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    Shares As Margin

    Why the limit arising out of securities deposited as margin changes every day and sometimes during the day also?
    This is because it is dependent on the valuation of the securities deposited as margin. The F&O and Equity limits arising out of securities deposited as margin is arrived at as the summation of : (Quantity of the stock deposited * Valuation Price of the stock ) * (1 - Haircut% for the stock) Generally, the closing price of a stock on the previous day is specified as the valuation price. Hence, the limit arising out of securities deposited as margin is recalculated every day when the new closing price for the securities is received. Limit may also change on account of changes in haircut% effected by ICICI Securities. In some cases, the above changes may be carried out during trading hours also. These may lead to either an increase or a decrease in the limit arising from securities deposited as margin. ICICI Securities also reserves the right to withdraw the limit arising from any one or more of securities deposited as margin without assigning any reason. Where the limit arising from securities deposited as margin reduces on account of the above, the margin available against the F&O and Equity positions/orders is reduced from any one or more positions/orders at the discretion of ICICI Securities. This may result in some positions having less than the minimum margins in case of futures positions leading to square off of the futures positions/cancellation of the orders. The trigger price for squaring off the option positions is also recalculated leader to earlier squaring off of option positions/cancellation of option orders. Therefore, where you have taken F&O and Equity positions on the basis of limits arising from securities deposited as margin, you are advised to track the prices of such securities closely and ensure that sufficient margin is always made available for the positions/orders.
    What is Shares as Margin facility? Why do I need Shares as Margin facility? How does Shares as Margin work? What forms of Margin are acceptable for taking F&O and Equity positions? When should cash be made available for settlement dues? What happens if cash is not made available for any settlement dues? How do I revoke securities pledged as Margin? After revocation of pledge, by how much do limits decrease? What happens to the securities on revocation of pledge? How do I deposit Securities as Margin? Can I deposit any security lying in my demat account as Margin? On depositing securities as margin, when do limits become available there against? After depositing securities as margin, by how much do limits increase? Where can I view all securities deposited as margin? What does "Pledge & Allocate to Equity", "Pledge & Allocate to F&O" on the 'Pledge & Create Limit' page mean? What happens to the securities pledged as margin? How does ICICI Securities go about selling my pledged securities in case I do not make cash available for any settlement dues? For a given shortfall which is less than potential sale proceeds of the entire securities deposited as margin, how does ICICI Securities determine which of the deposited securities to sell and how much ? Can I also sell securities pledged as margin for eg. In case prices of the securities are going up? Are there any separate charges for the above transactions? Can I place revocation and invocation of pledge requests simultaneously for the same scrip on the same date? Can I place multiple revocation of pledge requests against the same scrip on same date? How the delivery towards sell of SAM (Shares As Margin) Funded shares will be effected? How does "Pledge & Allocate to NWB", on the 'Pledge & Create Limit' page works on 'ICICIdirect - Stock, F&O, MF' & 'Traderacer'? If I unpledge a security, how long does it take to get unpledged so I can sell the shares? How do I pledge shares as margin for trading in futures on ICICI Direct? Can I utilize Shares as margin limit for my Option Buy (Call/put) open position? Is there any interest charged under iVALUE for using Shares as Margin in the Derivative segment? What happens if my pledged shares are not utilized for shares as margin? Will I be informed before my shares are being unpledged? Can I take any position using Shares as margin in F&O? What if I have open positions in Equity / F&O / Commodity while the system tries to unpledge my shares? What if I need to pledge the same shares again which got unpledged earlier due to periodic unpledging?
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