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Asked a question 10 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.

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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!