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    Shares As Margin

    How is my Shares as margin interest calculated in Futures and Options?

    Interest is charged under the iValue Plan in F&O when you use pledged shares as collateral.

    Here’s how the interest Is calculated:

    • Annual interest rate: 9.85% per annum
    • Daily interest rate:

    9.85% ÷ 365 = approx. 0.027% per day

    Interest is calculated daily on the margin amount utilized, not on the total value of your shares pledged as margin.

    Simple Example

    • You pledged shares worth ₹5,00,000
    • Margin Utilised for taking positions: ₹2,00,000
    • Daily interest rate: 0.027%

    Daily Interest:

    ₹2,00,000 × 0.027% = ₹54 per day

    This interest is charged only for the days the margin is used.

    Important Points to Note

    • If you pledge shares and take F&O trades, the system first utilizes SAM (Shares as Margin).
    • Interest is charged only when SAM limits are utilized.
    • If you do not want to pay interest, you can:
      1. Deallocate the securities margin from the F&O segment, or
      2. Unpledge your shares, or
      3. Allocate margin to another segment where funding is not required.

    If you are mapped to prime plans, interest will not be applicable.

    What is Shares as Margin facility? Why do I need Shares as Margin facility? How does Shares as Margin work? What forms of Margin are acceptable for taking F&O and Equity positions? When should cash be made available for settlement dues? What happens if cash is not made available for any settlement dues? How do I revoke securities pledged as Margin? After revocation of pledge, by how much do limits decrease? What happens to the securities on revocation of pledge? How do I deposit Securities as Margin? Can I deposit any security lying in my demat account as Margin? On depositing securities as margin, when do limits become available there against? After depositing securities as margin, by how much do limits increase? Where can I view all securities deposited as margin? What does "Pledge & Allocate to Equity", "Pledge & Allocate to F&O" on the 'Pledge & Create Limit' page mean? Why the limit arising out of securities deposited as margin changes every day and sometimes during the day also? What happens to the securities pledged as margin? How does ICICI Securities go about selling my pledged securities in case I do not make cash available for any settlement dues? For a given shortfall which is less than potential sale proceeds of the entire securities deposited as margin, how does ICICI Securities determine which of the deposited securities to sell and how much ? Can I also sell securities pledged as margin for eg. In case prices of the securities are going up? Are there any separate charges for the above transactions? Can I place revocation and invocation of pledge requests simultaneously for the same scrip on the same date? Can I place multiple revocation of pledge requests against the same scrip on same date? How the delivery towards sell of SAM (Shares As Margin) Funded shares will be effected? How does "Pledge & Allocate to NWB", on the 'Pledge & Create Limit' page works on 'ICICIdirect - Stock, F&O, MF' & 'Traderacer'? If I unpledge a security, how long does it take to get unpledged so I can sell the shares? How do I pledge shares as margin for trading in futures on ICICI Direct? Can I utilize Shares as margin limit for my Option Buy (Call/put) open position? Is there any interest charged under iVALUE for using Shares as Margin in the Derivative segment? What happens if my pledged shares are not utilized for shares as margin? Will I be informed before my shares are being unpledged? Can I take any position using Shares as margin in F&O? What if I have open positions in Equity / F&O / Commodity while the system tries to unpledge my shares? What if I need to pledge the same shares again which got unpledged earlier due to periodic unpledging? Why did my pledged shares got liquidated or spot sell as i traded in F&O?
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