Margin Call – Clients are requires to maintain minimum upfront margin as described by exchange and IIFL Risk policy at end of day in approved stocks of IIFL. For unapproved stocks client need to pay 100% margin. Failing to this, clients are marked in block and sell category. Block & Sell category clients need to provide margin before 8.30 am of next trading session else IIFL will liquidate the position.

Liquidation process – Block and sell clients are kept in block mode till the time RMS liquidate securities. RMS liquidates securities between 9.15 am to 9.45 am where margin is not received. Block mode gets removed after entire process gets completed. IIFL liquidate proportionately from each security in liquidation process.

Any increase of margin requirement by FNO segment for carry forward positions on T day client has to pay for the same or liquidate the same before the first snapshot of peak margin requirement by the exchange.If client does not have a sufficient margin then risk will take action to liquidate positions on or before 9.45 AM .

Real time monitoring – RMS team keeps monitoring client positions and P&L on continuous basis. RMS gives margin call during the day if client is incurring the loss. Client needs to pay require margin immediately or reduce the exposure.

T+6 Settlements – As per exchange guidelines all clients need to settle the debit transaction of equity segment before T+1+5 that is 5th day from settlement of trade day. IIFL liquidates T+6 for outstanding amounts if funds are not paid or Stocks are sold.

Liquidation process – clients are kept in block mode after 3.00 PM. RMS liquidate proportionately from each stock after 3.00 pm if funds are not paid or stocks are sold.