How running account amount is calculated before releasing the final payout?

How running account amount is calculated before releasing the final payout?

In case you have any open position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, IIFL may retain funds calculated in the manner specified below:

  1. Outstanding pay-in obligation/Debit balance at the end of day on date of settlement, across all segments.

  2. For Future and Option /Currency derivative segment clients 225% of the margin can be held as prescribed by exchange.

a) 175% will be adjusted against the Collateral. If collateral is less than 175% of margin, then cash component can be adjusted.

b) 50% against Cash component i.e. ledger + Margin Deposit

Sr. No

Ledger Balance + FD

Exchange Margin

Collateral

225% of Margin withheld

50% against cash component

175% against collateral

shortfall adjusted against cash component

Releasable amount

1

200

100

-

225

50

-

150.00

-

2

200

100

175

225

50

175

-

150

3

200

100

75

225

50

75

100

50