Unexplained charges.

HI

Just a request I would like to know.

After viewing my ledger I noticed IIFL has been charging different charges, like being delayed charges, being intersettlement/benificiary charges, CDSL DP BILL, etc., every month or twice a month. I talked to customer care but did not get any answer to satisfaction. Could you please tell me what are these charges as I am feeling like being cheated by IndiaInfoline.

Being delayed charges is probably for margin amount. If you buy a share and the amount on your account not sufficient enough to hold those shares, they give you few days for providing the amount. These charges are more like interest of the margin. If you provide the money the same day, they should not charge you on this. If pay by cheque or do a online transfer after few days, then they will charge you for it.

I am not sure about the rest of the charges. I am sure someone from the forum will help you on this.

intersettlement/benificiary charges are due to if you sell before t+3 days.ie shares will not go to dp but will be in brokers pool. so brokers charge these charges which are for them.

CDSL DP BILL are charges for holding your shares by cdsl or ndsl. normally these
charges from rs 12 to 17 per transaction while selling .

Hi,

I need to know the meaning of following terms.

Ledger balance
OPtions MtoM loss
adjusted ledger balance
adjusted holding values
gross margin
MTM profit/loss on open positions
margin blocked for pending orders
available margin for trading

Thanks

1. Ledger balance is the G/L account level balance for a GL item.
2. Options booked at a price, but the prices vary on a daily (in fact second to second on a trading day) basis, and value of your position is either in your favour or adverse. In case it is adverse, the net change in value is treated as MtoM loss.
3. If any adjustments, are to be carried on the balances in ledger, post such adjustments balances adjusted balance/holding values.
Gross Margin is the leverage available to you
4. MTM P/L same as 2 but applicable in general to all type of securities.
5. whenver you are placing orders, (esp the limit type orders) certain amount of margin is blocked for the contingent event of your trade being executed. such amount is called margin blocked for pending orders.
5. Is the difference of gross margin and margin blocked for pending orders

And what is aljusted holdings value?

If any adjustments, are to be carried on the balances in ledger, post such adjustments balances adjusted balance/holding values.