There gained’t be any margin block in case for those who had positions that are expired. Since there isn’t a margins blocked for expired one, free settled funds can be found for withdrawal.
RaviMukunthan:
When will the EOD margin file be run that may point out the BOD margin necessities for the subsequent day?
Often EOD SPAN file out there from CC at round 5:30PM and will get uploaded by 5:45PM.
Thanks for the immediate reply. In my instance I had said taking Rs. 50 lakhs price of place utilizing collateral inventory margin solely with out having any money margins. As you have got said that there gained’t be any EOD margin requirement for expired positions, I presume no curiosity will likely be charged for 50% money margin shortfall regardless that the EOD margin will likely be blocked within the terminal for in a single day and will likely be launched solely the subsequent day morning. KINDLY CONFIRM WHETHER MY PRESUMPTION IS CORRECT.
I’ve each other continuation query on this regard. Allow us to say I herald Rs. 25 lakhs money margin in order that the Rs. 50 lakhs positions taken on the expiry day (and expiring the identical day at 3.30 pm) contains of Rs. 25 lakhs inventory margin + Rs. 25 lakhs money margin.
Allow us to additionally say that, after taking the above positions, I nonetheless have one other Rs. 50 lakhs of unutilized inventory margins that I now use for taking index choices positions that expire solely the subsequent week and will likely be carried ahead in a single day after at present’s weekly expiry. I’ve taken these in a single day positions with out 50% money margin on the expectations that upon expiry of this week’s positions at 3.30 pm (with out me closing the identical earlier than 3.330 pm), the Rs. 25 lakhs money margin blocked will get launched and can get utilized in the direction of the 50% money margin necessities for the subsequent week’s expiry positions to make sure that there no curiosity will get charged for shortfall in money margin necessities on in a single day positions regardless that the EOD margin will likely be proven as blocked within the terminal for in a single day and will likely be launched solely the subsequent day morning. KINDLY CONFIRM WHETHER MY PRESUMPTION IS CORRECT.
@Anath, thanks in your suggestions. The terminal reveals that EOD margins are blocked even by 11.00 pm:
even after the positions expired at 3.30 pm,
even after the EOD span file is run as you say at round 5.45 pm,
even throughout the outdated peak and EOD margin requirement stipulations earlier than 02.05.2023 and even after the brand new stipulations from 02.05.2023.
And therefore my confusions and queries on when margins get freed up after expiry of positions at 3.30 pm on the weekly or month-to-month expiry days and the consequential queries on curiosity for shortfall in money margin necessities.
As there isn’t a EOD margin requirement for expired positions there gained’t be any curiosity fees on the utilized collateral margins.Curiosity will likely be charged provided that a 50% money margin isn’t maintained for the non-expired carry-forward place
@Ragavendran_M
Thanks for clarifying one among my greatest doubts. I’ve positioned my trades accordingly within the weekly expiry day at present letting the index choices expire nugatory whereas pocketing the premiums.
One portion of my question stays unanswered. Please have this too clarified. Let’s say that the expired positions at 3.30 pm on the expiry day will release Rs. 25 lakhs of money margin. When will this freed up money margin be used for funding any non-expired carry ahead place taken solely based mostly on inventory margin solely and banking on the freed up money margin to keep away from curiosity fees – on expiry day EOD or the subsequent day BOD?
In different phrases, will the non-expired carry ahead positions on the expiry day (Thursday) be spared from being hit with 50% money margin shortfall penalty for Thursday to the extent of the Rs. 25 lakhs that obtained freed up at 3.30 pm on the expiry day? It certain will likely be spared on subsequent day (Friday) BOD, however what about Thursday EOD?
No curiosity will likely be charged on Thursday EOD because the margin is freed up from expired positions and may be utilized for present open positions.
Thanks for clarifying all my queries and doubts. I’ve no additional queries.