Skip to main content
Question
Pledge
Asked a question 5 months ago

Got email from fyers regarding change in collateral policy from 23 may 2022 which requires to maintain 20% cash margin. I had pledged sovereign gold bond and the amount is available in my account after haircut. Do I need to maintain 20% cash margin noting that pledged amount from SGB is considered as cash equivalents.

Join FYERS Community to pick others' brains on Trading/Investing

Hi @prasanth akru10,

Sovereign gold bond are considered as Cash equivalent. However, to meet your MTM, we recommend you to maintain cash margin to meet your MTM!

Hope this clarifies!