Why was my open position squared off even though I have the required SPAN margin for the trade?
The new
SEBI circular
and the
NSE circular
mandates brokers to collect the complete
SPAN + Exposure
margin, as opposed to only SPAN margin, to carry forward Futures and Options positions to the next day. Check out
this
post on TradingQ&A for more information.
If you do not have the full margin required to carry forward the position(which can be found using the
margin calculator
), you will be charged
margin penalty
by the exchange and your position may be squared off by our RMS team.
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