Have you seen my above post the doc by NSE?
It says Stock Future margin will increase in four phases, 1.25, 2.5, 3.75 and ultimately 5% by Nov 30.
So for tata steel it is probably another 5% increase of total contract value for open positions.
Probably current NRML for tata steel is 13.75% it will increase by another 5% so total margin will be 18.75%
- its 36% increase for open positions. All other intraday margin like MIS, BO , CO would be adjusted in the same ratio according to new NRML @18.75%
It says Stock Future margin will increase in four phases, 1.25, 2.5, 3.75 and ultimately 5% by Nov 30.
So for tata steel it is probably another 5% increase of total contract value for open positions.
Probably current NRML for tata steel is 13.75% it will increase by another 5% so total margin will be 18.75%
- its 36% increase for open positions. All other intraday margin like MIS, BO , CO would be adjusted in the same ratio according to new NRML @18.75%
hopefully it will be lesser increase than the original idea
here is excrpt from nse circular
"Instead of adding the Additional Surveillance Margin as specified in the abovementioned circular dated September 01, 2018 to the Exposure Margins, Price Scan Range (PSR) used for computation of Initial Margins shall be amended, in steps, to increase the coverage of risk arising out of change in underlying Index / stocks to cover risk for 10% change in underlying indices and 17.50% change in underlying stocks. "
I think this is exchange way to dilute ASM and keep SEBI happy ...I may be wrong ...I don't fully understand this ...
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