Comment on Policy on settlement of compulsory delivery derivative contracts
commented on
22 Jul 2019, 04:29 PM
Abhay,
We charge SPAN+Exposure or 40% of the contract value, whichever is higher(For most contracts, the SPAN+Exposure is lower and we charge 40% flat). On the ledger, you will see 3 debits-SPAN, Exposure and ASM margin for physical delivery F&O positions(i.e., 40% minus SPAN+Exposure).
Can you recheck the ledger and confirm?