For this, the broker has to open a separate Demat account labeling ‘ TMCM – Client Securities Margin Pledge Account’ (TMCM stands for Trading Member Clearing Member). But from Sept 1, 2020, the stock will continue to remain in your Demat account and can be directly pledged to the clearing corporation. Till now, whenever you pledge your stocks as collateral securities, they move from your Demat account to the broker and in turn to the clearing corporation. Get the complete details about Zerodha margin pledging system including charges, benefits, and more. The regulation mainly consists of new pledging and margin rules for stocks and F&O trading on BSE, NSE, and MCX, which will be applicable with effect from 1 st Sep 2020. To reduce the risk on the financial market and curb the practice of excessive leverage, SEBI has come up with new margin norms.
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