Comment on Zerodha - Margin Policies

Nithin Kamath commented on 17 Dec 2014, 12:28 PM

1. Yes the NSE penalty comes into place only when the margin is below the SPAN margin requirement, and not below SPAN+Exposure.However, for currency derivatives, you have to maintain both SPAN+Exposure or margin penalty will be applicable
2. We don’t typically square off positions if the minimum SPAN is present in your account. But that said, if markets are extremely volatile, we square off positions upto around SPAN+50% exposure. But if you have this much covered, we won’t run any square offs.

Yes, sending alerts on margin is something that we definitely intend to have in the things we have planned for future.

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