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Q For TraderJini : Margin Against Dematholdings |
AmitSwl_FnO
White Belt
Joined: 18 Feb 2013
Posts: 75
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Post: #1  Posted: Thu Feb 06, 2014 12:46 pm Post subject: Q For TraderJini : Margin Against Dematholdings |
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Can u pls explain how much margin is given against demat holdings?How is cash adjusted in case of a draw down? I shall be very great obliged if u explain this in detail??
Thankx
Amit |
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TradeJini
White Belt
Joined: 02 Jan 2014
Posts: 37
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| Post: #2 Posted: Thu Feb 06, 2014 1:28 pm Post subject: Margin against Stock |
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You need to transfer the holdings to Tradejini Margin Account. For which you can send us a email to transfer the said stock from your Demat Account to Tradejini Margin Account.
You need to always maintain a Cash to Stock ratio of 10:90.
Stocks are subject to exchange prescribed hair cut.
Example:
You have 60,000/- cash and stock of 8,30,000 after hair cut then you would get a limit of 6,00,000/-
You have 95,000/- cash and stock of 8,30,000 after hair cut then you would get a limit of 9,25,000/-
If for the day you have a MTM Loss or option/stock buying then you need to replenish your account with cash to maintain the 10:90 ratio.
Happy Trading  |
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