In whichever form the margin is provided to IIFL, is there any impact on Delayed Payment Charges?
In Equity Derivative Segment and Currency Derivative Segments IIFL is allowed to accept approved securities from clients for margin purposes. However, IIFL can lodge their own securities only to the Clearing Corporation and not the clients’ securities. Where Member has accepted securities with appropriate hair cut for margin purpose, but has to deploy his funds for meeting margin requirements of the client at the Exchange / Clearing Member, IIFL may levy interest or delayed payment charge on debit balance.
Example:
| Sr. No. | Particulars | (Rs.) |
|---|
| A | Ledger Balance | -75000 |
| B | Total Derivative Margin | 100000 |
| C | Clear Ledger Balance after Margin Reversal {A + B} | 25000 |
| D | Collateral Available (After Haircut) | 150000 |
| E | Required Margin - Cash Component {B*} | 50000 |
| F | Benefit for Excess Non-Cash Component | Nil |
| H | DPC applicable on Balance {E-C-F} | 25000 |
*This proportion is based on the % at which margin is payable by Broker to Clearing Member/ Clearing Corporation, presently fixed @50% in cash & cash equivalent.
Related Articles
How to get Margin Pledge Request form for margin purpose?
Please note soft copy of Margin Pledge Request form available on IIFL website (https://ttweb.indiainfoline.com/ - Download Form and Formats). Client has to fill all the details in Margin Pledge Request form for margin purpose. Pledgee demat account ...
How to get Margin Pledge Request form for margin purpose?
Please note soft copy of Margin Pledge Request form available on IIFL website (https://ttweb.indiainfoline.com/ - Download Form and Formats). Client has to fill all the details in Margin Pledge Request form for margin purpose. Pledgee demat account ...
Where do client can check delayed payin charges detail?
Client can check delayed payment charges by following below steps: > Go to https://ttweb.indiainfoline.com/Trade/default.aspx > Go to My account. > Select charges. > Select interest on delayed payin charges. > Select period for which you want to ...
Where I can check BNPL and DPC interest charges report.
To view your client's BNPL and DPC interest charges, Please log in to AAA, go to Reports, select Individual Clients then click on others and then select Interest on Delayed Payment to view report.
When will I be charged the Delayed Payment Fee (DPC)?
Delayed Payment is levied to the clients who have a debit balance for more than 1 day in Cash Segment and T day in F&O Segment. (T day means the day you trade).