Jyoti..
The Margin benefit we give is in exact lines of what is given by the exchange. Margin requirement rules on NOW by default is set by the exchange itself.
Biggest margin benefits are for calendar spreads and even for this the margin required is higher than what you have mentioned for an overnight basis. Long future this month and short next month, margin required is still around 24k( around 12k per position)...
If you have bought futures and long puts, it might seem to you that your position is completely hedged, but the margin benefit given by the exchange is not much..
Today if you bought futures and 5200 puts at around Rs 75, instead of paying 25k + 4k , you will pay around 23k, a margin benefit of around Rs 6 k thats it..
You should double check this with icici also, I am sure they will not be able to do it at the margins you have mentioned..
THAT IS ONE MORE RESON YOU SHOULD PROVIDE MARGIN AGAINST STOCKS
THIS POOR FELLOW HAD JUST 1-2 OPTION
BUT I HAVE SOME TIME 500 OPTIONS OPEN IN MY ACCOUNT INFACT MOST OF THE BIG TRADERS DONT HAVE TIME TO CHECK MARGINS ALL THE TIME
THEY HAVE MONEY IN FORM OF STOCKS . THIS NOW MARGIN THING
HELD BY EXCHANCE IS A COMPLETE LIE :clapping:
MY FRIEND USES NOW WITH A REGULAR BROKER AND HIS LIMTIS ARE SET
BY HIS BROKER THROUGH THERE RMS
IN THE END EXCHANGE WANTS LIMITS IT DOESN'T MATTER IF CLIENTS PAY OR BROKERS PAY
ON THE TOP OF IT YOU WILL NOT INFORM ANY ONE BEFORE SQUARING OFF AS YOU CHARGE 20 RS PER TRADE SO EVEN IF A PERSON LOOSES 20 000
DOESN'T SEEM TO MATTER TO YOU
AFTER ALL WHY IS RTGS NEFT REAL WORLD REAL TIME MONEY TRANSFERS
IF YOU COULD JUST INFORM A PERSON AT 2:30 THAT SIR THERE IS A SHORTFALL IN YOUR ACCOUNT AND BY SAVING 50 RS OF BROKERAGE TRADING WITH US YOU WILL BE LOOSING 50000 RS KINDLY TRANSFER THIS MUCH AMOUNT IT WOULD BE EASY FOR EVERY ONE
AND ONE OF MY EARLIER POST YOU REPLIED THAT EXCHANGE CAN LEVY PENALTY ON US IF THERE IS MARGIN SHORT FALL SO WE COLLECT 30 % IN CASH
SIR TO AGAIN HUMBLY INFORM YOU ITS IS TOTAL NONSENSE IF YOU HAVE
STOCKS WITH APPROPRIATE HAIR CUT YOU DON'T REQUIRE ANY FORM OF CASH MARGIN
IF YOU CANNOT HANDLE MARGINS ITS BETTER TO ACKNOWLEDGE RATHER THAN MAKING YOUR OWN MARGIN RULES AND TELLING US THAT THEY ARE RULES SET BY EXCHANGE
BASICALLY THE TRUTH IS YOU PEOPLE DON'T WANT ANY HEADACHE AND WANT 20 RS PER TRADE AND YOU ALSO KNOW 90 % OF THE TRADES WILL NOT BUY 100 LOTS IN ONE GO EVEN IF YOU PAY THEM 20 RS PER ORDER FOR TRADING
ONE THING THOUGH I AGREE WITH MY FELLOW MEMBERS ON THE FORUM IS
THAT OTHER BROKERS AND SO BAD AND GREEDY THAT YOU GET APPLAUSE'S EVEN THOUGH YOU ARE YET TO PROVIDE BASIC MARGINS , A VERY BASIC TRADING SOFTWARE ,BASIC COURTESY CALL BEFORE SCREWING UP A TRADERS POSITION :rofl: ect ect
ITS IS NOT SO EASY TO CHANGE THE PHRASES SAID BY THE OLDER GEN RATION THAT{MENGHA ROYE EK BAAR SASTA ROYE BAAR} I WAS WONDERING EVEN IF ONCE A YEAR MY POSITIONS IS SCREWED UP BY YOU PEOPLE I WILL LOOSE MORE THAN I WILL SAVE IN BROKERAGE AND ITS NOT ONCE A YEARS ITS MARKETS THESE THINGS KEEP HAPPENING EVERY 15 DAYS OR SO WHERE I AM SHORT OF MARGINS HERE AND THERE AND I CORRECT MY POTIONS IN NO TIME WHEN I GOT A CALL FROM RMS OF RELIGARE THEY ARE NOT SQUARED OFF
MAYANK