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Single Margin Trade in ABFSPL for all Exchanges from Dec 23, 2019

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?

“Every time we are here to give our best service to clients”
For thinking the same we made very easy to be shifting or Moving account from ABCPL to ABFSPL. Who already registered with ABCPL for MCX, those clients must submit “MCX Consent Letter” to ABFSPL to Trade commodity with Single Margin Facility.
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?

“We will always think about the client benefits”
We will not Square off any open position which was lying with ABCPL.
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?

“Client wealth is our Health”
We would like to inform you that from 23rd Dec 2019, ABFSPL has provided equity and commodity trading facility can integrate both their companies into one entity which will allow a single company thus a single margin account. So, with the new all in on margin account client needs like before transferring money between equity and commodity account and this will save the additional money i.e. Transfer charge and the additional time and inconvenience.

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:

Bank details UPI Fund Transfer Refer Circular
 

Mode: NEFT/RTGS | Proof Required: YES | TAT: 30 min

BANK NAMEHDFCBANK
ACCOUNT NUMBER57500000090010
IFSC CODEHDFC0000232

 

Mode: ECMS | Proof Required: NO | TAT: Immediate

VIRTUAL ACCOUNT NUMBERABFSPL < CLIENT CODE >
IFSC CODEHDFC0000232

Example Scenario:

Client Code : ABC123
Virtual Account Number : ABFSPL < ABC123 >

Important Note*: Transfer your Fund through Registered Bank & UPI ID Only

Mode of TransferReflectionProof RequiredTAT
UPI through Back OfficeReflect Immediately in Back OfficeNot applicableWithin a minute
UPI through BankReflect Immediately in LedgerYES15-30 minutes from the time to transfer
ATOM through Back OfficeReflect Immediately in both Trading Platform and Back OfficeNot applicableWithin a minute
ATOM through Trading PlatformReflect immediately in Trading Platform (Reflect in Ledger by the EOD)Not applicableWithin a minute
HDFC BANKReflect Back Office & Trading Platform – 3 hrs from the time of transferNot applicable3 hours from the time of transfer
NEFT/ RTGS(Same Bank)Reflect Back Office & Trading PlatformPayin request in Back Office15-30 minutes from the time to transfer
NEFT/ RTGS(Other Bank)Reflect Back Office & Trading PlatformPayin request in Back Office3 hrs from the time of transfer
CHEQUEReflect Back Office & Trading PlatformPayin request in Back OfficeSame bank – 1 day, Other banks – 3-5 Days
DDReflect in Back Office & Trading PlatformPayin request in Back Office3-5 days

Points to Remember while Shifting:

“All the Time we are there to give our best support to Clients”

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:

  1. Who are registered with ABCPL those clients only can shift their accounts to ABFSPL.
  2. For Shifting client must have to submit “MCX Consent Letter” to ABFSPL as well ABCPL.
  3. If the client account very old, the client must provide all the details which will help to activate the account with ABFSPL.
  4. 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.
  5. Most Important clients cannot place any order in ABCPL from 23rd Dec 2019.

Important Reference Links:

Circular 01Circular 02Circular 03

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