Hi dear SMART TRADE ONLINE you told me that if i keep stocks with you u will
provide me margins against it to sell or buy FNO After the applicable haircut
But how M2M will be managed also i hope there are no other charges to take margin and my position is not auto squared off as you will be having much more margin then required like my present broker kindly clarify as of now with you being serious on this thread always present and prompt in reply i am contemplating opening account with you as i said earlier and the good thing is its FREE ( for which i seriously dont care )
Also If keep stock say worth 25 L and after 20 % haircut 20 L margin is released will i be able to see it some where in software how much margin is used and how much is left
Hello My investmentz,
We accept stocks in margin to a tune of 50% of your total margin. For example,
Cash: 5 lac
Stocks in collateral: 10 lac (after haircut)
Even though the stocks are of Rs 10 lac, only 5 lacs will be considered for the purpose of margin as that would make it 50% cash and 50% stocks.
MTM has to be paid in cash and can not be paid by stocks. Similarly, if you have MTM, you'll get it in your account as cash and not stocks
Demat transfer charges will be applicable on transfer of shares.
You will be able to see the collateral in your account and will even get the value of the collateral benefit that you can avail by SMS.