Stockbrokers are required to switch all unused funds again to the consumer’s checking account as per SEBI rules at the least as soon as 1 / 4. The subsequent quarterly settlement date is sixth January 2023.
Try this put up from October 2022 for particulars on the regulation.
Payout Calculation
A few of our purchasers have requested us how the quarterly settlement quantity is calculated. It will depend on the (1) unused funds obtainable within the account, (2) the worth of pledged securities, and (3) the margin utilised by presently excellent positions.
Here’s a pattern calculation of unused funds & the quarterly settlement payout.
Components
Particulars
Quantity
Remarks
A
Ledger Steadiness
100000
Assumed
B
Unsettled funds
10000
Assumed
C= A-B
Settled Funds
90000
D
Margin Used
30000
Assumed
E
Alternate Payins (Losses, purchaser’s obligations)
15000
Assumed
F
Money Collateral
20000
Assumed
G
Non-Money Collateral
20000
Assumed
H = F + G
Whole Collateral
40000
I = C – E
Money Out there for QS
75000
J = D x 225%
Retainable Margin
67500
Okay = (D x 50%)
Margin Retained from Money
15000
L = J – Okay
Left-over Margin to be Retained
52500
M = Decrease of L and H
Margin Retained from Collateral
40000
N = L – M
Extra Money to be Retained
12500
O = N + Okay
Whole Money to be Retained
27500
P = I – O
Quarterly Settlement Payout
47500
Rationalization of the above calculation
Learn extra on this FAQ doc from NSE.
thanks boss for giving such detailed calculation.