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    Commodities Back

    Commodity Margin And Settlement

    What is EOD MTM (End of Day Mark-to-Market)?

    At the end of each trading day, your open positions are re-valued based on the closing prices (settlement prices).

    • Profits: Credited to your bank account on T+1 day in afternoon.
    • Losses: Debited from your bank account on next day in morning EOD process.

    Example:

    Day 1: Monday

    Buy Price: ₹225,000 (Silver Micro-1 kg)

    Market Closing Price: ₹230,000

    What happens? The price went UP by ₹5,000 per kg, means you are in MTM profit.

    Calculation: ₹5000 x 1 = ₹5,000 Profit.

    ICICI Direct Action: ₹5,000 will be credited to your bank account on T+1 day in afternoon.

    Day 2: Tuesday

    Starting Price: ₹230,000 (The previous day's close)

    Market Closing Price: ₹228,000

    What happens? The price went DOWN by ₹2,000.

    Calculation: ₹2,000 x 1 = ₹2,000 Loss.

    ICICI Direct Action: ₹2,000 will be debited from your bank account or adjusted with available margin. If your allocated limits (cash or collateral) are low, you might need to add cash or securities limit to your commodity segment to keep the position safe.

    Day 3: Wednesday (You decide to Sell/Exit)

    Starting Price: ₹228,000

    You Sell at: ₹229,000

    What happens? The price went UP by ₹1,000.

    Calculation: ₹1,000 x 1 = ₹1,000 Profit.

    ICICI Direct Action: Your trade is closed. The ₹1,000 will be credited in your bank account, and your blocked margin will be released.

    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 happens if I don't square off my position before expiry? What is "Inter-adjustment" or "Netting of Funds"? Why wasn't the full amount from my closed commodity trade returned to my bank? 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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