uTrade AlgosAt Share India, our goal is to ensure a smooth and secure Margin Trading Facility (MTF) experience for all clients. To protect investors from excessive risk and to comply with regulatory norms, our Risk Management System (RMS) may automatically square off MTF positions under certain circumstances. Understanding these conditions can help you manage your trades more efficiently:
Margin Shortfall Not Replenished
- Clients receive daily email updates with full details of their MTF positions, available collateral, and applicable margin status.
- If there’s a shortfall in margin and it remains unresolved even after margin calls, the position may be squared off to prevent further exposure.
- During periods of high volatility, margin requirements may need to be addressed on shorter notice as per RMS guidelines.
Stock No Longer Eligible for MTF
- The list of stocks eligible for MTF is reviewed and updated regularly.
- If a stock held under MTF becomes ineligible for any reason, you’ll be required to square off the position within 10 working days.
- This helps ensure compliance and keeps your portfolio aligned with MTF guidelines.
Corporate Actions
- For events, such as bonus issues, mergers, or demergers, certain MTF positions may need to be squared off before the stock’s ex-date, as announced by the exchange.
To keep everything in order and avoid unexpected position square-off, we encourage you to regularly check the margin status and comply with regulations as mentioned above. This will help ensure your positions are well-maintained and you have control over the square-off timings of your trades.
For any questions or assistance, feel free to reach out to Share India’s support team at support@shareindia.com or call us at 1800 203 0303.