Other MTF Queries

What is “Interest on MTF(SAM)” and why am I being charged this?

The remark “Interest on MTF(SAM)” appears when you create positions in MTF using Shares as Margin (SAM) limits instead of cash. Interest will be charged on the limits that have been utilized to create these positions. The rate of interest is the same as your existing applicable MTF interest rate.

The interest cycle for it starts from T+1 day (T being the buy date) and ends on the day when the position is squared off.

For example, if you create a position in MTF on Monday using Shares as Margin limits and sell it on Thursday, you will be charged interest on Tuesday, Wednesday and Thursday.