Stockbrokers to seek Sebi clarity on peak margin math after EPI relief

What happened: Some Indian stockbrokers plan to ask Sebi to clarify how peak margin is calculated for subsequent cash-market trades after early pay-in (EPI), following Sebi's decision to waive additional margins on such trades. Key numbers: Sebi circular dated 22 October; new rules take effect 22 February 2027, four months after the circular. Why it matters: Brokers worry a peak margin snapshot could capture the subsequent position without accounting for the waiver, creating a compliance discrepancy. The relief could ease liquidity constraints for small and medium-sized brokers.

Some Indian stockbrokers plan to ask Sebi to clarify how peak margin is calculated for subsequent cash-market trades after early pay-in (EPI), following Sebi's decision to waive additional margins on such trades.

Brokers worry a peak margin snapshot could capture the subsequent position without accounting for the waiver, creating a compliance discrepancy. The relief could ease liquidity constraints for small and medium-sized brokers.