Why is ASM being charged?

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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 It may be modified or withdrawn as per instructions from Exchanges/Clearing Corporations.

• 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.

• 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.

• What scenarios are considered for ASM calculation?

  ASM is calculated based on the following stress scenarios: 20% market decline scenario: Loss arising due to a potential 20% fall in value of securities. 17.74% market rise scenario: Loss arising due to an upward movement, considering available ...