Zerodha Part 2

[murthyavr]

Zerodha how I can transfer fund via NEFT system to yr A/c for my trading A/C,
and where I can find future margin.

Scroll this page down to find out the account details for transfer via NEFT:
http://www.zerodha.com/funds-transfer

You can find span margin files of FnO, Commodities and currencies, if you log
into your back-office.

 

[Trader J]

Originally Posted by Zerodha
J,

Option writers can use the cover order facility.. You get a pretty high leverage, only option buyers cannot use CO..

Yes I know it, But the problem is Stop Loss Market Buy having only 1.5 %, If you want to use, it will immediate squre off, for example you want to sale Rs@7, it will give you Rs 7.10 Trigger Price, so please increase to 30-50 %, I mean trigger shoul be Rs 9. Thanks

Thanks for your "Thanks"...waiting for reply.....

 

[megapixel]

Zerodha / Fellow Traders,

Is there any place where I can find historical SPAN margin file ?

I don't find historical SPAN margin file in backoffice.

Is there any way to get these files ?

 

[megapixel]

Zerodha,

Can you please add IMPS ( Mobile Fund Transfer ) facility ? You might think about this.

As far as I know IMPS is the fastest way to transfer fund. All banks are accepting this method.

Though I have not used it ...but this looks like the quickest way to transfer fund FREELY.

may be fellow traders who has has experience on such transfers could post feedback.

 

[nrc4u]

when ncdex available zt platform. Any expected date or month. I extremely waiting

 

[soft_trader]

Zerodha,

Can you please add IMPS ( Mobile Fund Transfer ) facility ? You might think about this.

As far as I know IMPS is the fastest way to transfer fund. All banks are accepting this method.

Though I have not used it ...but this looks like the quickest way to transfer fund FREELY.

may be fellow traders who has has experience on such transfers could post feedback.

I suggested IMPS to Zerodha before also. But looks like SEBI is uncomfortable to allow IMPS fund transfer.

 

[Zerodha]

Hi
Zerodha,

Margin Statement format has been changed. I'm receiving differently formatted Margin Statement now. Would like to ask few queries on this.

I don't see T Day bill in this new format . How do I check daily bill/MTM loss/gain then ?


Also another issue is , I see you are not blocking any Exposure Margin here..why ? You are blocking only SPAN margin + Additional Margin Required by your RMS ....whereas In SPAN file , there is always a blockage for Exposure Margin ...why you leave this column blank in the Statement ?


Finally , Could you please respond to the queries put in the screenshot ?

Here's a couple of things you need to know:
Initial Margin is the same as SPAN Margin.
Exposure Margin is the same as Additional Margin.

Q1- Exposure Margin is charged only for a Future Contract. Hence if you have taken a Future position, Exposure margin will be blocked.

Q2- In case the margin required by NSE (Initial Margin) is Rs. 20,000 and the margin available is lesser than Rs 20,000 this column will show the shortfall amount. In case there is any shortfall, there will be a penalty charged.

Q3- There are times when the broker may decide to levy margins over and higher than what is being levied by the Exchange. In case there is any such margins, it would show here.

 

[megapixel]

Please find my comments in BLUE

Here's a couple of things you need to know:
Initial Margin is the same as SPAN Margin.

correct.

Exposure Margin is the same as Additional Margin.


SPAN margin , Exposure margin are collected by the Exchange...Broker needs to collect these from client and pass it to Exchange ...... but Additional Margin are taken by Broker and can be kept with them for their risk management.

Q1- Exposure Margin is charged only for a Future Contract. Hence if you have taken a Future position, Exposure margin will be blocked.

I take Future Contract ...In the Daily Statement , I find you don't block any Exposure margin ! and hence I'm surprised

(you block some margin in "Additional Margin required by Member as per RMS" column though)

Q2- In case the margin required by NSE (Initial Margin) is Rs. 20,000 and the margin available is lesser than Rs 20,000 this column will show the shortfall amount.


In case there is any shortfall, there will be a penalty charged.

penalty ? I think your policy was...if margin shortfall , then broker will square off/liquidate the position ...is not it ? or you really want to penalize 18% per annum charge.

by the way , as per newly formatted Statement , Margin Shortfall column will always show negative because you show -negative funds here for blockage and we can not allocate separate fund for F&O segment.....real funds are lying in the Equity segment. I guess this should not be a problem as long as Overall Margin Balance is positive.




Q3- There are times when the broker may decide to levy margins over and higher than what is being levied by the Exchange. In case there is any such margins, it would show here.

Fine .....no issue.

 

[hayerpa]

hi zerodha,

today i placed a order to check the system functioning and my order was rejected with foolowing reasons please clearify:


-- 26-Dec-2012,10:51:07 -- NSE LIMIT ORDER failure Status:rejected Rejection Reason: RMS:Blocked for nse_cm NRML broker- ZERODHA block type: ALL BUY JPASSOCIAT-EQ Total QTY:1 Disc. QTY:0 Open QTY:1 Filled QTY:0 at 97.55 DAY

 

[VJAY]

hi zerodha,

today i placed a order to check the system functioning and my order was rejected with foolowing reasons please clearify:


-- 26-Dec-2012,10:51:07 -- NSE LIMIT ORDER failure Status:rejected Rejection Reason: RMS:Blocked for nse_cm NRML broker- ZERODHA block type: ALL BUY JPASSOCIAT-EQ Total QTY:1 Disc. QTY:0 Open QTY:1 Filled QTY:0 at 97.55 DAY

Change prdouct type in order window from NRML to CNC...NRML -use for f&o order....for getting benefit of margin for intraday use MIS