Sir, can you please shed some light on what it means for MIS orders for F&O - will the MIS margin be impacted? I went through the SEBI circular, it read as if it will mainly impact cash trades where broker can't give leverage upfront, but can give if trader deposits the margin firt.
Hi
In simple terms,
1) it will impact mainly intraday traders.Now , Intraday future traders have to give complete NRML margin .even for intraday.
2) no use of MIS,CO & BO ..AS you have to pay complete Nrml margin From SEP,1 2021.It will gradualy increase from DEC1,2020.
Till FEB 2021, 20X, TILL MAY 21 10X, AUG20217X, From sep 2021, 5x only.
3) intraday cash trader will also have to give that much margin money. from sep2021, they get only 5X margin.
Thanks