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F&O
maddy Des
Trader
Asked a question 8 months ago

Hi, I have one question. We all know that they take 4-5 snapshots of our margins, and levy a penalty if there is a shortfall.| Suppose I entered spread, and due to mistake order types of both the positions are different. eg. I bought in Intraday and shorted in Margin order type. So there will be short margin shown in my account. Now if I am correctly remembering, these order types are broker specific and exchanges, CC do not differentiate between Intraday or Positional order types. So, Are my positions still hedged and there will be no shortfall reported in snapshots? Regards.

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Hi @maddy Des 
I agree exchanges do not consider the product type. It is at the broker level. It is considering the risk involved in squaring off Intraday position in the day. We do not allow the clients to get hedge margin benefits if they are of different product types. After squaring off your intraday position, your carry forward open position margin requirement will increase, and there is a possibility that the exchange can take screenshots at that particular time.