What happens to the securities deposited as margin?
The securities deposited will subsequently be pledged in favour of ICICI Securities in due course. When you make a deposit, a separate request is created to pledge each security. The status of these requests can be tracked in the ‘Request Book’ sub-link under the ‘Shares as Margin’ link in the F&O section. Till such time that the pledge creation is actually initiated by ICICI Securities on your behalf (i.e. the status changes from ‘Requested’ to ‘In Process’ status), the requested quantity appears as ‘Quantity Blocked’ in the ‘Deposited Securities’ page in the F&O section and as ‘Blocked for Margin’ in the ‘Demat Balance’ page in the Equity section. In case you make a further deposit of the same security before the pledge request is initiated on your behalf (i.e. is in ‘Requested’ status), only the pledge request quantity is increased instead of creating a new pledge request. Once the pledge creation is initiated on your behalf (i.e. the status in the Request Book changes from ‘Request
Related Questions
- What happens if someone takes a margin balance, then the value of securities drops not only below the 30% maintenance margin requirement but also below the $2,000 minimum equity?
- Immediately on depositing securities as margin, by how much do limits increase? Where can I view all securities deposited as margin?
- What happens to the securities deposited as margin?
