Hi @prasanth akru25,
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!
Question
Pledge 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.
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.
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