Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Dear Zerodha
could you interpret the Daily client margin statement, coz i'm lost in the numbers.... they don t add up. definitely i'm missing something here.
could you interpret the Daily client margin statement, coz i'm lost in the numbers.... they don t add up. definitely i'm missing something here.
T-1 day Balance : The balance as on Trade - 1 day . For eg. If the margin statement is dated 13th October, T-1 day balance implies balance as on 12th October.
Shortage : Shortage implies if there has been any shortage of margins for positions carried forward by you.
Margin Utilized : Implies the margin utilized, if any for cash segment.
T Day Debits : Debits on account of DP charges or any other statutory charges other than shown on Contract Note.
T Day Credit : Credit on client account with respect to anything other than the credit shown on Contract Note.
T Day Bill : Profit/Loss posted on the ledger on account of the trades initiated by the client.
The same logic would apply for F&O Segment as well.
Important Points to Note while analyzing the Statement :
T Day credits are not considered for the purpose of margin reporting.
T Day debits are considered on the same day.
T Day Credit for Equity is realised on T+2
T Day Credit for F&O is realised on T+1
Hope this clarifies on the purpose of sending you the Margin Statement.
Give a buzz, we can help you understand this better...
Sorry for missing the post!!!
1. You get something called a PC-SPAN CD from NSE for calculating margins on writing options... We have been trying to put a formulae and put it on an excel, finding it difficult... If any of you have a tool, please do share....
2. If you are writing nifty options, the general idea is: If SPAN on nifty is 19k, for out of the money options it can go as low as 8k... So if you are writing 5400 calls today , the SPAN required will be only around 8k as it is OTM... Exposure margin remains the same of around 7 to 8 k for nifty...
Today if you are writing 5400 calls(@0.95), you need around 16k( 8k for span and 8k for exposure)... 5300 calls also around there... 5200calls around 17.5, 5000 calls around 27000 because it is in the money....
3. No margin benefit for the position you have mentioned. Margin benefit is given only for calendar spreads. So if you write this month 5300 calls and buy next month 5300 calls, you need margin only on one side...
You can use the whatif analysis to figure out your margin requirements... The only issue is that till 3pm, it will be showing 40% of the margin required for keeping it overnight... So if you use whatifanalysis and see that margin required is 10k at 1pm, the margin required to keep it overnight will be 25k...
Hopefully this clarifies... But we are hoping to have a tool for this soon...
Cheers...
1. You get something called a PC-SPAN CD from NSE for calculating margins on writing options... We have been trying to put a formulae and put it on an excel, finding it difficult... If any of you have a tool, please do share....
2. If you are writing nifty options, the general idea is: If SPAN on nifty is 19k, for out of the money options it can go as low as 8k... So if you are writing 5400 calls today , the SPAN required will be only around 8k as it is OTM... Exposure margin remains the same of around 7 to 8 k for nifty...
Today if you are writing 5400 calls(@0.95), you need around 16k( 8k for span and 8k for exposure)... 5300 calls also around there... 5200calls around 17.5, 5000 calls around 27000 because it is in the money....
3. No margin benefit for the position you have mentioned. Margin benefit is given only for calendar spreads. So if you write this month 5300 calls and buy next month 5300 calls, you need margin only on one side...
You can use the whatif analysis to figure out your margin requirements... The only issue is that till 3pm, it will be showing 40% of the margin required for keeping it overnight... So if you use whatifanalysis and see that margin required is 10k at 1pm, the margin required to keep it overnight will be 25k...
Hopefully this clarifies... But we are hoping to have a tool for this soon...
Cheers...
last 2 days im having a problem in NOW.till 2.00 pm im trading from my shop pc.after that i log off and go home and trade from my home in laptop.and there in that laptop my orderbook and trade book is not showing up anything. i asked zerodha in messenger and he asked me to go to tools.general.reconsile.then it shows trades.and when i logoff and login again nothing shows up.why?and when i ask them about that they ask me to call them.in good old days they will call us and rectify any problem with TEAMVIEWER. within minutes.now they are not feeling happy to help?
Every time you log on and off, even if you are disconnected due to internet disconnection, you HAVE to reconcile. Its necessary. A bit of an issue, sometimes irritating, but cant help it. It sometimes freaks me out. In fact, before I close for the day, I reconcile again, just to make sure some order is not pending... and then log off. I dthink, this should be a best practice point for closing the trading day.
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