What is the meaning of entry passed in the normal ledger - Funds margin for BMFD positions entry as Debit / Credit ?

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• When does Funds margin for BMFD positions entry passed in ledger as Debit / Credit?

  1. To collect the margin against funding, we do Earmarked available pledge stock in the holding. If there is no stock available, then clients have to pay the margin so the same getting debited in the ledger this is also called Cash collateral margin. ...

• At what price funding reversed and debited in normal ledger

  Funding reversed buy rate and debit in normal ledger

• Can I deactivate my BMFD product and shift to normal trading?

  Yes. It can be deactivated after clearing debit in the BMFD ledger. Need to send mail to Activation team and RMS for the approval to deactivate the same.

• What is Margin?

  1.The net funds utilized for your executed equity intraday, F&O positional /intraday trading & delivery orders. The amount blocked for your Open orders yet to be executed. 2.Whenever you sell your shares or open F&O positions, the margin used will be ...

• What happens in case you are not able to confirm the BMFD otp on time?

  >If you are not able to confirm OTP by T+1 day, then stock will be moved to Client Unpaid Securities Pledgee Account (CUSPA) if your account is in debit, otherwise to your demat account if it is in credit. >IIFL will reverse the funded trade, debit ...