Comment on Zerodha - Margin Policies

Nithin Kamath commented on 20 May 2013, 05:28 PM

My bad, if I missed your previous query, but can you email me your client ID to [email protected] Now that I have heard your query out, I can see another reason why the margin statement may differ sometimes. Assume that you were carrying options from before, when you sell them, we let you take a fresh position using the same margin, but all f&O settlements happen on a T+1 day basis. So the margin statement for that particular day won’t show the credit you got by selling options held previously.

So for eg, if you 5lks in your account and bought 4lks of options. Tomorrow you sell the 4lks of options for 4lks. We will still let you buy for Rs 5lk, but the 4lks credit will happen only on T+1, day after tomorrow. In tomorrows margin statement we cannot show this 4lks credit because it is not realized. If we have to sync the margin statement with the trading terminal position on this, we will then not be able to allow trade on options carried forward and which is sold.

Hopefully this clarifies, but do send me that email with your client ID, will double check, also let me know which day’s margin statement are you talking about. [email protected]

Cheers. .

View the full comment thread »