SEBI has prescribed a new set of guidelines focusing primarily on Peak Margin Collection & Reporting, and these guidelines have come into e…

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 RangeRequired Upfront Peak Margin
(% of the minimum requirement)
Phase 101-Dec-20 to 28-Feb-2125%
Phase 201-Mar-21 to 31-May-2150%
Phase 301-Jun-21 to 31-Aug-2175%
Phase 401-Sept-21 onwards100%

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.


Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request: Contact your sub brokerIn case you don't have a sub broker, c…

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 NameCategoryTime WindowFloor Price
DCALNon-RetailDecember 18, 9:15 AM - 3:30 PMRs. 145.70
DCALRetailDecember 21, 9:15 AM - 3:30 PMRs. 145.70
CEINSYSTECNon-RetailDecember 10, 9:15 AM - 3:30 PMRs. 145
CEINSYSTECRetailDecember 11, 9:15 AM - 3:30 PMRs. 145
FMGOETZENon-RetailDecember 10, 9:15 AM - 3:30 PMRs. 335
FMGOETZERetailDecember 11, 9:15 AM - 3:30 PMRs. 335
IRCTCNon-RetailDecember 10, 9:15 AM - 3:30 PMRs. 1367
IRCTCRetailDecember 11, 9:15 AM - 3:30 PMRs. 1367
ISECNon-RetailDecember 9, 9:15 AM - 3:30 PMRs. 440
ISECRetailDecember 10, 9:15 AM - 3:30 PMRs. 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 wh…
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.

Revised Intraday Margin multipliers effective from 1st December, 2020
Product Equity FNO Currency NCDEX MCX
Futures Options Futures Options
Selling Buying Selling Buying
Intraday 4 times 4 times 4 times 3 times 4 times 4 times 3 times 3 times 4 times

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 …

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 NameSub TypeStart DateEnd DateFloor Price
KANCHI Buyback31-12-202013-01-2021Rs. 405
HIKLASSTakeover30-12-202012-01-2021Rs. 17.80
MAYURUNIQBuyback30-12-202012-01-2021Rs. 400
WIPROBuyback28-12-202011-01-2021Rs. 400
TCSBuyback17-12-202001-01-2021Rs. 3000
NMDCBuyback17-12-202031-12-2020Rs. 105
ASAHISONGBuyback10-12-202023-12-2020Rs. 330
NTPCBuyback04-12-202018-12-2020Rs. 115
AJANTPHARMBuyback03-12-202016-12-2020Rs. 1850
KIOCL LTDBuyback01-12-202014-12-2020Rs. 110
COSMOFILMSBuyback27-11-202011-12-2020Rs. 576
MAJESCOBuyback27-11-202011-12-2020Rs. 845
RESONANCETakeover26-11-202010-12-2020Rs. 55.50
ASHOKALCTakeover25-11-202009-12-2020Rs. 22.55
INTLCONVTakeover24-11-202008-12-2020Rs. 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 Op…
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 b…
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 a…

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:

Scrip Name Sub Type Start Date End Date Floor Price
AMARSEC Takeover 17-11-2020 01-12-2020 Rs. 18.13
RITES Buyback 27-10-2020 10-11-2020 Rs. 265
MAGNAELQ Buyback 27-10-2020 10-11-2020 Rs. 175
JAMESWARREN Buyback 29-10-2020 12-11-2020 Rs. 114
WINTAC Delisting 11-11-2020 18-11-2020 Rs. 220
BABAFOOD Delisting 17-11-2020 23-11-2020 Rs. 70
AMARSEC Takeover 17-11-2020 01-12-2020 Rs. 18.13
INTLCONV Takeover 24-11-2020 08-12-2020 Rs. 33
ASHOKALC Takeover 25-11-2020 09-12-2020 Rs. 22.55
RESONANCE Takeover 26-11-2020 10-12-2020 Rs. 55.50
COSMOFILMS Buyback 27-11-2020 11-12-2020 Rs. 576
MAJESCO Buyback 27-11-2020 11-12-2020 Rs. 845
If you want to participate in any of the above please contact us at: support@angelbroking.com
022-68071111 / 022-42185454

Offer for sale (OFS) - November 2020

Offer for Sale of below companies are open in BSE/NSE: Scrip Name Category Time Window Fl…

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

Scrip Name Category Time Window Floor Price
TUTIALKA Non-Retail November 3, 9:15 AM - 2:30 PM Rs. 6.50
TUTIALKA Retail November 4, 9:15 AM - 2:30 PM Rs. 6.50
INGERRAND Retail November 25, 9:15 AM - 2:30 PM Rs. 578.60
INGERRAND Non-Retail November 24, 9:15 AM - 2:30 PM Rs. 578.60
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 …

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.:

Company Rights Entitlement (RE) Ratio Issue Price RE Listing date RE Last trading date Last date to apply for rights shares
Shoppers Stop Limited SHOPERSTOP-RE 17:70 Rs. 140 November 27 December 07 December 11
Pricol Limited PRICOLLTD-RE 2:7 Rs. 30 December 03 December 11 December 17
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. …

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.