loader2
NRI

How can we help you ?

Choose the category to find the help you need

    Announcements

    Rollback of Direct Payout of Securities in MTF: What You Need to Know - Shares bought in MTF will not get auto-pledged...
    Read More
    Will any Margin get debited if I have taken the positions by blocking shares in my Demat Account?
    Yes, the margin will get debited in any of the following scenarios : a) In case the total margin required on your total open positions is met by the blocked shares alone, in such case no funds would be debited as margin from your account even if there are idle funds lying in your linked bank account. b) In case the total margin required on your total open positions is partially met by the blocked shares, in such case the balance required margin amount at end of day shall get debited from your linked bank account. c) In case there are no blocked shares in your account, then the entire required margin amount at end of day shall get debited from your linked bank account.
    What forms of Margin are acceptable for taking futures and options positions?
    For futures and options positions, margin can be given in the following forms: a) Cash (by way of allocation of funds from your bank account) b) Specified securities (by way of blocking securities allocated from your Demat account in favour of ICICI Securities).
    On what positions would the Margin be debited?
    The Margins would be debited on Futures buy open positions, Futures sell open positions and Options sell open positions.
    When will the Margin be debited from my linked bank account?
    The Margin shall be debited from your linked bank account at end of the day from your FNO allocation to the extent of limit utilized after adjusting shares margin available.
    When can the blocked margin get released?

    At End of the day.

    Can I withdraw the margin during the day?
    Yes. You can withdraw the margin amount between Monday to Friday - till 07:00 pm.
    How do I withdraw my Margin amount lying with ICICI Securities?
    To withdraw the deposited margin amount with ICICI Securities, you need to place the release margin request to the extent of free margin available through the link available on the "I-Sec Margin Details" page on the FNO section of I-Direct web site. The same can be done under the following scenarios: a) By blocking additional shares lying in your demat account up to the extent of margin required. b) By squaring off the open positions. The released margin amount will immediately get credited to the FNO allocation of your linked bank account. In case if there is no margin withdrawal request placed in your account, the excess free margin available with ICICI Securities at end of day would be credited to your linked bank account on the same day. To illustrate, On T-1 day, Rs.100000 margin was required on your total open positions (Rs.60000 as shares and Rs.40000 cash debited from your allocation and kept in I-Sec Margin account) and supposing on T day eod, the new margin requirement is Rs.90000. At the same time suppose you have blocked 50000 as shares as margin on T day itself. In such case, system would release (credit) 40000 cash in your bank allocation.
    Where can I see the Margin amount debited from my savings account?
    You can see the Margin amount on the FNO limit page under I-Sec Margin amount in your trading account.
    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 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 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.
    What is the maximum exchange specified Clientwise limit allowed in F&O segment?
    Exchange has specified client level position limit for each underlying/Index. In case client has breached the exchange specified clientwise position limit then exchange will charge penalty or may take any other action. Hence, if client breaches the exchange specified clientwise position limit, then I-Sec will square off the excess position on best effort basis even if the client has sufficient margin on excess position. Kindly note that the primary responsibly will remain with the client only to not exceed the exchange specified client level position limit. Kindly note that in case exchange charges any penalty in this regard, then the said penalty amount will be passed/recovered from the client.
    Will I be able to use the value in the 'Withheld Profits' column for taking positions on next trade date?
    Yes, the 'Withheld Profits' amounts will be added to your current limits on next trading day if the pay-out date is equal to or less than the next trade date.
    What is 'Withheld Profit' amount and when will this amount be released in my limits for further use?
    As per the regulatory requirement, Futures & Options profits that are booked but unsettled (i.e. payout/credit of funds is yet to be received), cannot be used to take further exposure as margin till the time they are settled by regulators. Accordingly, such cumulative net profit amount after adjusting the losses for that day across all products is withheld from your current limits. In case there is a cumulative net loss for the day post adjustments of all unsettled profits and losses then there will not be any amount withheld from limits till you make cumulative net profits which are unsettled. You can use this withheld amount for taking further exposure once the 'Withheld Profit' amount is released/added to your current limits which is done after the EOD processing when the next trade date is greater than or equal to the funds payout date.
    What is the significance of this 'Withheld Profit' amount in trading?
    You will not be allowed to use the 'Withheld Profit' amount as limits for taking further exposure*, till this amount is settled. *Further exposure would mean any new orders/positions or any actions requiring add margin against your existing open positions across all products under Futures and options.
    Where can I see this 'Withheld Profit' amount?
    You can go to the website www.icicidirect.com and visit the 'Limits' page under 'F&O' section to view the field 'Withheld Profits' to know if any unsettled cumulative net profit amount is withheld.
    When will the withheld profit amount be settled/released/added in my limits? What all amounts would be used to calculate cumulative net profits or losses?
    If there is a cumulative net profit amount which is unsettled then such amount will be withheld and will be released/added in your limits once the profits are settled or when the next trade date is greater than or equal to the pay-out date for the profit amount, whichever is earlier. All during the day or end of day profits or losses across all products in F&O including premiums receivable or payable for Option product will be adjusted to arrive at the cumulative net profit/loss amount.
    Whether profit/ loss of all Future and Options products will be impacted?
    Yes, profit/ loss across all Futures and Options products will be impacted and considered while arriving at the withheld profit amount which is unsettled.
    How will the withheld amount be calculated during the day and end of the day?
    During the day: All profit amount along with the premium amount receivable shall be added and all losses along with the premium amount payable shall be deducted to arrive at the withheld profit amount. End of the day: On similar lines of during the day adjustments mentioned above, end of day profits in case of Future & options like EOD MTM profits, exercise profit etc. which are yet to settled with actual pay-out will be considered for arriving the withheld amount post adjustment of end of day losses like EOD MTM, closed out, assignment etc.
    What if I have profit in the first trade and I want to place another order, can I use that profit to palace another order during the day?
    No, if you have profit during the day which are unsettled and pay-out is not received from clearing house then you cannot use that profit for placing the second order. You can place another order after brining in sufficient limits (through funds or securities) under F&O.
    Can I use withheld or unsettled profits to add the margin requirement for my positions during the day?
    No, you cannot use the unsettled withheld profit amount if there is any margin requirement on your existing positions during the day. You will need to allocate sufficient funds or securities limits under F&O for this purpose.
    Can I use the premium receivable from the Option trades which are unsettled and withheld to place another order under F&O?
    In case the premium receivable during the day results in cumulative net profit after the above mentioned adjustments then this amount will be withheld and will not be allowed to be used for placing fresh orders across all products under futures or options.
    Will there be any amount withheld if there is a cumulative net loss?
    No, there will be no amount withheld in case there is a cumulative net loss after all the adjustments mentioned above.
    When will the 'Withheld Profits' get released in limits?
    Any 'Withheld Profits' on T day will be released after EOD processing, in case the next trade date and settlement/payout date is same and in case there is a holiday then the 'Withheld Profit' will be release in your limits when the next trade date is equal to or greater than the Settlement/Pay out date.
    What happens if the cumulative net amount at any point is Negative or Zero?
    If the cumulative net amount arrived at any point in time is Negative or zero, then in that case there will be no 'Withheld Profits' amount in your limits.