2021-09-02 14:22:49
Some clarifications on margins ... 1) You don't need margin to sell your holding!! That is, 20% upfront margin requirement for selling holding is overcome by the broker crediting only 80% of sold value on the T day and the remaining on T+1 day. This does not mean you cannot sell holding with 0 balance. You can do that and NO penalty will be levied.
2) BTST is not closed. _Only stocks which come under BE=Book Entry category does not have BTST_ . EQ category stocks have BTST with 20% upfront margin. But definitely, in case of short delivery, there is a slight risk of margin penalty.
3) Shares sold today, 80% funds can be used for anything. _Only if you buy those shares back,_ after closing an intraday trade,with those funds, then margin penalty will be levied.
4) 5x intraday equity leverage (20% upfront margin requirement) remain, while no leverage for FNO.
All these changes (except for changing of intraday margin slightly/final phase) is already in place and Nothing more is going to change.
376 viewsHumble Trader (সূর্যশেখর), 11:22
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