Comment on Understanding the new margin pledge system — effective Aug 1, 2020
commented on
23 Mar 2021, 09:55 PM
I am not able to understand the below statement. Can anyone please explain in a layman’s language?
“Additionally, also note that as a client you’ll have to continue maintaining positions in the cash:collateral ratio of 50:50, failing which interest will be levied. If you fail to meet your margin obligations, the broker will have the right to invoke the pledge and sell them to revoke the dues.”