What do the entries in Margin Trading Facility (MTF) ledger mean?

The funds statement or ledger is divided into two parts: the Equity (EQ) ledger and the Margin Trading Facility (MTF) ledger. Each records different transactions but works together to track margins, obligations, and charges for MTF. Here's how the entries are recorded and what they represent:

Entry	EQ ledger	MTF ledger	Explanation
Net Settlement for Equity	Records contract note charges and P&L for MTF buy and sell trades based on the settlement number along with charges and obligations for any other CNC/MIS order as usual.	Not recorded.	Charges for equity trades are tracked in the EQ ledger, while the full buy value is separately recorded in the MTF ledger.
Gross Obligation for MTF	Not recorded.	The full value of the MTF buy is debited and the buy value is reversed upon selling MTF holdings in the MTF ledger.	This entry reflects the gross obligation of the MTF trade, showing the total MTF buy value.
Initial Margin Blocked for MTF	Margin requirement (e.g., VAR + 3/5 ELM) is debited in the EQ ledger.	Not recorded.	The EQ ledger reflects the margin blocked for the trade.
Initial Margin received for MTF	Not recorded.	Margin requirement (e.g., VAR + 3/5 ELM) is credited in the MTF ledger.	The MTF ledger credits the margin to reflect its use in the MTF account.
Initial Margin Reversed for MTF	Blocked margin is credited back and displayed in the EQ ledger when the MTF position is closed.	The initial margin credited on the day of the MTF purchase gets debited from the MTF ledger when the position is closed.	When the MTF position exits, the blocked margin is reversed and credited in the EQ ledger, and the corresponding amount is debited in the MTF ledger.
MTM Loss Margin Blocked for MTF	Daily MTM loss margin is debited in the EQ ledger based on the buy average.	Daily MTM loss is credited in the MTF ledger.	Reflects daily MTM losses moved from the EQ ledger to the MTF ledger.
MTM Loss Margin Reversed for MTF	Previous MTM loss is credited back and displayed in the EQ ledger upon reversal.	MTM obligation debited from the MTF ledger upon reversal.	When MTM losses are settled or reduced, the amount is credited back in the EQ ledger and debited in the MTF ledger for reconciliation.
MTF Pledge Charges	Shows charges only during the pledge creation for the MTF trade in the EQ ledger.	Not recorded.	Pledge-related charges are recorded only in the EQ ledger.
Interest for MTF Funded Value	Interest for the MTF-funded value is debited and displayed on EQ ledger on specific dates.	Not recorded.	This entry reflects the interest charges for using MTF funds, which are recorded only in the EQ ledger.

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