Single Margin Trade Facility:
Starting 23rd Dec 2019, we unfold a new chapter of trading in the Indian Stock Market where commodity and Equity clients can trade with a Single Margin Trade.
History of Single Margin Trade Facility (SMF).
The Indian Derivatives market is divided between equity, currency & commodity market where
- Equity & Currency market was regulated by forwarding Market was regulated by SEBI and
- The Commodity market was regulated by the forwarding Market Commission (FMC).
In the Year 2015 Mr. Arun Jaitley (Finance Minister of India) presentation of Budget, Proposed SEBI as the single regulator of equity, currency result. SEBI on 28th Sep 2015 took charge as the single regulator. And SEBI being a single regulator on Sep 2017 proposed trading in equity and commodity market with SMT (Single Margin Trading).
Why Single Margin Trade Facility (SMF):
Individuals who trade in both equity and commodity market have to transfer money to two companies (Equities and Commodities) and this was a huge constraint as it word result in regular transfers between these accounts which were time-consuming costly, required more working capital& lastly inefficient use of funds – loss of opportunity which is of great importance in Equity and Commodity account will cause him additional money i.e. transfer charges and don’t forget the additional time and inconvenience and making Pay-out’s Even.
For Existing Alice blue ABCPL Clients :
1) Procedures for Shifting or moving an account from ABCPL to ABFSPL?
For MCX Shifting Consent letter: Check out Circular
*Still having doubts: Request all you to contact Direct respective Branches. Contact us
2) How to shift your Open Position from ABCPL to ABFSPL?
Those who are having Open/Carry Forward Positions as on 20th Dec 2019, the client will get Pay-out 80% from ABCPL (on 21.12.2019) and the Positions will carry to ABFSPL for next trading day (23rd Dec 2019).
Client needs to transfer the same 80% Pay-out which received to ABFSPL, once ABFSPL receives the same pay-out amount ABCPL will release the rest of 20% Hold funds to clients.
NOTE: The Client must do Pay-in to ABFSPL the same amount which received from ABCPL, to avoid the inconvenience in trading with existing positions.
3) How to do Payout ABCPL- MCX?
The client needs to send a request to ABCPL for the Pay-out.
Active clients: For Active clients, default Payout will be given during December 21, 2019 Morning and they can do Re-payin on the same day itself.
Inactive MCX Clients- ABCPL: For inactive Clients – They should give requests for Payout from Trading Backoffice and Payout will process on the same day, and they can do Re-payin on the same day itself.
Here we are giving the Bank account details where the funds to transfer which had received from ABCPL. The transferred amount will be credited in client ledger, which we treated as for Single Margin. Using the same margin, the Client can do trade in all segments like Equity, Derivatives (NFO and MCX) and Currency.
4) How to do Payin in ABFSPL?
Bank Details: Clients can do Payin through ECMS, ATOM, UPI, ANT trading Platform or through Back office
For Details Visit:
|VIRTUAL ACCOUNT NUMBER||ABFSPL < CLIENT CODE >|
Client Code : ABC123
Virtual Account Number : ABFSPL < ABC123 >
Important Note*: Transfer your Fund through Registered Bank & UPI ID Only
|Mode of Transfer||Reflection||Proof Required||TAT|
|UPI through Back Office||Reflect Immediately in Back Office||Not applicable||Within a minute|
|UPI through Bank||Reflect Immediately in Ledger||YES||15-30 minutes from the time to transfer|
|ATOM through Back Office||Reflect Immediately in both Trading Platform and Back Office||Not applicable||Within a minute|
|ATOM through Trading Platform||Reflect immediately in Trading Platform (Reflect in Ledger by the EOD)||Not applicable||Within a minute|
|HDFC BANK||Reflect Back Office & Trading Platform – 3 hrs from the time of transfer||Not applicable||3 hours from the time of transfer|
|NEFT/ RTGS(Same Bank)||Reflect Back Office & Trading Platform||Payin request in Back Office||15-30 minutes from the time to transfer|
|NEFT/ RTGS(Other Bank)||Reflect Back Office & Trading Platform||Payin request in Back Office||3 hrs from the time of transfer|
|CHEQUE||Reflect Back Office & Trading Platform||Payin request in Back Office||Same bank – 1 day, Other banks – 3-5 Days|
|DD||Reflect in Back Office & Trading Platform||Payin request in Back Office||3-5 days|
Points to Remember while Shifting:
We are always changing ourselves to give the best service to clients, Single Entity Margin also one of them, but we are expecting some support from our (client) end also.
The following points to be noted while Migration:
- Who are registered with ABCPL those clients only can shift their accounts to ABFSPL.
- For Shifting client must have to submit “MCX Consent Letter” to ABFSPL as well ABCPL.
- If the client account very old, the client must provide all the details which will help to activate the account with ABFSPL.
- The client needs Pay-in the same amount to ABFSPL which he had received from ABCPL, to avoid the inconvenience in trading with existing positions.
- Most Important clients cannot place any order in ABCPL from 23rd Dec 2019.
Important Reference Links: