Which stocks can be pledged as collateral at Jainam for the MTF margin?
Which stocks can be pledged as collateral at Jainam for the MTF margin?
At Jainam, stock approved for MTF funding and stock eligible as collateral for MTF margin are the same. To know which stocks can be pledged as collateral for MTF margin, see Jainam's approved stock list for MTF.
RELATED FACTS:
Only equity shares in the Group 1 category in both the NSE and BSE are approved for MTF funding, as well as eligible to be pledged as collateral for MTF margin. The margin will be provided after deducting an appropriate haircut.
Form of MTF Margin: The initial margin payable by the client shall be in the form of cash, cash equivalent, or as stock collateral from pledging Jainam's approved stock list for MTF.
Change in funding due to change in value of collaterals: In case of an increase in the value of collaterals/pledged stocks, Jainam at its sole discretion, has the option of granting further exposure to the client subject to applicable haircuts. To know more, see What happens if the value of the stock pledged at Jainam decreases or increases?