Is ASM applicable intraday or positional?
ASM is primarily assessed on the overall portfolio risk, and may apply depending on positions carried and margin availability.
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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 It may be modified or withdrawn as per instructions from Exchanges/Clearing Corporations.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.
What is Intraday Order?
Intraday orders means buying and selling stocks on the same trading day. Share prices keep fluctuating throughout the day, and intraday traders try to draw profits from these price movements by buying and selling shares during the same trading day. ...
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).