Hi. Which are highest margin providing brokers for intraday and delivery trading in equity and future?
From dec 1st all brokers will be providing same leverages. Check this for more.
So @siva all derivative trades will have NRML margins from dec1st itself ?
It will be phased reduction, as explained here.
When is this applicable from?
This SEBI circular says that there will be a penalty if trades are allowed without sufficient VAR+ELM or 20% for stocks, and SPAN+Exposure from Dec 1st 2020 even on an intraday basis.
- Dec 2020 to Feb 2021 - penalty if margin blocked is less than 25% of VAR+ELM ( or 20% of trade value) for stocks or SPAN+Exposure for F&O. (Max leverage of 5% or 20 times for stocks)
- Marc 2021 to May 2021 - penalty if margin blocked less than 50% of minimum margin required. (Max leverage of 10% or 10 times for stocks)
- June 2021 to Aug 2021 - penalty if margin blocked less than 75% of minimum margin required. (Max leverage of 15% or around 7 times for stocks)
- From Sept 2021 - penalty if margin blocked less than 100% of minimum margin required. (Max leverage of 20% or 5 times).
So from Sep2021, it is NRML for any derivative position even for intraday, right ? Reduced margins for hedged positions remain or those too are gone ?
You will continue to get margin benefit for hedged positions as you get now. No changes in that.
Samco is the only one so far.