Investment in securities is susceptible to market risks which cannot be predicted. The Account Opening Document contains an explanation of different types of risks our customers are likely to face in the market. While the risk of loss is inherent in the market, we as your Broker seek to minimize the risk of loss through a dynamic risk management policy which is an essential feature of our operations. As our customer, it is important for you to be aware of our Risk Management Policy and how the Policy would operate to regulate your transactions. It is also important that the Risk Management Policy does not provide insurance against losses; these are measures and precautions that are adopted to contain risks to the minimum. The Policy is subject to change according to our risk perceptions of the market and SEBI/Exchange regulations for the time being in force.
The policy shall be approved by the Board of Directors. In case of urgent changes, the same can be approved by the Chief Product Operations Officer and the Chief Risk Officer, and the changes shall be ratified by the Board of Directors in its subsequent meeting. This risk assessment and management policy shall subject to change and modification, if needed, considering the dynamics of operations, business plans and strategy of management from time to time. The amended policy will be uploaded on the website of Angel One from time to time.
We understand that the Company has adopted this policy in its capacity as a SEBI registered intermediary with an objective of mitigating any risks involved in relation to investments made by its clients and handling of client portfolios. However, the policy does not provide for methods to manage any risks arising from its business or the industry in which it operates such as technological, economic and market risks that the Company may be subject to. Pursuant to Regulation 17(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, (the “Listing Regulations”), the board of the Company is required to frame risk management plan and lay down procedures for risks assessments and minimization procedures.
For risk management, we categorize Scrips listed on NSE and BSE as “Blue Chip”, “Good”, “Average” or “Poor” based on their fundamentals, volatility, liquidity, trading pattern and overall concentration with individual customers. These categorizations form the basis for defining haircut on collateral, providing exposure limits, imposing trading restrictions, calculating projected risk, prioritize collection, control exchange surveillance related risk, etc.
| Criteria | Sub-criteria |
|
|
|
|
|
|---|---|---|---|---|---|---|
| Financial | Market Cap | >=5000 Cr | >=500 Cr | >=100 Cr | <=100 Cr | |
| Net Worth | >=2000 Cr | >=500 Cr | >=100 Cr | <=100 Cr | ||
| F&O | Yes | No | No | No | No | |
| Employee | >=50 Cr | >=10 Cr | >=2 Cr | <=2 Cr | <=0.50 Cr | |
| Power | >=50 Cr | >=10 Cr | >=2 Cr | <=2 Cr | <=0.50 Cr | |
| Tax | >=50 Cr | >=10 Cr | >=2 Cr | <=2 Cr | <=0.50 Cr |
| Scrip Category | Criteria for Scrip Selection |
|---|---|
| Blue Chip |
|
| Good |
|
| Average |
|
| Poor |
|
| Restricted Scrips |
|
Note : Based on the above fundamental parameter’s scrip might qualify in a particular category, but management reserves the right to assign any or lower category based on various other parameters, mainly liquidity. The list will be reviewed at the sole discretion of the company and the revised list will be updated in the client back-office login. However, in extremely volatile market conditions, or in case of warnings by regulators/exchanges, scrips may be re-categorized without prior notice and the customers shall regularize their accounts and trade accordingly.
Note:- There will be no exceptions allowed in above
Scrips listed in the SME segment will be limited to a few scrips for buying from our trading platforms – These series have huge lot sizes & have low liquidity. Eventually these have miniscule participation in terms of volume at the exchange. To avoid manipulations or erroneous trading, this category has limited scrips for buying.
The sell trades would be executed ONLY through if those are from IPO allotted and if purchased done from Angel One. Please note important points w.r.t. SME scrips trading
We are restricting/ blocking certain Future and options contracts on trading platforms to avoid Malpractices or erroneous trading. The Parameters on which we are restricting/ blocking such Contracts are as under: -
Open interest value in the contract is less than 25 Lacs. For future contract Open interest x Closing prices < 25 lacs, in case of option open interest quantity x (strike price + closing Premium price) < 25 lacs. If options contract expiry from 6 months to 9 months and open interest is less than 1 Cr same will be considered as illiquid contracts.
OrIn case of Option contracts, if strike price falls (+,-) 20 % of previous day closing price of that Particular scrip in cash market.
Or
All contracts having expiry more than 9 months –
Any contract which falls to the above parameters will not be allowed for trading.
Stocks Options:-
Trading Restrictions:- To maintain market stability, the following restrictions apply:
Unblocking BSE Contracts for SENSEX and BANKEX :-
Contracts in Commodities where the OI is less than 50 lots would be blocked for trading.
Contracts in currency where the OI is less than 500 would be blocked for trading
In NSE commodities if the open Interest is more than 50 lots then, 15 lots will be allowed for trading.
In NSE commodities if the open Interest is more than 100 lots then, 25 lots will be allowed for trading.
(Note - Currency segment currently inactive)
We are restricting/ blocking certain Bonds on trading platform to avoid Malpractices or erroneous trading. The Parameters on which we are restricting/ blocking such Bonds are as under: -
BOND scrips would block for trading, if
Total turnover (Traded
quantity*Closing Rate) < 25 lac
BOND scrips would open for trading, if
Total turnover (Traded quantity*Closing Rate) > 25 lac
Without prejudice to Angel’s right to restrict/block derivative contracts on the above parameters, Angel may from time to time also restrict client level open interests in any contract(s), in its absolute discretion, depending on its own independent assessment of the market volatility and/or having regard to any client level/or Member level restrictions in any contract(s) prescribed by the market regulators. However, in restricting/blocking derivative contracts, Angel shall be at liberty to prescribe a limit lower than the maximum limit that the Regulator may prescribe for any contract(s) from time to time. Further, in order to ensure that the Member level limit prescribed by the Regulator is not violated in any contract, Angel may also decline further exposure to a client even if the Client may not have exhausted the client level limit otherwise available to him/her.
Margin/Deposit based limits are assigned to the customers for trading purpose. VaR/SPAN margin specified by the exchanges is blocked at scrip level on the positions taken by the clients during the day.
Square off value is calculated on the basis of projected risk and square off is done to the tune of exchange VaR OR Angel VaR (whichever is higher)
Calculation of Projected Risk for Auto Square Off:
Projected risk = A client is expected to maintain atleast 50 % of the VaR (exchange VaR OR Angel VaR
whichever is higher) and total derivatives margin to avoid the projected square off. If the same is not
maintained, the client would be qualified for a projected Risk square off and an intimation would be
triggered – Client would be given a daytime to make good the shortage amount failing which it would
be squared off on the following trading day.
In any market situation, Angel One may demand payment of margin forthwith and prescribed time for
making margin payment shall be construed accordingly. Decision of Angel in relation to market
volatility shall be final and binding without having to provide any reason for the decision to the Client
In case there is a shortfall, margin call would be made on T Day itself without prior intimation.
Sequence of Square off / Liquidation followed: Holdings in
the form of securities taken in sequence of Latest
settlement (LIFO basis) starting from poor category scrips
followed by average, good and blue- chip category scrips.
If there is still a requirement, then the collateral is
also taken for Square off
Along with Cash segment i.e BSE
& NSE; the other leverage / derivative segments ledger
debits and 50% total margin is considered for calculating
projected risk.
It is a Potential Risk of a client in
occurrence of adverse market condition during the day.
It is the client’s obligation to clear his/her outstanding dues by T+1 (T indicates Trading Day). The client shall ensure timely provision of funds to AngelOne to meet exchange obligations. Angel reserves the right to close the positions / sell securities to the extent of ledger debit and /or to the extent of margin obligations.
Selling will be done in clients’ accounts on T+6 days for the ledger debit which is more than T+5 days on an ageing basis. For example: All trades executed on Monday will be squared off next Tuesday when T indicates Trading Day. In other words, if funds are not received for scrips purchased on Monday Angel shall liquidate securities to the extent of ledger debit.
Sequence of Square Off:Square off will be done considering scrips with old settlement (FIFO) in a sequence of blue-chip category first, followed by Good, Average and Poor scrips respectively.
Where the client has not submitted the POA for the DP account or the DP account is made inactive, Angel will reserve the right to square off such securities if the funds are not received within 6 days from the data of purchase.
The details of the same is clearly enlisted in the Rights and obligations document
Applicable minimum initial margin and increased margin, if any, shall be kept always supplied by the clients in respect of the stocks purchased under MTF. Clients shall pay for any shortage in the required margin immediately on receiving demand (margin call) and in any case on the trade day or following the day of making the margin call failing which Angel shall be at liberty to liquidate the funded shares and/or collateral shares to recover the dues outstanding in the account of the Clients.
In case of extreme volatility in the market, Angel may demand payment of margin forthwith and prescribed time for making margin payment shall be construed accordingly. Decision of Angel in relation to market volatility shall be final and binding without Angel having to provide any reason for the decision to the Client In case there is a shortfall including MTM losses, margin call would be made on T day itself – In the normal market condition, it is expected that the client makes good the shortage including MTM losses within T +4 day failing which the position would be liquidated on T+5 day to the extent of margin shortfall.
However, during volatile market conditions and there being a situation where there is a significant movement in the market, Angel reserves the right to liquidate the holdings much in advance
Client can view details of his/her ledger, holdings, margin shortfall etc via secured login on Angel One’s trading website / mobile app. Regular intimations regarding debit, information about shortage and communication regarding liquidation will be sent through SMS or email on the clients’ registered mobile number and email address respectively.
Square-off will be done on LIFO basis, last settled shares from poor to blue-chip category will be considered for square off. Entire scrips eligible for square off are blocked till square off is initiated in all types of square off. Corporate actions scrips can be taken even though there is no MTF shortfall in client's account
For a client who has opted for MTF and trades in scrips which are unapproved (not part of Group 1 securities) , the outstanding debits will have to be cleared within T + 5 days, failing which the aged debit more than the 6th day would be liquidated as per the exchange norms. Sequence of this square off will be FIFO settlement shares from blue-chip to poor category.
Of the above square offs, the priority of the square off would be given to projected risk. At a client level (whether a customer is activated for MTF or is an Non MTF square customer) would come under projected risk if 50% of the Angel stipulated VaR margin is not maintained (as explained under Projected risk square off). Scrips which are not approved in MTF Group 1 list will be liquidated for not more than 5 days to ensure no non-compliance.
Starting from 01-Apr-2023, unpaid securities belonging to clients will be auto-pledged in the client’s demat account. The securities that have not been paid for in full by the client shall be transferred to the respective client’s demat account, followed by the creation of an auto-pledge without any specific instruction from the client.
If a client has purchased shares on Monday (trade day) and if Tuesday is the Settlement date, either one of the below mentioned two scenarios can happen on Tuesday:
| Particulars | Scenario 1 | Scenario 2 |
| Net ledger Balance (debit amount) | Rs.105.00 | Rs.105.00 |
| Margin Pledge Free balance after Haircut | Rs.500.00 | Rs.104.99 |
| Securities Release Criteria | Stock will be released, since risk is covered | Stock will not be released |
The regulator has asked brokers to start separate client unpaid securities accounts (CUSPA), which will hold shares of clients who have not paid for the purchases. Such shares will be liquidated on T+5 with one day prior intimation in case client does not bring in money. Criteria for CUSPA liquidation as given below:
Derivatives Margin Based Auto Square-off
Introducing our Margin-based Auto Square-off system, this will automatically square-off positions on a besteffort basis if the margin utilization exceeds the available margin.
Important points with regards to derivatives Auto Square-off:
| Margin Utilization of Client ABC | |||||
|---|---|---|---|---|---|
| Margin Available | Margin Used | Margin Shortfall | Margin Utilized(%) | Communication and Action Plan | |
| 4,00,000 | 34,0000 | - | 85% | SMS/Email Trigger | |
| 4,00,000 | 38,0000 | - | 95% | SMS/Email Trigger | |
| 4,00,000 | 4,00,000.01 | .01 | >100 | SMS/Email Trigger | |
Margin is collected upfront from all clients in leveraged segments. Daily Mark to Market losses shall have to be paid latest by T+1 day and any shortages in respect of Margin shall be payable forthwith. In case of default to provide Mark to Market losses or Margins accordingly, AngelOne shall be entitled to square off the open market positions without further reference or notice to the Clients. In case of extreme market volatility, margins/MTM losses may be demanded on intra-day basis and Clients should be able to replenish margins/MTM losses on immediate basis to avoid square off. Where market conditions so warranty, AngelOne may demand payment by electronic transfer and refuse to accept payment by cheque. Shortage in Margin shall attract penalties as may be levied by the Exchange. All losses from daily settlements and losses from square off which are not paid shall be recovered by selling available collateral shares of the Client and Client shall be liable to pay the remaining balance forthwith.
Any debit greater than 10 crores will be reviewed and demand will be made for collections if required. Also, action will be taken accordingly in absence of any collections.
In case of margin increased by the exchange during the day or any margin increment by hedge break on open position irrespective of product type, the client is required to replenish the margin shortage on a real time basis. In absence of any fund collection, Margin shortage recovery will be done through the auto square off process, where all the pending derivatives orders will be cancelled by the system, to recover the margin shortage and penalty if any for upfront margin shortage due to hedge break will be passed on to the client. The system will not consider cross product hedge benefits in margin calculation (Intraday and carry forward Product). On expiry day, margin shortage will be calculated considering T Day expiry position in case of position does not square off by clients.
Mutual Funds will be accepted as margin pledge only with below criteria
Note: Poor scrips categorized by Angel (inclusive of BSE & NSE illiquid scrips) will not be accepted as collateral in leverage segments.
Collateral provided as margins should not exceed the concentration values mentioned below as per
their categories.
Restrictions on acceptance of single scrip concentration as per category are given below:
Scrip Concentration for cash and derivatives segments:
If any debit arises due to scrip concentration, then client needs to update the funds or transfer other approved securities or reduce the concentrated scrip to the extent of breach value.
Restrictions on acceptance of single scrip concentration as per category are given below:
In case of deviation to the above deviations, a time of 7 days would be given. However, in cases of volatile
market conditions or cases where there is abnormal movement in the underlying or due to any other reason
where the risk management team feels that the position cannot be allowed to continue, the leeway of the 7
days may be withdrawn, and the position may be liquidated
Angel also has capped single scrip / instrument wise exposure limits. No client will be allowed to go beyond
these exposure limits set in a single scrip / instrument
| CASH | |
|---|---|
| Turnover in Cr. ( average of last 30 trading days ) |
MAX EXPO in Cr |
| Below 1 Cr | 0.20 |
| 1 Cr to 20 Cr | 5 |
| 20 Cr to 50 Cr | 10 |
| 50 Cr to 250 Cr | 15 |
| >250 Cr | 30 |
| Poor Category | |
|---|---|
| Turnover in Lacs. (average of last 30 trading days) |
MAX EXPO in Lacs |
| >1 Cr | 50 |
| >10 Lacs to 1 Cr | 2 |
| <10 Lacs | 1 |
| FUTIDX | |
|---|---|
| Expiry |
MAX EXPO in Cr |
| Current Month | 150 |
| Next Month | 60 |
| Far Month | 30 |
| Other Index | 10 |
| OPTIDX | |
|---|---|
| Turnover in Cr |
MAX EXPO in Cr |
| <10CR | 15 |
| 10 to 100 | 50 |
| 100 to 500 | 100 |
| Above 500 | 500 |
| FUTSTK | |
|---|---|
| Turnover in Cr |
MAX EXPO in Cr |
| <50CR | 10 |
| 50 to 100 | 15 |
| 100 to 300 | 20 |
| >300 | 30 |
| OPTSTK | |
|---|---|
| Turnover in Cr |
MAX EXPO in Cr |
| <100 | 1 |
| 100 to 200 | 6 |
| >200 | 20 |
|
Precious Commodities (Crude Oil / Gold /Silver) |
MAX EXPO in Cr |
| >1000 Cr | 100 |
| 100 to 1000 Cr | 15 |
| Less than 100 Cr | 3 |
| Other Commodities |
MAX EXPO in Cr |
| >1000 Cr | 20 |
| 100 to 1000 Cr | 10 |
| Less than 100 Cr | 3 |
| Currency Future - USD INR |
MAX EXPO in Cr |
| Current Month | 150 |
| Next Month | 60 |
| Far Month | 20 |
| Currency Future - Other & options |
MAX EXPO in Cr |
| >500 Cr (USD INR) | 60 |
| >75 Cr to 500 Cr | 10 |
| Less than 75 Cr | 3 |
| BSE FO Options - INDEX | |
|---|---|
| Turnover (Cr) | MAX EXPOSURE (Cr) |
| Above 500 | 5 |
| 100 to 500 | 2 |
| 10 to 100 | 1 |
| <10CR | 0.25 |
| BSEFO Futures - INDEX | |
|---|---|
| MAX EXPOSURE (Cr) | |
| 1 |
Note - Currency segment currently inactive
AngelOne will monitor the clients 'open positions on regularly, in case gross exposure exceeds more than 500 crores in Long or Short in any of the direction consolidated on one underlying future or options, Same will be informed to clients and if required will not allowed to carry forward in the client account on best efforts basis. This provision will be always applicable irrespective of the client having deposited sufficient margin money for the same. This is with reference to NSE circular dated March 22, 2020 having circular reference no. NSE / SURV / 43915 (read with NSE / SURV / 44190 dated Apr 20, 2020 , NSE/SURV/44456 dated May 22, 2020, NSE/ SURV/ 44697 dated June 18, 2020 and NSE/SURV/45092 dated July 22, 2020,NSE/SURV/45485 dated August 26, 2020, NSE/SURV/45765 dated September 21, 2020,NSE/SURV/46124 dated October 22, 2020and NSE/SURV/46458 dated November 25, 2020).This will be subject to exchange norms which may change from time to time.
Client can view details of his/her ledger, holdings, margin shortfall etc. via secured login on AngelOne trading website. Regular intimations regarding debit, information about margin shortage with penalty amount, communication regarding liquidation is sent through SMS or email on the clients registered mobile number and email address respectively.
FNO
In case of margin shortage clients will be informed via SMS or email to full fill the shortage amount,
failing to which positions will be liquidated to the extent of margin shortage including the same day
MTM loss. The sequence for the liquidation will be the lowest margin, compulsory delivery
commodities.
AngelOne reserves the right to demand additional margins above the exchange margins to minimize
the risk factor in volatile market or any commodities and failing to which the positions can be
liquidated to the extent of margin shortage.
Client codes with Tender, intimation is sent to these codes via SMS 2 days before Tender. Clients are blocked for take fresh position on Tender day till Expiry date. Any Long open position will be liquidated on 1st day of the Tender period after intimation to clients to avoid unwanted physical delivery. Delivery can be allowed to clients only if the entire contract value is available in client’s ledger.
Commodity Contract Expiry Process:-Client codes which have Expiry, intimation to those clients are sent through SMS 2 days before expiry (Email to be included). Any short side open position will liquidate on Expiry Day to avoid unwanted physical delivery, failing which will be obliged for the delivery. If the intention of delivery is marked by the client, then the process below to be followed:
SMS Intimation to client will be sent from 1 day prior to Option Expiry. Any ITM open position will be liquidated in case of insufficient funds on Option Expiry to avoid being converted in the future contract. Options buy for all strike price for fresh positions will be blocked under carry forward product on expiry day.
Market Price Protection (MPP) allows you to place a market order along with a protection percentage to safeguard the execution risk.
Understanding the challenges posed by volatile markets, we have introduced this feature at Angel One to protect clients from unexpected and extreme price fluctuations. In simple words, when you place a market order, MPP will be applied, which means it will be placed with a protection percentage on the current market price. This will ensure your order will not be executed beyond the defined protection percentage.
For example, let's say Mr. A placed a buy order for XYZ stock at Rs. 500. Due to market volatility, the price suddenly jumped to Rs. 550. Without MPP, your order would be executed at a high price, like Rs. 600 or Rs. 610, etc. However, with MPP, your order would be executed within a percentage range, suppose this range is 10%, then the order will not be executed at more than Rs. 550 (assuming 500 LTP and 10% protection range).
At Angel One, we prioritize your safety and trust. Our MPP policy reflects our commitment to creating a secure and reliable trading experience. By minimizing risks during unpredictable market conditions, we help you to make better-informed decisions while staying protected.
Here’s our MPP Policy.
|
Cash Stock for both NSE and BSE (LTP) |
Protection (%) |
|
Less than ₹10 |
10.00% |
|
More than ₹10 |
0.50% |
|
NFO and BFO |
|
|
FUTSTK |
1.00% |
|
FUTIDX |
0.50% |
|
OPTIDX |
|
|
Less than ₹10 |
20.00% |
|
₹10 - ₹20 |
10.00% |
|
₹20 - ₹50 |
5.00% |
|
More than ₹50 |
2.50% |
|
OPTSTK |
|
|
Less than ₹10 |
40.00% |
|
₹10 - ₹20 |
20.00% |
|
₹20 - ₹50 |
10.00% |
|
More than ₹50 |
5.00% |
|
MCX and NSE Commodity |
|
|
Futures |
|
|
Gold |
0.50% |
|
CrudeOil |
1.00% |
|
Options |
|
|
Less than ₹10 |
20.00% |
|
₹10 - ₹20 |
10.00% |
|
₹20 - ₹50 |
5.00% |
|
More than ₹50 |
2.50% |
Disclaimer: The above percentage may change depending on the market conditions.
Important Points Regarding Our Policy
Special Scenarios
Intraday products are designed for higher market exposure to Clients in Equity Cash /Derivatives /
Currency and Commodity markets, against a given investment. This product is suitable to Clients who are keen to make most out of favorable market movement from a given investment. The product allows the
Client market exposure several times more than what would otherwise be possible in the normal order
types with a given amount as margin. Intraday products are opened for the day and square off the same
day, following certain pre-defined logic.
Note - Currency segment currently inactive
In a regular margin-based trading scenario, on Rs. 18,000/- as margin in the derivative segment, a Client would be able to take one NIFTY, if one NIFTY is Rs. 2 lakh and the margin required is 9%. By opting for our Intraday product, against the same amount of Rs. 18,000/- a Client can obtain as many as 6 NIFTY contracts, which would mean 6 times higher return on the same investment.
How to place Orders as Intraday Product:To trade in this product, Orders must be placed specifically marked as “Intraday” trade. Clients may place orders for this product offline or online modes, as in the case of regular orders.
Benefit of limit multiplier:Clients have the option of choosing the number of times higher exposures (multiplier) is required by them subject to the maximum multiplier limit prescribed for the segment.
| Limit | |
|---|---|
| Equity Futures and Options Sell, EQ Cash, commodity futures and Currency futures | 1 x |
| Options Buy - Equity, Currency and MCX Commodity | 1 x |
Note - Currency segment currently inactive
All Intraday positions shall be squared off the same day following a predefined logic, automatically. Square off in different segments shall be carried out as per the time schedule shown below:
| Segment | Square off time (Time based square off) |
| Bracket order | 3.10 pm and closure of the market |
| Cash Segment (NSE & BSE) | 3.15 pm and closure of the market |
| Derivatives Segments (NSE FO & BSE FO) | 3.20 pm and closure of the market |
| Normal Trading day in MCX | 15 mins before as per standard time (11.15 pm & 11.40 pm (when Market ends at 11.55 pm) |
| Currency & Commodity Agro | 4.45 pm and closure of the market |
| MCX Options Expiry day (All intraday position) | 45 Mins before normal time |
| NSE Commodity all intraday Position (non Agro) | 11.15 pm & 11.40 pm (when Market ends at 11.55 pm) |
Note - Currency segment currently inactive
However, if the market loss on “Intraday” positions reaches 80% (the trigger) of the total funds (cash and cash equivalent of collateral securities as adjusted to hair cut) available, the “INTRADAY” positions would be closed out as soon as the trigger is reached. In this case, all open positions across all segments, i.e., including positions other than Intraday positions, will also get squared off simultaneously. The Risk Management System of Angel (RMS) will constantly monitor the “Intraday” positions for the Clients and close them out accordingly.
After the positions are squared off, whether time-based or trigger based, no fresh Intraday positions would be allowed for the day, and all pending orders would be cancelled. Clients have the option of squaring off the Intraday positions any time before they are squared off as per the above pre-defined logic. They will also have the option to convert INTRADAY positions before they are squared off into CARRYFORWARD positions as explained below.
Angel will notify the Clients through SMS and/or emails, if the Intraday positions incur MTM loss. SMS intimation would be sent when the MTM loss is at 50%, 70% and 80% of the total funds (cash and cash equivalent of collateral securities as adjusted to hair cut) in the Client account. Client may make payment online (net transfer) to replenish funds so that compulsory square off trigger is not activated which shall be across positions in all segments.
One can take higher leverage on a given investment as per one’s risk appetite. For example, one can take maximum leverage up to 1 time of the margin available (Cash + Collateral) in derivatives segment.
Intraday Product is an intraday order facility, wherein client’s orders are squared off the same day following certain pre-defined logic. The margins blocked against Intraday product would be a reduced amount depending upon the limit multiplier. Higher the multiplier limit, proportionally lower, would be the per unit margin for the positions contracted. The Intraday position is monitored by Angel RMS and squared off on T Day, which shall be either time based or trigger based, whichever event occurs first.
When the intraday positions are squared off at the trigger (i.e., when MTM loss equals or exceeds 80% of the total funds (cash and cash equivalent as adjusted to hair cut), all open market positions, across all segments, whether in the same scrip or not, get squared off automatically. Except in this situation, positions other than Intraday positions would not be affected; they would be maintained subject to availability of margin as per the margin norms unless the Client initiates square off. It is further clarified that when available funds (cash and cash equivalents) are eroded by 80% due to MTM in any positions, not necessarily Intraday positions, all open interests, including carry forwards shall be auto squared off, following auto-square off policy.
Clients are required to be cautious and careful while taking Intraday positions as they are leveraged products and hold the potential of not only yielding high profits but also of magnifying the losses as compared to normal trade.
The availability of Intraday products will depend upon Angel’s assessment of market volatility and risk. Angel may withdraw or temporarily disable the facility to place orders as Intraday orders without assigning any reasons.
In the cash segment, Intraday positions can be taken only in shares that are also admitted for trades in futures market. In cash and derivative segments, trading is allowed depending upon liquidity of the shares/contracts. Clients may check the list of scrips restricted for trade notified by Angel from time to time.
Option to place Intraday order is available in all our Online Trading platforms. Place order from any of the trading platforms at your convenience. In the order placement screen select product type “Intraday” while placing order.
All the pending unexecuted Intraday orders (partially or fully) can be modified or cancelled anytime before execution. Margin requirements will be recalculated and adjusted accordingly.
Exposure / Trading Limit are calculated based on Net Available Balance (Ledger balance + Margin pledge share holding (after Haircut).
No charges, except for brokerage and other levies as applicable on regular trades.
All losses including loss in Intraday products have to be cleared promptly. If available cash credit is nil or insufficient, collaterals would be enforced to recover the unpaid dues.
All such orders would be cancelled immediately before time based square off is initiated.
NO. In such case, remove/cancel the pending Intraday order and place a new order in Carry forward.
Yes, provided the conversion is carried out before the positions are squared off as per the pre-defined logic and full VAR margin required for regular trade in the positions sought to be converted is made available.
Yes, provided the conversion is carried out before the positions are squared off as per the pre-defined logic and full margin (Span + Exposure) required for regular trade in the positions sought to be converted is made available.
3 leg order (bracket) allows placing an order with a Profit target and stopping loss target in a single order screen. This means that as soon as the main order is executed the system will place two more orders (profit taking and stop loss) - When one of the two orders (profit taking or stop loss) gets executed, the other order will get cancelled automatically.
Margin applicable will be Limit Price– Stop loss price * Qty + Applicable VAR Margin
Important Features of the Bracket order
| Segment | Square of time |
| Equity Cash and NSE FO (FUTURE BUY & SELL) | Between 3.10 pm and closure of the market |
** Bracket Order is enabled only on Angel Speed Pro and CTCL Terminals. This facility is available for Equity cash, derivatives (Future buy and sell). All the scrips / contracts which are available for trading in the regular trading system, would be available for trading in 3-leg leg order
Get the link to download the App
