E-Broking >
Terms & Condition for Opening Online Trading
Account
Margin Requirement
Minimum margin requirement is Rs. 50,000/-, which has
to be paid at the time of opening account.
Brokerage Structure for Online Derivatives Trading
Futures Brokerage
Buy
Sell
0.10 percent
on Contract Value
0.10 percent on Contract Value
Options Brokerage
Buy
Sell
0.10 percent
on Strike Price + Premium
0.10 percent on Strike Price + Premium
Note: In addition 5% Service Tax will be charged on
the total brokerage.
Example
1. Individual Buy or Sell Orders
Brokerage
0.10% of the contract value.
Margin*
10% of the contract value
Example
Order type
Futures Series
Index Value
Quantity
Buy
July
1200
1 (One)
The contract value would be
1200 x 200(lot size)= Rs 2,40,000
Brokerage
2,40,000 x 0.10%= Rs 240
Margin
2,40,000 x 10%= Rs 24,000
2. Spread Order
A calendar spread is a derivative strategy, which
generally involves the purchase or sell of nearer term contract and taking reverse
position on the farther term contract of the same type.
Brokerage
0.??% of the contract value.
Margin*
???% of the contract value
Example
Order type
Futures Series
Index Value
Quantity
Buy
July
1200
1 (One)
Sell
August
1210
1 (One)
Brokerage Payable
(2,40,000 x 0.10%) + (2,42,000 x 0.10%) = Rs 482
Margin Payable
Spread Qty (which is the same for both legs) * far month
Contract Price * spread margin %
1 x 2,42,000 x 1% = Rs 2,420
Banking Accounts
a) It is recommended that client opens a HDFC
Bank account in order to transfer funds online. otherwise, b) Payments can be sent through Demand Draft
of Rs. 50,000/- in favour of Emkay Share & Stock Brokers Pvt. Ltd. payable
at Mumbai.
Account opening charges
Rs XXX/- ( Rupees X Hundred Only )
Note 1. At the End Of Day the Margin figures on all outstanding
positions will be calculated on the basis of SPAN.
2. All Mark to Market margins for the futures contracts are settled on 'T' basis,
where 'T' is the trade day.
