I have some equity holdings and I wish to pledge it for intraday option writing. I have gone through the file which mentions collateral margin available after haircut. I have 2 questions :
I have recently opened a zerodha account, but I have shares in my demat account of another broker. Is a transfer possible or do I have to square off, transfer funds and again buy and then pledge ?
The collateral margin I recieve after haircut could be utilized for intraday option writing ? If my position goes in loss, does zerodha square off my holdings ? For example, if I have advanced enzymes share worth Rs. 2 Lakh, and after haircut of 40%, I write intraday options on 1.2Lakh. Now I have no cash in this account, and I face a loss, at what point will zerodha start selling my shares from the demat ?
In simple words, what is the process of pledging to get collateral margin for intraday option writing ? Do I have to pledge-unpledge everyday ?
Acc to some recent changes announced by sebi, is pledging going to stay or this too is going to go away like after aug21 ?