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