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Can a Member deposit securities towards Initial Margin requirement?

April 26, 2017deposit initial margin requirement securities

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Can a Member deposit securities towards Initial Margin requirement?

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Yes. Securities can be contributed towards Initial Margin requirement subject to maintenance of minimum initial margin of Rs 1 Lac in the form of cash. Presently, system cannot recognize securities towards initial margin and hence the deposit of securities is accounted in BL. But, trading system adjusts internally such BL towards IM requirement of members.