Will intraday leverages offered on derivatives also change post the new SEBI circular on SPAN+Exposure collection?
Intraday leverage on Derivatives, offered by all Brokers has been increased due to the SEBI circular mandating collection of SPAN + exposure margin for Equity Derivatives.
For MIS orders -
For Index futures & option writing, the margin required is 35% of the NRML margin.
For Stock futures & option writing, the margin required is 45% of the NRML margin.
For BO/CO the margin required has been increased from 1% to 2.45% of the contract value.
For Index Futures, the margin required is 1.45% of the contract value.
Refer to this post on TradingQ&A for more information.