Whether I can square off the position in one segment during the day and use the same margin, released due to square off the position, in different segments on same day?

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• Is there any margin on selling shares in Cash Segment?

  Yes, margin is applicable for both buy and sell transactions in the Cash Segment. As you are aware, settlement of transactions in the Cash Segment is on T+1 day basis, accordingly the upfront margin of the trades done on T’day should also be ...

• After fulfilling the peak margin obligation on T day, whether Broker can release the margin on T day?

  Applicable upfront margins are required to be collected from the clients in advance of the trade. In view of the same, free and unencumbered collaterals can be released in case peak margin obligation across all segments is fulfilled.

• Why client position squared off?

  Client position could have been squared off for a number of reasons such as : 1) Intraday trades will auto squared off at 3:15 pm for the Cash segment & 3:20 for the F&O segment. 2) Intraday trades will be squared off if you lose 80% of your ...

• In which type of cases margin shortfall and consequent penalty will arise?

  In the following scenarios margin shortfall may arise and margin shortfall penalty will be applicable: Margins increased by exchange during the day or EOD Wound-up/ Square off one leg of position in hedge positions Buy back of sold holding shares on ...

• How margin call is initiated?

  Margin Call – Clients are requires to maintain minimum upfront margin as described by exchange and IIFL Risk policy at end of day in approved stocks of IIFL. For unapproved stocks client need to pay 100% margin. Failing to this, clients are marked in ...