@ShubhS9 @MohammedFaisal Can we get some light on whether we will now see intraday margin changes?
If not, how will we guess what the End of Day margin can be?
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Yeah, I didn’t notice any changes post 3 pm, but there was definitely the usual 2:30 pm margin updation…
Hey @MayankMaheshwari @SachinSingh, yesterday’s SPAN file was uploaded at 2.50-2.55 PM. We are planning on uploading it at this time to ensure both intraday peak margins and EOD margins are not adversely impacted.
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Good, so I can assume SPAN was calculated based on about 2:50 pm market data snapshot?
Last few days, the post 2 pm total margin change is happening as usual, but the individual strike prices are not getting changed/updated. The individual strike prices show the old margin value only. File appears to be broken or the issue is something else. Please fix this, @MohammedFaisal @Ragavendran_M
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today one pair short straddle showing 93K margin and just 100 point strike above has 70k margin in nifty
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@Nithin, the past few days, the individual strike prices are not getting updated post the 2 pm margin update. The total margin is changing, but the margin for the individual strikes remains the same as before:
Had raised this issue yesterday also. Please get it fixed.
Some or the other annoying thing keeps coming up with regards to displaying the proper margin.
The issue of the margin showing as zero if there are open pending orders which I had raised in this (private) thread back in July has still not been solved despite me continuously following up on it.
One can still work around that but please solve the issue of the strike prices not showing the correct value post the 2 pm margin update…
Also on order placement widget on web browser version, can we please show the available margin like we do in the app version?
Hey @SachinSingh
Yesterday and Today, we had encountered issue on fetching the latest SPAN post 2pm from exchange FTP to our order window calcy. The team is working on a fix, will update here once its fixed.
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Update: This is fixed. The latest i04.spn is loaded in order window calcy and on Basket.
I think this amendment was really good. This modification effectively eliminates the peak margin collection requirement for derivative trades based on four daily snapshots to ‘beginning of the day’ pricing. With the new margin rule, traders can now utilise only 50% of their margin against securities, with the remaining 50% available in cash (bank) with the broker to commence trade.
Could you please brief like in which contract and at what time you observed the discrepancy?
The individual strike prices did get updated initially as usual (around 2:17 pm), but weirdly after around 20 minutes, they started showing the same margin required as before. And they never reverted to the ‘updated version’ before the end of day.
Also, the total margin available only got updated around 3:15 or so…
Yesterday we didn’t load the intraday SPAN file on RMS but got loaded in order window calcy + Basket as these are auto-scheduled and we have revert to BOD SPAN immediately like before 2:23pm so you might have observed the difference between 2:15 to 2:24PM.
This is loaded at around 3:45PM on both RMS as well as order window calcy as usual.
P.S. Please note, uploading intraday SPAN is at the discretion of our RMS and depend on volatility. It advisable to maintain the sufficient funds to avoid any margin shortfall and the risk of position square off.
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But why was it reverted back? If it was a one-time thing, it’s fine, but there should be at least one intraday updation, else how are we supposed to take overnight positions? You guys decide the time, 2 pm, 2:30 pm, 3 pm, whatever, but please stick to it. IMO, the current 2 pm system works fine.
Sorry but how does this make sense? You’re effectively saying that positions can be squared off even if there’s no intraday margin updation. In any case, you guys are blocking 4% extra…
If there’s no intraday updation and account goes negative after EOD file updation, then it’s your loss only. All the more reason that there should be intraday margin updation.
The pre-schedule uploaded 2PM SPAN to order window margin calcy and that is been reverted since no intraday SPAN is loaded to RMS, otherwise there would be mismatch between these two.
There won’t be increase/decrease in margin if no intraday SPAN is loaded in to the system but one can still keep a buffer funds/collateral to tackle possible increase in margin at EOD or for MTM purpose.
Agreed, there might be sudden increase in margin at EOD and if client don’t fund, broker end up bearing the penalty. Similarly, post upload of intraday SPAN and margin reduces for existing as well as for fresh position (Ex: For PE short in case of market up), whereas member has to collect BOD SPAN to meet upfront margin criteria.