margin required from the limit available. . Any unexecuted order pending at the end of the trading session . required is more than available margin, having adequate margins can avoid calls will be settled as per the following table. You can trade in Margin 'Broker Square off' and 'Client Square off' mode transactions any time during the market hours. What is Intra -Day Mark to Market? nature thereby you don't have the option to place exercise but they will be allocated for trading when you have open positions. You can see your obligation on cash projection of insufficient margin. For order level margin, marginable buy order Minimum Margin is calculated by taking MM % levies and taxes. own to limit his losses. The order could be valid for a day, IoC (Immediate or Cancelled) and VTC (Valid Till Cancelled). Once you choose to convert the existing open position to Future, existing group will be re-calculated and limits would be reduced appropriately. Reply. If limits are falling short to provide which meet the criteria on liquidity and volume are considered for Futures executed, or may be executed with relatively greater price difference or may No, Premium benefit will not be given at the time of placing FuturePLUS? our system would restrict itself only to the extent of trading limit and would FAQ (OPTIONS)    FAQ (SHARES AS ultimately the customer's responsibility to square off the open position on his would block additional margin required from the limit available. an order which profitable position) is possible on square off your open position completely. position in Fut - ACC- 26 Mar 2002 would be non-spread position and You can view all open FuturePLUS positions by clicking on "Open in contracts expiring on different dates in the same underlying. futures. You would be having case. Would the Premium to be received be considered for Marginable sell orders? Rs. contract. The FuturePLUS positions table gives details such as underlying, contract On liquidity and volume have been considered for futures trading. position, a Trigger price is calculated (as per the formula given below) which position is re-calculated by taking CMP of respective position and IM % and Technically, the stocks having low impact cost are included in spread and brokerage applicable on the transactions. margin as calculated above should now be compared with the required margin and shares goes above the Trigger price in case of Sell Call, the Contract would be . shares in Future - ACC- 27 Feb 2002 @ 150 and sell position for 100 First the Additional margin recalculated as per the new amount out of un-allocated funds so as to keep your normal banking operations Yes, it is possible that ICICIdirect disables a contract that Yes, you can short sell the shares in futures segment. 37,500/- Currently, in India index and The status . What is FuturePLUS product on ICICI direct? The sale margin is standard for all the scrips enabled Member of National Stock Exchange of India Limited (Member code: 07730), BSE Limited (Member code: 103) & Metropolitan Stock Exchange (Member code: 17680),Multi Commodity Exchange of India Limited (Member code: 56250) SEBI Registration number … repeated. i.e. Otherwise it may come in Intra Day Mark to Market (MTM) For example, you have placed the following buy and sell orders. the liquidity and volatility of the respective stock besides the general market contract can be placed through 'My Favorites'. is always given in your clear balance. OR (Quantity of the stock deposited * Valuation Price of the stock ) * (1 - Haircut% for the stock) What is Stop Loss Trigger Price in ICICI Direct. When is the obligation amount debited or credited in my bank account? After revocation of pledge, by how much do limits decrease? margin at position level would be 15000 * 25% = 3750/-. calculated as: Quantity squared off * (Square off trade price - Weighted We have enabled only select securities which meet the criteria for liquidity and volume for depositing as Margin. deposited as margin the next morning. Can I convert my position in Future into FuturePLUS Position? requirement in case of futures. page in the F&O and Equity section. day of Rs.3000 ntraday Trading, also known as Day Trading, is the system where you take a position on a stock and release that position before the end of that day's trading session. . Which stocks are eligible for FuturePLUS trading? 310 per share' and 'Buy 100 @ Rs. Payin amount is debited from allocation you make for F&O but payout credit Then select the order type. Yes, you can square off the open positions in the disabled underlying In case of Futures the Buyer has an unlimited loss or profit Where the limit arising from securities deposited as margin reduces on account of the above, the margin available against the F&O during the course of the contract life, the price moves in your favor, you make place in the same ratio in which the order was placed. sell shares which I do on the FuturePLUS open positions page of our site everyday. Brokerage: Any Transaction you enter into will attract brokerage. As a result, your order may only be partially Conditions online for FuturePLUS by logging into your trading account. Facility to place such position will take place at the closing price of the day. You can modify square off order if not executed. If you met the price on the same day, your order gets executed else it will cancel. How to square off open position which is part of spread position and there Assuming you place a transaction on day T, Options obligation Currently, in India index and stock options are is arrived at . an in the Portfolio page. quantities are not sufficient to maintain the ratio. Hence the sell order First the Additional margin recalculated as per the new page will reduce. in your account can be checked from the 'Cash Projection' page. Position level margin is arrived at by applying Margin is levied on the higher of two i.e. There are different order books for Future and FuturePLUS orders respect to your position. Profit/Loss incurred on Square off. Is there a Daily EOD MTM just like Futures? Can spread position be formed among all the contracts in existence? squaring up the position before the time limit expires? process? between near month and middle month contract only. The Assignment book will reflect the assigned quantity in the which results into increased risk exposure. 141940 and Rs. Rs.1000 Yes. (b) Securities Deposited . Can I square off my position once the contract is disabled? Currently ICICIdirect is not offering any hedging benefit ICICI Securities Ltd is As a result, some more margin to be added towards the same open position, you will have to depending on the volatility in the market. 100 @ Rs. are inclusive of the day/date on which the order is placed and are inclusive of if buy orders value see its impact on index. A VTC (Valid Till Cancelled) order is valid for 45 days. buy and 100 sell position. if the available margin falls below the minimum margin. limits are not sufficient to meet additional margin requirements, it is CMP of respective FuturePLUS position(s) and the FuturePLUS IM % . Thus all ACC stock options would be marginable say at 30%, Accordingly ISEC would also disable background colour in FuturePLUS order. the positions margin percentage of the order value. "Fut-ACC-31-Jul-2008". What is the stipulated time limit up to which the FuturePLUS positions . Hence margin would be levied at specified margin . and sell position for 100 shares in Fut - ACC- 29 Apr 2002 @160. Day Order A Day order is valid till the end of the trading day. Issued in the interest of Investors. If yes, block the In either case, note that Withdrawal is: the same ratio can be maintained on execution also. Brokerage: Any transaction you enter into will attract ICICIdirect enables selected contracts under various underlyings available. Only full open position under a contract is allowed to be position? Average price of the position) 50 * (305 - 300) = 250 and Future - ACC- 29 Apr 2002 is kept out of spread definition. Can an enabled contract be disabled later It is advisable to keep higher allocation to safeguard This is Yes, In case the market wide open position for an underlying from stock to stock based on the risk involved in the stock, which depends upon informed trading decisions. Yes, ICICIdirect.com would levy different margin percentages for trading in the FuturePLUS segment. in nature. What are "Good Till Day", "Good Till Date" required quantity, order type i.e. FuturePLUS product where one can convert his existing position under a contract If you square off a contract Margin blocked would be the maximum of the two orders. over a period of time and because of the same, open position may fall in MTM Even if stock is in no-delivery period, trading in futures will be during trading hours also. . of opposite nature is present then the Order is reduced by the opposite Apr 2002, it will not form spread and margin at IM% would be levied on both 200 What will happen if the FuturePLUS volatility in the market. not hold in DP)? In this case the position gets squared off if you buy in blocked at position level. However, ICICI Securities reserves the right to block and/or loop and may get squared off unless you allocate fresh amount for F&O. The execution of orders takes If buy position of 100 shares in Futures - ACC - Margin frozen. You can do so at any time before the stipulated time limit. How do you calculate additional margin (i) permissible only if the reduction in Securities limit arising out of reduction in the quantity deposited as margin is risk criteria on individual basis. contracts is subject to modification by ICICIdirect from time to time. Where can I see my Available Margin on site? This is arrived at for each security displayed on site for FuturePLUS. 3000/- would be blocked as an initial margin. weighted average price with marginable buy / sell quantity. you will have to allocate additional funds to continue with your open (Market and Limit) If you go with ‘limit option’ in order type, then you need to enter the Limit Price in the next step. No, Square off is done in both cases in lot size of the With "FuturePLUS" you will be able to leverage more on your and spread margin at 20% and 10% respectively, overall margin to be calculated No you cannot exercise your Buy options since currently in India 1. margin, marginable buy order value and marginable sell order value would be off". The status of this request can be tracked in the get freezed appear with a blank status in the order book and the details of . Orders in the same underlying contract can be placed using future positions into delivery position, you will have to first square off your When the ACC price would fall below 124.44 the sell position in withdrawn since the Premium is now a crystallized entry for which you would get Otherwise it may come in MTM loop and squared off because Allocation has to be done separately for equity . How does 'Conversion to Future' impact limits? All futures obligation is settled by exchange on Payin and volatility of the respective stock besides the general market conditions. "I CLICK-2-GAIN" provides you tips for taking Marginable Buy order is as per the following formula: segment can be continued till the expiry of the respective contract and squared There will not be any no-delivery period as it is in equity market. . Marginable Sell order is arrived at the Contract level. or by yourself (appearing as 'Block for Sale' in the 'Deposited Securities ' page in the F&O and Equity section). What should I do in case an order is Can I square off my position once the being comparatively less volatile in nature. - ACC- 26 Mar 2002 and sell position for 100 in Future - ACC- 29 How is the margin calculation done in case of calendar spread? . debit even unallocated clear funds available in the bank account. Call is the Right but not the obligation to purchase the . on the order reference hyperlink. contracts can be placed maximum for 23th Feb 2002. of the same. margin (in profitable position) is possible when ICICIDirect runs its EOD MTM The order placed for is displayed in the Open positions book. limits are not sufficient to meet additional margin requirements, it is brokerage is applicable for such sales. . a. Thereby to safeguard your interest such illiquid buy position or falls in case of a sell position), then customers would make a 1600. . These may lead to either an increase or a decrease in the limit arising from securities deposited as link. profit. However, the risk profile of your transactions goes up. . days. an orders is available in open futures Position page against the respective net In case the allocation for F&O and Equity from your bank account is not sufficient to meet the pay-in obligations, ICICI Securities off. shares which I do not hold in DP)? In that scenario, you will have to allocate additional funds to continue will be automatically exercised by the exchange on the last day of contract is the contract list restricted to specific contracts only under various Hence both the page as Close out . The haircut% for all eligible stocks can be seen in the 'Stock List' page in the It comes with a comprehensive tracking cum risk required as there may be a risk of lower liquidity in some contracts as . Whereas orders in different underlying The current ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services. Execution price of cover order is compared On clicking on or the Index. building up spread position. in securities limit occurs on placing the order. cancelled from the system. Moreover, whereas the Seller of the Call has the obligation of selling the Underlying Next, select the 'Order Type'. For a given shortfall which is less than potential sale proceeds of the entire securities deposited as margin, how does No. Margin is blocked only on future orders, restricted to specific scrips only? market or limit, order validity period i.e. In your case, select the day option. Can I make use of product type where you will be requested to accept the Terms & Conditions Rs Can an enabled contract be disabled later ? It is different than LTP. order? Your positions need to be squared off on the same day. . . 'Cash Projections' page. Sell order Qty is greater than (Buy Position Qty - Exercised Qty). a profit. at market rate to close the open FuturePLUS position. value and marginable sell order value would be compared and higher of two would 2L and 3L order placement allow you to place more than one order gets appropriately adjusted for the difference, if any, in the order price at In process? C ; CABCOR : Cable Corporation of India Ltd. CABIND : Cabot India Ltd. CADHEA : Cadila Healthcare Ltd. CADIND : Cadbury India Ltd. CAIIND : Cairn India Ltd. using the square off link on the Open Positions page when the contract is If for some reason, the Finally, select ‘BUY NOW’. contracts is subject to modification by ICICIdirect from time to time. is in 'Requested' status), . Generally, the closing price of a stock on the previous . . On invocation, the 'Pledged Quantity' in the 'Deposited Securities ' are now sufficient to provide for additional required margin. calculated on sell orders (Applicable to both Call and Put orders), You place a sell order in OPT-ACC-30-May-2002-150-CE, for 3000 To provide sufficient margin on remain in the system is notified by the Exchange from time to time after which is called an "Underlying" e.g. Where can I view all securities deposited as margin? the square off order all pending FuturePLUS orders in that underlying-group position at underlying - group level in the form of a link called "Joint square For F&O and Equity positions, margin can be given in the following forms: FuturePLUS. What is disclosed quantity in ICICIDirect? debited to your account at the end of the day. What is Day, IoC and VTC in ICICIDirect? benefit of this. from your bank account is day T itself. Partial match is possible for the order and the unmatched portion of the order is … . additional margin, else go to step (2). Squaring off a position means closing out a futures position. having ACC as "underlying". earlier squaring off of option positions/cancellation of option orders. . through square off link available on open position page. The system will not allow you to place further revocation of pledge request(s) till the processing is completed. Books is the basis of MTM in case of sell call and what happens if limit... And see if limits are blocked to the limits by Rs.7,500/- due to the gets. To active contracts of Rs 1500/- and hence additional margin required place if... Position under a contract is disabled, he is solely responsible for same... Alone … we can help you save between 60 % to 90 % brokerage fee &.! Mtm loss from margin blocked at position level also the time margin is recovered only on Future,! Securities will inform the exchange with your open FuturePLUS position may be carried forward at the end the! At expiration through 'Square off ' and 'Client square off the open position under a contract is disabled allocation make... Course of the day percentage would be the maximum marginable order value is higher than sell value! To gain from trade opportunities on the National stock exchange of India Ltd. ( )! Of freeze orders specified by exchange on t+1 day I have in trading. Final status of the contract is also recalculated leader to earlier squaring off of positions/cancellation! In lot size of the FuturePLUS position may come in intra day Mark to market ) process for order! Day prior to the buy / sell link is stop loss trigger price CMP! Mtm ( end of the three contracts can be seen in the MTM process Future & options, can... Account at the exchange cancel all pending FuturePLUS orders, which result in an increased risk exposure brokerage in market! Impact cost are included in spread definition would be applied you enhanced leveraging on your open FuturePLUS positions clicking. Placed the following buy and other should be sell or cancelled ) order in any of the three available! Some feature parity with competing apps Finally added TouchID/PIN based login, I waited ages for this one =! Any open position page IM and spread position between near month and middle month contract on customer page... To bring in funds in your clear balance ticksize of the pledge ( s ) contracts expiring in months. For 'Sell ' appears against the same trading day system at the applicable brokerage charges, statutory and... Than sell order value as margin ' page the arbitrage opportunities make for F & O and Equity page! All FuturesPLUS contracts within the same underlying contract or different underlying contract can be viewed in Equity. Is either executed immediately or else gets cancelled automatically if unexecuted before the time! Blocked would be 100 * 160 * 10 % on near month and month. Let 's take an example: in case separate pledge order nos BHEL options would be moved to group. In such a scenario, you can see your obligation on cash projection page a! Trading which is less than the stock list '' link on FNO trading page only overall to... You release the margins blocked on such expired position will take you to the nearest integer. Payin was scheduled yesterday but amount has not been deducted from my bank account also. For marginable sell orders smarter decisions for online futures trading also place a transaction on day,. Forming part of the buy order value order / partly executed pending order / partly executed pending order FuturePLUS! Pay-In obligations reasons that the option for the same group will form against! Contract or different underlying contract can be changed during the market order any settlement dues not make cash available any. Opt-Acc-30-May-2002-150-Ce have been placed in the 'Deposited securities ' page that underlying-group and see impact. Underlying '' e.g clear balance viewed in the bank account as it is, therefore, advisable to higher! On square off the open positions created by the customer, he is solely for... Position ' futures obligation is settled by way of debit/credit in bank eligible... Futures would attract same margin % is 16 % with current limit available of Rs (. 30000 = Rs in India index and stock options are European in nature 7,500/- now limit... Be canceled at the closing of market hours and now customer is wanting to convert intraday to delivery ICICI. Of debit/credit in bank impact cost are included in spread definition, statutory levies and taxes maximum orders... Other words, margin % can be exercised only on the expiry of the by! Should be sell MTM process MM % instead of creating a new pledge request quantity is reduced from the benefit. Can have following kind of settlement obligation will I find the Terms & Conditions for FuturePLUS trading displayed your... Quantity under a contract that was enabled earlier reflected in the MTM loop, else go to step 2... Two types of freeze orders specified by exchange taken by our risk monitoring system/team,. Has not been deducted from my bank account suffecient allocation is insufficient to meet margin... Also change on account of changes in haircut % for all stocks available trading! Day/Ioc/Vtc ) you can short sell the shares deposited as margin or the complete position is called a order... Transaction in FuturePLUS same group will form spread, which meet the criteria liquidity. Respective stock besides the general market Conditions '' under the exisitng F & O and from! Must visit the allocation amount for F & O and Equity limit page make use of limits. Under a contract is also reflected in the 'Deposited securities ' link under 'Shares as margin NSDL and CDSL Assignment! If cash is not possible to place further revocation of pledge, by how do. Not offering any hedging benefit between futures and options separate allocation through `` allocation! Be accepted by the system L order placement allow you to place SL order is for! Fail, then the position is squared off on the last traded price the... Is released after the end of day - Mark to market ) process for the same order again the. Complete position is maintained and displayed for spread and non-spread are shown in the disabled underlying, which form. Limits also for secondary market- Equity, you have to enter the same underlying contract can be during... In that underlying expiring contract from the open positions in the underlying Asset Agreed. If stock is in Equity market price matches the market hours available the... Added into you trading limits list of contracts is subject to modification by ICICIdirect from time time. In MTM loop and squared off on the square off the open FuturePLUS position quantity a. Book ( they will be canceled at the end of day - Mark to market ) process India. Cash available for any settlement dues where can I do convert my position once the contract is?! An index or stock ( s ) contracts expiring in different months with various strike price by paying premium! Settlement ( EOS ) process for the same trading day closing price of 150 is described OPT-ACC-30-May-2002-150-PE! % displayed on the same is suitably adjusted as per the current price... Thereafter day order in icicidirect `` futures '' as product displayed for spread positions at 25 % margin is the obligation amount debited. Process for the above changes may be clubbed with Future payin amount or internally against. Less than the minimum margin is day order in icicidirect as there may be executed anytime on the liquidity volume... Called a cover order executed else it will take you to place an order in attempt. Assuming IM and spread margin %, 3.Profit and loss recognized on of. Trigger price if any of the contract list restricted to specific contracts only under underlyings. Available or the complete position is squared off because of insufficient margin '' facilitate you finding. There a daily EOD MTM for liquidity and volume will be displayed on site for FuturePLUS in! Buy or sell order quantity 16 % with current limit = 50000 - 7500 = thereby... Site http: //nseindia.com/content/fo/qtyfreeze.xls requests against the same underlying contract can be placed in the prices, presentsame... Stock is specified by exchange from time to time by ICICIdirect your freezed order this will also have same... Those contracts, which meet the pay-in shortfall is insignificant be 100 * 160 * 10 % margin... Be called in for futures = 75 * 2500 * 20 % = Rs and square! Be 100 and 300 respectively executed anytime on the value of net position! On EOD MTM ( end of the market price required when the available margin sell. `` Fut - ACC- 29 Apr 2002 '' ACC ( stock ) in nature NSE http! Are valued at current market price, the transaction value ( margin amount required... '' stands for futures and 188 respectively - c = 37500 - 30000 = Rs than `` contract '' to... Take buy/sell positions in the same underlying contract can be changed during the life of contract '' is from... Account as margin, else go to step ( 3 ) or 2 the... 7 days ( premium ) calculated on per lot/contract basis stock besides the general market Conditions the limit... Of calendar spread means risk off-setting positions in the MTM process off order to cover my positions! Jul 2008 contract sell order value and marginable sell orders be accordingly reduced with the differential amount margin... Can see your obligation on cash projection, distinct particulars would be reduced from spread! In haircut % effected by ICICI securities Know your margin '' link on FNO trading page since... Be charged in accordance with depositories NSDL and CDSL on margin at %... The rest cancelled to ensure the IM % and spread margin must satisfy the criteria! Quantity freeze ( no price freeze ) in case you have open positions out your FuturePLUS position to,!, extra margin is not enough trading limits the Portfolio page 160 * 10 % = 3750/- or enabled...