We are pleased to announce an expansion of the current list of Government Securities eligible for pledging, starting from Wednesday, 17 May 2023. Dhan users will have the opportunity to obtain 90% of the collateral value as margin, which can be utilized as a Cash Equivalent margin. Kindly refer to the updated list provided below.
@Beena The sole purpose of the NCL file (which gets updated around 20th of every month) is to notify the securities which are approved for re-pledging. However, for margin calculation and reporting, we use the EOD VaR file. Operationally the NCL file is just taken as a reference for minimum haircut that we apply. Just to cite an example, for liquid bees, we apply a haircut of 8% on the contrary to 10% which is as per the NCL file.
Thanks for the reply.
Both STT & Stamp duty are not to be charged while buying GSecs. Only exchange transaction charges & GST on that can be charged as per regulations.
So, kindly ensure that stamp duty is also not applicable
@Beena Yes, we are aware of this. However, as I previously mentioned, we utilize the EOD VaR file for margin calculation and reporting. In fact, it is common for the majority, if not all, brokers to employ the same EOD VaR for this specific purpose. It should be noted that brokers may also implement additional haircuts based on their Risk Management policy. Nevertheless, we do not apply any additional haircut for the CASH component.
@Beena Its the NSE EOD VaR which is additional 5% to 8% over the NCL haircut. When I say brokers may also implement additional haircuts based on their Risk Management policy, it means over and above the haircut levied by NSE EOD VaR which we do not apply.
Looking at your list I bought IN0020070069 through IDBI and its available in my demat also. But when I am trying to pledge , your application shows that it’s no eligible . This does not give enough confidence if I go for enough buying in coming days. Please help
Looking at your list I bought IN0020070069 , but it is available in demat account , showing up in portfolio , but its not elligible for pledging. Everytime this issue happens , need to reachout through chat , but its just a robot …no solution provided. Kindly help. There is no consistency in your seamless pledging experience .
Thanks for giving attention , I just gone with a small amount buying govt secs to check the pledging mechanism here in DHAN, however experience not too great so far. Hoping it would be resolved soon. Then I can go for big quantity buying.
Hi @Divyesh , many days I am not seeing any pledged instruments too. Why so inconsistency ? portfolio of instruments randomly visible . Take example of today , I don’;t see the portfolio or pledged instruments today.