New margin rules result in unwarranted penalties on trading members: Anmi

Anmi favours a model that may predict peak margins to be complied with by trading member so that on any given day upfront compliance may be considered based on margins for T-1 day

Brokers have raised concerns that new margin requirements are resulting in unwarranted penalties on trading members, who are being mandated to collect money upfront even before clients undertake trades.
 
The Association of National Exchanges Members of India (Anmi), an industry body for brokers, has written to the Securities and Exchange Board of India (Sebi) highlighting some of the issues. Penalty for margin shortfall or non-collection is in the 0.5-1 per cent range, depending on the short collection.
 
According to Anmi, members should be allowed to pass on peak margin penalty to the client when the margins levied for