Sebi issues norms to calculate margin requirements for intra-day snapshots

Sebi clarified that the change is only for the purpose of verification of upfront collection of margins from clients

Capital markets regulator Sebi on Tuesday issued a frame­work for calculating margin requirements to be consid­ered for the intraday snap­shots in the derivatives segments. The new frame­work will come into effect from August 1, the Securities and Exchange Board of India said in a circular. 

“It has been decided that the margin requirements to be consid­ered for the intra-day snapshots, in derivatives segments, shall be calculated based on the fixed Beginning of Day margin parameters," the regulator said. 

The decision has been taken after considering representations received from market participants and based on deliberations with various stakeholders. The BOD margin parameters would