Margin limit is 50,000Rs, tell me how to use it ?

TellMeWhy · 1 Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 8:44 am

TellMeWhy

Stock Trader

Posts : 7
Equity Stars : 5026
Reputation : 0
Join date : 2011-03-01

Say my Margin limit is 50,000Rs and my Cash Balance is 40,000Rs. So my buying power will be 90,000Rs now.
I buy some stocks spending all 90,000Rs using margin limit money.

Do I have to pay 50,000Rs( margin limit ) them with in T+3 days ? or Can I wait till credit clearance ?
or what , enplane please..

Educate meeeeeeee :)

"Thank you" and "bohoma PIN" in advance..

Milindaperera · 2 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:03 am

Milindaperera

Senior Equity Analytic

Posts : 66
Equity Stars : 5184
Reputation : 20
Join date : 2011-02-15
Location : Colombo

Telmewhy = Question bank ? Smile

Answer is no. You dont have to Settle within T3+ since you have used your margin facility not credit. You can settle your margin 50,000 later. But you will have to pay the monthly interest till you settle that debt. Hop you got it.!

Fresher · 3 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:07 am

Fresher

Moderator

Posts : 1498
Equity Stars : 7705
Reputation : 163
Join date : 2011-02-04

For a credit of 50k i assume ur portfolio is worth 100k. (I assume ur are referring to broker credit here)

then with the 40k cash balance you can buy upto 90k

you have to pay the amount you buy on credit within T+5 if not ur broker will sell shares worth that amount to cover. If your shares are in red, then you may lose part of ur existing portfolio.

Milindaperera · 4 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:17 am

Milindaperera

Senior Equity Analytic

Posts : 66
Equity Stars : 5184
Reputation : 20
Join date : 2011-02-15
Location : Colombo

It is not clear .. Did you bought with credit or you have a margin trading account? If you use margin trading account,you dont have to worry about T3+.

Fresher · 5 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:19 am

Fresher

Moderator

Posts : 1498
Equity Stars : 7705
Reputation : 163
Join date : 2011-02-04

Milindaperera wrote:It is not clear .. Did you bought with credit or you have a margin trading account? If you use margin trading account,you dont have to worry about T3+.

well, i don't think there's a margin trading account with only a 50k limit Very Happy

TellMeWhy · 6 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:20 am

TellMeWhy

Stock Trader

Posts : 7
Equity Stars : 5026
Reputation : 0
Join date : 2011-03-01

it says Margin Limit, I use DirectFN online trading..
it says nothing about Credit ...

so i guess its margin.

anyone with DirectFN..

Milindaperera

Milindaperera

Senior Equity Analytic

Posts : 66
Equity Stars : 5184
Reputation : 20
Join date : 2011-02-15
Location : Colombo

Now its clear.Its not margin trading account. Its just buying against credit. es,you have to settle your debt according to T3+ rules.

TellMeWhy · 8 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 1:27 pm

TellMeWhy

Stock Trader

Posts : 7
Equity Stars : 5026
Reputation : 0
Join date : 2011-03-01

okey thanx guys.. i got it now :)

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

Margin limit is 50,000Rs, tell me how to use it ?

1 Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 8:44 am

TellMeWhy

2 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:03 am

Milindaperera

3 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:07 am

Fresher

4 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:17 am

Milindaperera

5 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:19 am

Fresher

6 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 9:20 am

TellMeWhy

7 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 10:17 am

Milindaperera

8 Re: Margin limit is 50,000Rs, tell me how to use it ? Wed Mar 23, 2011 1:27 pm

TellMeWhy

9 Re: Margin limit is 50,000Rs, tell me how to use it ?

Sponsored content

New topics