How DPC is being calculated for Trading Balance ?

How DPC is being calculated for Trading Balance ?

1.      DPC will be calculated on clear trading ledger debit balance considering unsettle Cash & FO bills

2.      SPAN debit will be adjusted up to the  collateral benefit. If IIL Debit 100000, SPAN 125000, Collateral 90000 then  net debit would be 10000 & if collateral is 100000 then debit will be Zero

3.      DPC will be levied on 50% Cash and 50% Non Cash margin

4.      Net Settled Debit will include previous day interest also

5.      Interest will be charged on Net Settled Debit.

6.      For example check the below table

Client Code

ABC

Derivative Margin

125000

Trading Balance  ( a )

-100000

Collateral Value FD BG

90000

Collateral benefit  ( b )

90000

Final Trading Bal  ( a + b = C )

-10000

Unsettled Cash Segment Debit Bills  ( d  )

1000

Unsettled FO Segment Credit Bills  ( e )

-2000

Cash Margin  ( f )

-5000

Net Settled Debit  (  C + d - e -  f = J )

-16000

Trading Interest (16000 * 18% / 365)

7.89

 

7.      For BNPL clients, previous day BNPL funding will be added in Net Settled Debit

8.      Margin trading interest will be levied on BMFD debit balance.

    • Related Articles

    • How DPC is being calculated for Trading Balance ?

      1. DPC will be calculated on clear trading ledger debit balance considering unsettle Cash & FO bills 2. SPAN debit will be adjusted up to the collateral benefit. If IIL Debit 100000, SPAN 125000, Collateral 90000 then net debit would be 10000 & if ...

    • How DPC is being calculated for Trading Balance ?

      1. DPC will be calculated on clear trading ledger debit balance considering unsettle Cash & FO bills 2. SPAN debit will be adjusted up to the collateral benefit. If IIL Debit 100000, SPAN 125000, Collateral 90000 then net debit would be 10000 & if ...

    • How running account amount is calculated before releasing the final payout?

      In case you have any open position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, IIFL may retain funds calculated in the manner specified below: Outstanding pay-in obligation/Debit balance at the ...

    • Why is 'Withdrawable Balance' displayed in the Withdraw Funds section different from 'Available Margin'?

      Clients have to account for the following scenarios when the client displays its withdrawable balance. It is essentially available margin minus the provisioning for deductions for the below-mentioned scenarios - 1) If a client has sold shares, it ...

    • What is Algo Trading?

      Algo Trading is also known as Algorithmic Trading or Black Box Trading. It has many different names as well. It is a process of executing programmed orders by putting in a few conditions using parameters like open, high, low, close, and volume.