Today I couldn’t square off my short nifty option position due to an internet glitch. Now showing negative cash balance, I’m having postive overall margin (cash+collateral). I can not fund account before Monday but will close position on Monday.
I want to know that, is there any interest will be charged for negative cash? If yes then how much it will be?
Thanks in advance
Interest will be applicable if you have negative cash balance in your account. The interest will be 0.05% per day on the negative balance.
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Will the interest be applicable even if option expires otm? I.e. negative cash balance, positive cash/collateral margin and option expires otm. Will any interest be applicable?