I pledged stuff at 7-30 am. By 8-15am already got sms from CDSL that the pledge is accepted. Then why are you giving me margin from this only the next day.
Why dont you enable refresh or updation of margins again at 10am or 12noon or sometime so ppl can get benefit of margin same day. currently first funds is blocked on the day i buy the shares. then next day pledge. then only next day margin becomes available for use.
ie, funds locked /unusable for 2 days.
with same day margin refresh/update atleast 1 day will reduce from that.
@siva Facing a dire issue where the collateral for equity is negative -55L for some reason, completely disrupting my trading. The margin was fine till yesterday. Can someone from your team please look into this on a priority basis? Thanks in advance.
Similar thing happened with me today. Had 6L free margins at eod yesterday, with ELM requirement of 5.5L. Woke up today with -15L shortfall. In fact with short put heavy positions in nifty, I was expecting some margins to free up today with the green closing yesterday @siva do we know what what the issue in Anuj’s case yesterday, and how do I know if the margins blocked on any given day are proper, with such occurences?
Ah got it! Didn’t notice it till now since I was exiting my positions by Wednesdays ever since ELM came in.
But then, isn’t the elm email and notification that is triggered meaningless for anyone with calendar spreads (or some may argue, misleading)?
On a separate note, if the regulator’s intention with ELM is to stop excessive 0dte trades on expiry days, isn’t there an argument for excluding positions being carried forward from previous days/weeks/months? And if yes, technically how feasible from a brokers pov is to block differential margins on a position based on the day of entry into the position?