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Dear SharePro User,
Settlement of Running Account of Client’s Funds lying with Trading Member (TM)
The following enhancements have been made in the process of Quarterly Settlements:
- We consider 225% of EOD or Peak Margin for the Day, whichever is higher. This percentage is configurable in Environment Setup, and is 225% by default.
- We now consider the value of shares Pledged/Re-Pledged in the CMPA Account for EOD/Peak Margin requirement while calculating the settlement amount. Note that, even if the Pledged/Re-Pledged Share value is higher than the EOD/Peak Margin, then excess securities are not required to be unpledged.
The changes mentioned are illustrated below:
Running Accounts Control Centre:
Running Account Reporting to Clients:
SharePro: Settlement of Running Account of Client’s Funds lying with Trading Member (TM)
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