New feature - Account value curve on Console

[Ratna_sai_kosuru]

@nithin

We allow you to take positions for the entire collateral margin. So if account margin is showing 12.37lks, you can take position for that amount. But since you don’t have any cash, you will end up being charged interest on the entire amount.

Hey, thanks for the reply. i highly appreciate the approach of solving the problem for all even if just one customer is facing the issue.

@nithin

• While doing the account value calculation, which essentially is the total cash you will get if you square off everything (21.34 lks) we calculate the total value of pledged holdings and subtract the collateral margin (the margin you get from pledging). So this won’t end up as double margin.
• For any position that you hold, you need to bring 50% in cash and 50% in collateral margin. The cash balance showing a negative number means that for that much value of the position you haven’t brought in any cash of your own.

These two things are clear.

@nithin

We allow you to take positions for the entire collateral margin. So if account margin is showing 12.37lks, you can take position for that amount. But since you don’t have any cash, you will end up being charged interest on the entire amount.

i am still struggling to reconcile this. i might be over simplifying the things.
lets us assume entire 12.37lkh is collateral and zero cash. then now that i didnot bring in liquid money on to the table, 50 % is provided by zerodha, which should be 12.37/2 = 6.2. why is it more than that ?

one other issue i observed is the account value changed drastically after the period i have posted this. let me explain this by screen shots. these are taken @sunday june 20th 2021
screen shot 1

1. account value dropped by more than 2.5 lakhs wth in 4-5 days, without any corresponding losses in the account due to trading or drop in holding value. in fact profit was booked before some shares dropped significantly. i didnt withdraw any money and money is the account itself. what can explain this drop ?
   Is my value being influenced by short option premium and long option premium ? if so short option premium is not my money per se. i will not be able to get that amount (shown as account value) when i liquidate the account today right ?

screenshot 2

the span margin and exposure margin is credited and debited daily. But since it is a ledger, it only deals in cash right ?
where is the accounting done for the 50 % collateral ? ( i understand that the calculations are right in the back end as i can verify the same from the interest i am charged for the cash short fall. the only thing is it is confusing when we see such large negative cash balances and scares the shit out of me. it takes a little time to come back to senses)
screen shot 3

this is confusing when i see all the screen shots in one go. i am being told there is negative balance and Account margin is 10.96 lakh in console. i come to kite and i see i have 2.44 lakhs margin in addition to 10.7 lakh.

i realise it is Too long, but i am just looking for better understanding. please help me out.