How do you calculate additional margin required for margin buy positions which come into the Intra-day Mark to Market loop?
Additional Margin for positions that come in the Mark to Market loop is calculated in two phases as follows: In phase one, if Available Margin is less than Minimum Margin, Additional Margin is calculated as: Amount Payable – (Available Margin-(Available Margin*IM%)). Here IM%= Margin% defined for the scrip on the Stock List page in Equity Section. The system will try and block this Additional Margin from the free limits. In case free limits are not available or the limits are not sufficient to meet the Additional Margin requirement, the position gets into square off mode and the intra-day mark to market process enters the second phase. In case there is limit available then limits will be blocked against the position requiring maximum additional margin in that scrip and the limits blocked will reduce the Amount Payable to the extent of limits blocked.
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