Why did the exchanges publish a clarification on no additional intraday leverage?

[nithin]

No additional intraday leverages from Aug 2021 in Indian capital markets

SEBI has just put a clarification on the issue around additional intraday leverages offered by all brokerage firms in India. While they have reiterated that all margins have to be collected before a trade, they have put in a framework and a phased adoption for penalizing non-collection of full margins. So intraday products that offer additional leverage over and above SPAN+Exposure for F&O or VAR+ELM for stocks, will have to stop completely by Aug 2021. Here is the circular. Check this thread t…

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