Change in brokerage for intraday use of collateral

Hi @Ashish_Tyagi , we sent this communication.

This applies when there is a shortfall in the required cash component, and we fund that gap.

In such instances, 40 per executed order is charged instead of 20 while the account has a debit balance due to funded margin shortfall, until the debit is cleared. This is a charge for the funded amount, not a change in brokerage.

Most brokers typically charge interest on such funding. Here, a flat charge is applied per order while the account is in debit.

7 Likes