Why are there additional entries in my statement/Ledger/Bank Account?
In Case Peak Margin is debited by customers during market hours.
In case of Customer debiting the peak margin by using Debit Peak Margin Now option in I-Sec & Peak Margin Details tab in F&O section , the peak margin amount will be instantly debited and credited.
In case Peak Margin is debited by I-Sec at End of Day Processes.
Irrespective whether you have debited Peak Margin during market hours the same will be debited by the I-Sec at EOD. Peak Margin amount will be debited in I-Sec Peak Margin Debit process and the subsequent process will credit/debit back the extra margin amount, if any, in comparison to actual peak margin to be debited for you. Depending upon the nature of transactions carried out there will be corresponding entries of peak margin debit and credit. However, original single Pay-in / Pay-Out entries will continue to appear as per existing practices for obligation settlement.
Why am I not able to de-allocate from F&O cash allocation and I am getting an error pop up as 'Debit Peak Margin Now'?
As per the regulatory requirement, Peak Margin amount during the market hours is required to be collected from all the clients. All Bill to Bill Settlement model customers having any margin event under F&O segment on a particular trade date will have the peak margin amount blocked in their F&O cash allocation. In cases where peak margin amount is blocked from your F&O cash allocation,
the same cannot be de-allocated until the peak margin amount is debited for the day. Once the peak margin amount is debited only then surplus free limits/funds available as allocation, if any, can be de-allocated by you. In order to avoid the error of de-allocation, you can also debit peak margin amount by visiting Debit Peak Margin Now option on I-Sec & Peak Margin Details page under F&O section or you can get redirected to this page by clicking Debit Peak Margin Now option in the pop up message if displayed while deallocating funds. In case you have not debited the peak margin amount then the same will be debited at the End of Day (EOD) process by I-Sec on best effort basis and available free limits in allocation, if any, can be deallocated. Also, in case you have squared off your position(s) intraday where peak margin is not required to be carried forward the peak margin amount debited will be credited in the EOD process by I-Sec after the adjustment required for EOD margins i.e. I-Sec Margin required to be debited or credited for that trade date.
Why is my Peak Margin amount higher than value of Executed Order(s)/Open Position(s)?
Customer's maximum limit utilized for the Trade Date is considered as Peak Margin amount. Peak Margin Amount once calculated doesn't get reduced for the Trade Date (including cases of Limits released by order status change). e.g. Once customer places the order the limit gets utilized and considered in calculation of Peak Margin. Then even if this order gets cancelled/rejected/position is squared off and limits are released but Peak Margin Amount won't get reduced for that Trade Date.
Why is my Peak Margin amount showing positive value instead of zero even though there are zero trades placed during the day ?
In case you have carried forward open marginable position from previous trade date then the peak margin column will display the total margin amount utilized to maintain those positions even though there are no trades placed on trade date. However, the actual peak margin for that trade date will be displayed in Peak Margin to be debited column which will be updated only when any fresh trade occurs for the day.
Will I be able to place orders in any Options contract for stocks underlyings on expiry day?
You will able to place order in enabled option contracts however I-Sec at its own discretion may disable ITM and few OTM Options contract for stocks underlyings on normal expiry day or adhoc expiry day. Such disablement criteria can be changed according to prevailing conditions in the market. Since there is a risk that these may become ATM/ITM and liable for physical delivery and due to risk of illiquidity positions may go for delivery even without customers intention.
Will I be able to square off my existing position in (ITM, OTM & ATM) contracts if the stock underlyings Option contracts are disabled on expiry day?
Yes, you will be able to square off all your existing open positions even though the stock underlyings Options contracts are disabled for trading.
What will happen to the existing position which is open on the adhoc expiry day?
You will be allowed to square off your existing position or give intention for delivery for such open position. However, if client has not given intention for delivery for such stock underlying position and if sufficient funds / shares are not available in client's account after giving delivery intention then such open position will be attempted for square off through system on set time on such adhoc expiry day.
Will I be able to take positions in stocks Options contract on its adhoc expiry day?
On adhoc expiry all near, mid & far month contracts are expired and may be disabled at discretion of I-Sec. All ITM and few OTM which may become ATM/ITM due to volatility may be disabled for trading (at discretion of ICICI securities) and no fresh positions will be allowed if contracts are disabled.
Will there be any changes in Options EOS process for square-off?
Yes, I-Sec may run Options EOS for square-off separately at different set time for long options and short options positions or at one go for all Long and Short options positions. Such square off to run separately or together for long and short options positions will be at the discretion of I-Sec.
Will there be any changes in Options EOS process for cancellation?
Yes, I-Sec at its discretion may run Options EOS for cancellation separately or at one go for all Long and Short pending order.
How frequently will Long & Short EOS process be run?
EOS Process will be run at specified time on normal expiry day or adhoc expiry day. However, if there is drastic change in prevailing market conditions then such EOS time may be preponed to run early than specific time to avoid further risk to clients.
Can I claim from I-Sec if I have incurred a huge loss in the restricted stock underlying and I am not able to average out my losses by taking fresh positions in the same on normal expiry or adhoc expiry day?
On normal or adhoc expiry day restriction to trade in ITM/ATM/OTM is at discretion and notional losses cannot be claimed against I-Sec due to such restriction.
What will happen if the positions does not get square-off in the EOS Process and remains open after expiry?
If your stock positions does not get square-off in the EOS process and remains open after expiry then I-Sec at its discretion could try and close the position with best efforts basis by using other measure deemed necessary like DNE (Do Not Exercise), hedging etc. to avoid physical delivery.