ICICI Securities On Indian Exchanges - New Margin Norms Sets In From December
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ICICI Securities Report
With effect from December 01, 2020, Securities and Exchange Board of India has mandated collection of upfront margin from clients, which can be peak margin or end of day margin, whichever is higher, in intraday as well as delivery.
Brokers will move away from using the end of the day position to calculate margin requirement to using intraday peak margins.
Anecdotal evidence suggests that maximum number of trades undertaken in the system are largely intraday in nature and, with this regulation kicking in, there can be an impact on overall volumes traded on the exchanges (both cash and derivatives segment).
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