General

What is EOD MTM (End of Day Mark-to-Market)?

At the end of each trading day, your open positions are re-valued based on the closing prices (settlement prices).

• Profits: Credited to your bank account on T+1 day in afternoon.
• Losses: Debited from your bank account on next day in morning EOD process.

Example:

Day 1: Monday

Buy Price: ₹225,000 (Silver Micro-1 kg)

Market Closing Price: ₹230,000

What happens? The price went UP by ₹5,000 per kg, means you are in MTM profit.

Calculation: ₹5000 x 1 = ₹5,000 Profit.

ICICI Direct Action: ₹5,000 will be credited to your bank account on T+1 day in afternoon.

Day 2: Tuesday

Starting Price: ₹230,000 (The previous day's close)

Market Closing Price: ₹228,000

What happens? The price went DOWN by ₹2,000.

Calculation: ₹2,000 x 1 = ₹2,000 Loss.

ICICI Direct Action: ₹2,000 will be debited from your bank account or adjusted with available margin. If your allocated limits (cash or collateral) are low, you might need to add cash or securities limit to your commodity segment to keep the position safe.

Day 3: Wednesday (You decide to Sell/Exit)

Starting Price: ₹228,000

You Sell at: ₹229,000

What happens? The price went UP by ₹1,000.

Calculation: ₹1,000 x 1 = ₹1,000 Profit.

ICICI Direct Action: Your trade is closed. The ₹1,000 will be credited in your bank account, and your blocked margin will be released.