New Peak Margin Rule from Aug 1st

[SachinSingh]

@Ananth

we have revert to BOD SPAN immediately like before 2:23pm

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.

@Ananth

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.

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…

@nithin

There is no EOD penalty; there is upfront and non-upfront. If the margin goes up by the end of the day, it is called upfront, and brokers have to pay the penalty from their pockets.

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.