Comment on Understanding the new margin pledge system — effective Aug 1, 2020

Mani commented on 23 Jul 2020, 02:28 PM

All new pledges will have to be created through the new pledge system effective August 01, 2020. Brokers have been given time until the 31st of August to return all securities pledged using the existing framework and route them through the new pledge system.

Does the above statement mean that – we can manually un-pledge old framework and shift to new framework step by step all through August (30 day window) ?

The reason i am asking is – i have Dec 2020 Options selling Positions which are using the Equity pledge Margins … It would be nice if i dont lose the “Margins Fully” from Equity Pledge while the pledge is transferred from the old framework to the new one … If i have the 30 day window in August to shift in phases (20% of my portfolio each day) – that would be nice

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