A step-by-step guide to deal with Sebi's new margin rule
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A step-by-step guide to deal with Sebi's new margin rule
A step-by-step guide to deal with Sebi's new margin rule
Synopsis
The new rules, postponed twice in the past, came into effect after Sebi rejected a request from the industry to give a further extension. Many analysts said the new rules would result in lower volume on the exchanges.
The new margin rules for the cash segment of the stock market and share pleading came into force on Tuesday, which is going to change how you place margins with your brokers. The new rules, postponed twice in the past, came into effect after Sebi rejected a request from the industry to give a further extension. Many analysts said the new rules would result in lower volume on the exchanges.
“Sebi declined to grant further time to implement the margin pledge/repledge process. This came as ..
Meanwhile, if you are still having difficulty working around the new rules, here is a step-by-step guide:
How to pledge shares?
The new rules mandate that when a pledge is made, the shares will continue to remain in your demat account and can be directly pledged to the clearing corporation instead of the earlier practice when stocks used to move to brokers’ demat account. Now you need to authorize a pledge request in favour of your broker, which will then ..
How to navigate the new margin system?
Upfront margin: The margin rules specifically relate to the cash segment. From Tuesday onwards, you need to have 20 per cent upfront margin in your account to buy or sell securities. If your broker has an early pay-in system, i.e, same day deduction of securities from your demat account, you may not need to have margins for selling securities.
Using sale proceeds from T1 holdings: Suppose you bought 100 RIL shares on Monday. Now, brokers are also allowing you to use proceeds from selling them on T+1 day, while it is yet to be credited to your demat account. The proceeds can be used to place orders on the same day.
Cannot use intraday profits: Currently, brokers allow you to use intraday realised profits for taking new positions on the same trading day, but now they may not appreciate it.
you will be able to use it only after 2 days in case of equity/stocks and the next day in case of F&O.
Please note, depending on your broker some of the above options/features may or may not be available with them.
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