Comment on Online pledging of stocks for trading F&O
commented on
02 Aug 2016, 07:39 PM
I understand that Zerodha has the right to square of shares in case we do not provide MTM. But what is the extent till which you will not sell the shares.
For example we have provided collateral for INR 100k. No Cash Margin. utilized INR 50k as Margin. I will be charged 0.05% interest / day on 25k. But till what level of MTM you will not sell any shares. And If we have pledged more than 1 script how you decide how much and which stock will be sold?