Here are the key terms and how their values are calculated on your Kite dashboard and funds page:
- Available margin (Cash + Collateral): You can use this amount to place new trades. This includes pledging collateral benefits, premium received from shorting options, funds you added during the day, realised profits and losses, and unrealised losses.
- Used margin: The amount used for your trades during the day, including funds for purchasing instruments, option buying, intraday equity and F&O losses. This also includes blocked amounts for open orders. This field shows negative if you generated funds by selling holdings or closing long options positions.
- Available cash: Your current cash balance. If this balance is negative, you will be charged 0.05% per day or 18% per annum as interest on the debit balance.
- Opening balance: The cash available in your trading account at the beginning of the day.
- Payin: Funds you added during the day.
- Payout: The amount processed for withdrawal.
- SPAN: Exchanges use Standard Portfolio Analysis of Risk (SPAN) to calculate risk and margins for F&O portfolios.
- Delivery margin: Additional margin blocked for F&O positions due for physical delivery or MCX contracts close to expiry.
- Exposure: Exchanges charge this margin over and above the SPAN margin to cover risks that SPAN margin may not cover.
- Option premium: The total amount you paid to purchase options. This value will be negative if you received funds for shorting or writing options.
- Collateral (liquid funds): Amount received from pledging Liquidbees ETFs or liquid mutual funds that you can use for trading.
- Collateral (equity): Amount received from pledging shares or ETFs that you can use for trading.
- Total collateral: The sum of liquid funds and equity collateral.