Is ASM applicable intraday or positional?

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• Is ASM applicable permanently?

  ASM applicability depends on regulatory framework and market conditions. It may be modified or withdrawn as per instructions from Exchanges/Clearing Corporations.

• Will Delayed Payment Charges (DPC) be applicable on ASM?

  Yes, Any shortfall arising due to ASM will be considered while calculating ledger balance and DPC will be applicable. No waiver of DPC will be granted for ASM-related shortfalls.

• Why is ASM being charged?

  ASM is implemented as a precautionary measure based on stress scenarios defined by SEBI, Exchanges, and Clearing Corporations to ensure adequate risk coverage in volatile market conditions.

• Is ASM different from regular margin?

  Yes, ASM is over and above the margins already prescribed by the Exchange/Clearing Corporation (SPAN + Exposure + other margins).

• Are hedged positions considered for ASM calculation?

  Yes. Eligible hedged positions based on depository-reported holdings are considered while computing ASM under the upward movement scenario.