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Leverage
Asked a question 10 months ago

Is Fyers implementing the new collateral margin of 50% cash from December 1st or we can use 100% collateral from pledging shares?

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Point no. 18 from the SEBI circular :


CM's are required to maintain at least 50% of the total collateral in the form of cash or cash equivalents. At individual client level, a client may have allocation of cash equivalent, less than the value of non-cash collateral provided by the client. In other words, the minimum 50% cash equivalent collateral requirement may not be applied at the client level. For the purpose of monitoring of at least 50% cash-equivalent collateral at the level of CM, the excess cash-equivalent collateral of a client shall not be considered for other client or for proprietary account of TM/CM. However,the excess cash-equivalent collateral of proprietary account of TM/CM can be considered for clients trading/clearing through them,for the purpose of monitoring minimum 50% cash-equivalent requirement.

So according to my understanding this 50% allocation is not mandatory for clients.