Very strange but just got an email from Zerodha stating that “The clearing corporation has stopped providing margin against the shares of 736GS2052 and has removed it from the approved list of securities for margin pledge.”
This is a Govt of India issued bond so why would the Clearing Corporation remove it from their list when the maturity is a long way away?
This can create a serious situation for someone who might not have ready cash available to meet the margin requirement for open positions once the auto-unpledge happens and the available margin reduces…
Did any one else get similar emails for this or any other GoI bonds? Any idea why this would happen? .