Announcements

SEBI has prescribed a new set of guidelines focusing primarily on Peak Margin Collection & Reporting, and these guidelines have come into effect from 01-Dec-20. Here’s a quick synopsis on what’s new and how it affects you and your trading activity.

Before we go to Peak Margin, let’s understand the concept of Margin.

WHAT IS MARGIN & MARGIN REPORTING?

Margin Trading allows you to purchase shares by paying only a part of the trading value. Margin refers to the minimum payment that you have to contribute to place your order.

Prior to 01-Dec-20:

• Brokers collected upfront margin only for the derivatives segment
• From 15^-Sept-20, brokers also started collecting upfront margin for Cash segment
• Brokers reported client transactions along with the collected margin to the exchanges and clearing corporations at the end of the day

INTRODUCING PEAK MARGINS

From 01-Dec-20, to calculate the margin obligation, exchanges and clearing corporations will take minimum of 4 random snapshots of trading positions. The highest margin of these 4 snapshots will be considered as the Peak Margin of the day.

EXAMPLE
Snapshot of Positions during the Day	All Values in INR
	Amount	Minimum Margin Requirement (VAR + ELM)	PHASE 1 (01-Dec-20 to 28-Feb-21)
			Minimum Peak Margin Requirement (25% of Minimum Margin Requirement)
Position 1	1,00,000	25,000	6,250
Position 2	1,25,000	31,250	7,812.5
Position 3	50,000	12,500	3,125
Position 4	75,000	18,750	4,687.5
Peak Margin Requirement during the Day			7,812.5
Note: For the above example VAR + ELM is assumed at 25% (20%+5%). Value at Risk (VAR) margin depends on the liquidity of the stock, and varies from scrip to scrip. For instance, for stocks that are part of Group 1 (classified as liquid stocks), the applicable daily VAR is 3.5 times the volatility or 7.5%, whichever is higher. Extreme loss margin (ELM) is computed as 1.5 times the standard deviation of daily returns of the security price in the last six months. Minimum ELM = 5%.

This peak margin will be collected during the day itself, and will be applicable on all segments, including Intraday trades.

WHAT DOES THIS MEAN FOR YOU

• You will need to pay upfront margin before placing any trade across all segments.
• You will need to ensure that you maintain an account balance equal to or more than the peak margin requirement in order to execute your order.
• To avoid margin shortfalls and penalty, Funds Payout will now be processed only pre and post equity market hours (Before 7.30 am and after 5.30 pm).
• Sale benefit for shares that have been sold from your account on the same day is revised to 80% (as compared to 100% prior to 01-Dec-2020). For example, if you sell your holdings worth Rs.1,00,000, you will now get limit/margin against Rs. 80,000.

4-STAGE IMPLEMENTATION

Here’s another important aspect for you to consider. These guidelines will be implemented in a phased manner from 01-Dec-2020 to September 2021, as mentioned in the table below:

	Date Range	Required Upfront Peak Margin (% of the minimum requirement)
Phase 1	01-Dec-20 to 28-Feb-21	25%
Phase 2	01-Mar-21 to 31-May-21	50%
Phase 3	01-Jun-21 to 31-Aug-21	75%
Phase 4	01-Sept-21 onwards	100%

In conclusion, here are 2 recommendations to ensure that you don’t face any disruptions due to inadequate funds:

• Keep your Angel Broking account well-funded at all times
• Pledge your shares lying in your Angel Demat account

For more details, feel free to visit the below links.

• SEBI CIRCULAR
• NSE FAQ

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Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:

• Contact your sub broker
• In case you don't have a sub broker, call us on 022-68071111 | 022-42185454

Scrip Name	Category	Time Window	Floor Price
DCAL	Non-Retail	December 18, 9:15 AM - 3:30 PM	Rs. 145.70
DCAL	Retail	December 21, 9:15 AM - 3:30 PM	Rs. 145.70
CEINSYSTEC	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 145
CEINSYSTEC	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 145
FMGOETZE	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 335
FMGOETZE	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 335
IRCTC	Non-Retail	December 10, 9:15 AM - 3:30 PM	Rs. 1367
IRCTC	Retail	December 11, 9:15 AM - 3:30 PM	Rs. 1367
ISEC	Non-Retail	December 9, 9:15 AM - 3:30 PM	Rs. 440
ISEC	Retail	December 10, 9:15 AM - 3:30 PM	Rs. 440

As per SEBI guidelines and FAQ dated 27th November, 2020 published by NSE on peak margin collection and reporting, below mentioned are the changes which will be effective from 1st December, 2020.

1. Upfront margin will be collected before placing any trade across all segments.
2. You will continue to enjoy 80% of the sale benefits for shares that have been sold from your account on the same day of sell.
3.Funds Payout will be processed pre and post equity market hours (Before 9 am and after 4 pm).
4. It is advisable that you transfer Funds to your Angel Broking account or Pledge your shares lying in your Angel Demat account to enjoy uninterrupted trading.


Click here to view the SEBI Circular
Click here to view the FAQ published by NSE

Here's the list of the latest Takeovers, Buy Back and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these call us on 022-68071111 / 022-42185454 or write to us at support@angelbroking.com

Scrip Name	Sub Type	Start Date	End Date	Floor Price
KANCHI	Buyback	31-12-2020	13-01-2021	Rs. 405
HIKLASS	Takeover	30-12-2020	12-01-2021	Rs. 17.80
MAYURUNIQ	Buyback	30-12-2020	12-01-2021	Rs. 400
WIPRO	Buyback	28-12-2020	11-01-2021	Rs. 400
TCS	Buyback	17-12-2020	01-01-2021	Rs. 3000
NMDC	Buyback	17-12-2020	31-12-2020	Rs. 105
ASAHISONG	Buyback	10-12-2020	23-12-2020	Rs. 330
NTPC	Buyback	04-12-2020	18-12-2020	Rs. 115
AJANTPHARM	Buyback	03-12-2020	16-12-2020	Rs. 1850
KIOCL LTD	Buyback	01-12-2020	14-12-2020	Rs. 110
COSMOFILMS	Buyback	27-11-2020	11-12-2020	Rs. 576
MAJESCO	Buyback	27-11-2020	11-12-2020	Rs. 845
RESONANCE	Takeover	26-11-2020	10-12-2020	Rs. 55.50
ASHOKALC	Takeover	25-11-2020	09-12-2020	Rs. 22.55
INTLCONV	Takeover	24-11-2020	08-12-2020	Rs. 33

Here’s the one sure thing at Angel Broking - We’re constantly upgrading! And so, we are really excited to reveal to you our latest Launch of Open API Platform for Angel Broking.
Want to build trading and investing platforms but don’t want to take on the added burden of getting your brokerage license and becoming a stockbroker? APIs from Angel Broking are the answers. Take a look at what’s APIs:

Check out the Platform APIs for more information

w.e.f 26/11/20 : Equity shares of Lakshmi Vilas Bank Ltd (NSE: LAKSHVILAS) will not be available for trading. The entire share capital of the bank will also be written off.

For more details please refer the circular on NSE and BSE.

Following Companies share are available for Tender-Offers under Takeovers, Buy Back and De-listing, The offer period and Price are mentioned along with them:

If you want to participate in any of the above please contact us at: support@angelbroking.com
022-68071111 / 022-42185454

Offer for Sale of below companies are open in BSE/NSE:

If you want to participate in any of the above please contact us at: support@angelbroking.com
022-68071111 / 022-42185454

Following companies have announced Rights Issue for all eligible shareholders. These REs will be temporarily traded on the stock exchanges for some period. You can either use the REs to apply for the rights of shares or you can sell them directly.:

How do I apply for the RE?
• Login to your bank account online via Net Banking.
• Go to Net banking ASBA
• Register "BENEFICIARY REGISTRATION" (Could be optional for some banks)
• Select desired RE from the list.
• Enter the Quantity, Price, Angel DP Account details.
• Submit your application.

To Know your DP ID (16-digit number used to identify your demat account) please follow below steps:
• On Web: Login -> My profile -> My DP Details
• On ABMA App: Login-> My Profile -> Bank & DP Details -> DP Details
Angel Broking, the Depository Participant(DP) is a member of CDSL(Depository)

Click here to view the steps for ASBA registrations on Net Banking Kotak Bank
Click here to view Self- certified Syndicate Banks under ASBA facility
Click here verify your entitlement Right Issue entitlement

If you want to participate in any of the above please contact us at: support@angelbroking.com
022-68071111 / 022-42185454

Muhurat trading this year for Equities, Equity F&O, Currency F&O, and Commodities will be conducted on Saturday, November 14, 2020.

Timings of Muhurat trading

Market Schedule	Start Time	End Time
Block deal session	5:45 pm	6:00 pm
Pre Open *	6:00 pm	6:08 pm
Normal Market	6:15 pm	7:15 pm
Call Auction Illiquid session *	6:20 pm	7:05 pm
Closing Session	7:25 pm	7:35 pm

Please refer to the circulars from BSE for more information.