Futures MTM - Reliance Money and ICICIDirect

[leo_3455]

Hello All!

I am a beginner and have a question regarding the Mark to market loss/profit in Futures trading through ICICI Direct and RM.

Does ICICI Direct credit the MTM daily and we have maintain the minimal margin?

In case of Reliance Money, MTM is calculated only on expiry date (and when we square off)? When we buy a lot, what happens when the underlying's value is increasing and when it is decreasing.

Please clarify. Thanks for your help in advance.

 

[THETRADER]

MTM is daily, and, no matter who the brokerage is. If not, they are exposing themselves to great risk, and, you better avoid trading with them. They may not credit you with the MTM(!), but certainly will debit (and, that includes Reliance Money!)