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Open ICICI 3-in-1 Account

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    Bharti Airtel Ltd. has decided to make the First and Final Call of INR 401.25 per partly paid-up equity share.....
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    Commodities Back

    Commodity Margin And Settlement

    What happens if I don't square off my position before expiry?

    The system will perform an Auto Square-Off to protect your account on best effort basis.

    • All Options: All Commodity Option open positions will be squared off by ICICI Direct on expiry day around 8:30 PM on best efforts basis.
    • Physically Settled Futures: All Commodity Futures open positions for Physical Settled contracts like Gold, Silver, Copper, etc. would be squared off by ICICI Direct on one trading day prior to the start of Delivery period around 8:30 PM on best efforts basis.
    • Cash-settled Futures: All Commodity Futures open positions for Cash Settled contracts like Crude, NATGAS (except Electricity) would be squared off by ICICI Direct on expiry day around 8:30 PM on best efforts basis.
    • Electricity Futures: Electricity Futures open positions would be squared off by ICICI Direct on one day prior to expiry day around 8:30 PM on best efforts basis.

    Funds are available in my bank account, but I still got a margin call. Why? Why was my position auto-squared off by the system? Where can I check the margin shortfall report for positions that were force-squared off by system? What does "squaring off" a position mean? Can I use my shares to trade in commodities? What is ICICI Securities' Peak Margin? Do I need cash if I am using Shares as Margin (SAM) for my commodity position? What is the total margin requirement for commodity futures? Can my margin requirements change after I’ve entered a trade? Are margins for futures and options combined? How can I see exactly how much margin I will be charged? Why did my margin requirement suddenly increase? How are commodity contracts settled at expiry? Can I take physical delivery of commodities like Gold or Copper? What is "Inter-adjustment" or "Netting of Funds"? Why wasn't the full amount from my closed commodity trade returned to my bank? What is EOD MTM (End of Day Mark-to-Market)? How do I check for a margin shortfall on an open commodity position? How can I add more margin? What is "Available Margin"? What are "Initial Margin" and "Minimum Margin"? Can commodity prices go negative?
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