Dear Sir,
I had allocated Rs 40,000 and Sold Nifty Futures on 7th March 2014 1 Lot = 50 Quantity @ 6584.30
Total Traded Value was 329215 (6584.30*50) on which
Brokerage @ 164.61
Service Tax on Brokerage @ 20.35
STT @ 33
SEBI Charges 0.33
Transaction Tax @ 6.58
Stamp Duty @ 6.58
Total : - 231.45
Margin Amount @ 26459.20
Closing Price on Nifty = 6614.80
Loss = (6584.30-6614.80)*50 = -1525
Available Limit = 40000 - 26459.20 - 1525 - 231.45 = 11784.35
Now Closing Price on Nifty at 10th March 2014 = 6630.45
The F&O Margin Statement shows
Net Amount allocated from bank account (A) = 11721.75
Which means a straight difference of Rs 62.6/- and the same got debited from my bank account.
i am unable to understand this amount as i want to prepare a calculation excel for the furthur transaction in Futures & Options.
this debit has been refrenced into my bank account as
EBA/F&OMargin10-Mar-2014/20140310190811
this is apart from the loss occurred on 10th.
any help to understand this would really be helpful.
I had allocated Rs 40,000 and Sold Nifty Futures on 7th March 2014 1 Lot = 50 Quantity @ 6584.30
Total Traded Value was 329215 (6584.30*50) on which
Brokerage @ 164.61
Service Tax on Brokerage @ 20.35
STT @ 33
SEBI Charges 0.33
Transaction Tax @ 6.58
Stamp Duty @ 6.58
Total : - 231.45
Margin Amount @ 26459.20
Closing Price on Nifty = 6614.80
Loss = (6584.30-6614.80)*50 = -1525
Available Limit = 40000 - 26459.20 - 1525 - 231.45 = 11784.35
Now Closing Price on Nifty at 10th March 2014 = 6630.45
The F&O Margin Statement shows
Net Amount allocated from bank account (A) = 11721.75
Which means a straight difference of Rs 62.6/- and the same got debited from my bank account.
i am unable to understand this amount as i want to prepare a calculation excel for the furthur transaction in Futures & Options.
this debit has been refrenced into my bank account as
EBA/F&OMargin10-Mar-2014/20140310190811
this is apart from the loss occurred on 10th.
any help to understand this would really be helpful.
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