Mark to Market (MTM) margin:
- MTM margins shall be collected from the members as a security towards their future settlement obligations. MTM margin is collected wherein the transaction price is less than the end of the day close price of the security for the sell position. Similarly, MTM margin is collected wherein the transaction price is greater than the end of the day close price of the security for the buy position. If the security is not traded for the day, then close price would be latest available close price.
Margin shall not be applicable for the Institutional Market, RFQ and reported deals which are settled under DVP-I settlement.