Product Codes 


Each order placed must have a product code and an order type. Let us see the different product codes and order types.

The basic three product codes are the following:


1. MIS applies to all intra day positions you take while trading Equities (cash)/Equity Derivatives/Commodities and currency derivative.It stands for Margin Intraday Square-off. If you do not square off the positions taken under MIS on the same day, the system will automatically sqaure off the same from 30 min before closing of market hours.

2. CO stands for Cover Order and BO stands for Bracket order and positions taken under this order type are also intra-day positions only and will be square off 30 min before market closing. To know more about how you can get higher exposure or save on margins using cover order click here. The margins used by Bracket order are same as cover orders expect that in Bracket order you have the additional facility of placing a target order and a trailing stop loss order.

3. CNC stands for Cash and Carry. It is aplicable only while trading equity (cash) for delivery. No leverage is given under this product.

4. NRML stands for Normal Product.It is applicable while trading Equities (cash)/Equity Derivatives/Commodities and currency derivative.

5. MTF stands for Margin trade funding. Clients who are enabled for MTF can place orders under this product code. For more details on MTF click here.


Note that MIS,CO and BO are intra-day product while CNC and NRML are delivery/carry forward product codes.


Listed below are the products available for the trading and the Exposure / margin required for trading in various segments of the exchanges for both delivery / carry forward & Intraday.


Products 
  Type 
Exposure -Equity
Margin – Equity Futures / Options selling
Margin – Currency Derivatives
Margin – Commodity Futures / options selling
Margin – Equity / Commodities options BUY
MIS (Margin intra-day square off)

Intraday with auto square off

10X on all derivatives stocks

50% SPAN +50%  Additional margin

50% SPAN +50%  Additional margin

50% SPAN +50%  Additional margin

100% of Premium Value for Equity and Commodity 

NRML (Normal)

Delivery / carry forward

2X for securities where the VAR margin < =20%, for the Group 1 stocks, and 1X for all the other Group 1 securities

100% SPAN +100%  Additional margin

100% SPAN +100%  Additional margin

100% SPAN +100%  Additional margin

100% of Premium Value

CNC (cash and carry)

Delivery

1 time

NA

NA

NA

NA

CO / BO (Cover order) / Bracket Order

Intraday with auto square off

Between 30X - 40X on all F&O stocks

3% of the Contract value & Stop Loss 3% Compulsory

NA

20% SPAN or SPAN / 5 for commodity futures and NA for Commodity options

NA

MTF

Delivery

VaR + 3.5 times applicable ELM on Group I stocks available for trading in the F&O segment and VaR + 6 times applicable ELM on other approved stocks

NA

NA

NA

NA


Any order placed under MIS and CO & BO will automatically be squared off within half an hour before the market closes for respective exchange segments or the Intraday MTM reaches 80% whichever is earlier. To read our complete risk management policy click here.


Navia offers trading only in the non agri products in MCX exchange and agri products are not allowed for trading in the Commodities trading platform offered by Navia. Further in the non agri segment Navia does not allow for delivery of contracts and the same is restricted in the system.


* SPAN and MTM as levied by the exchange


Do check our commodity margin and span margin calculators 


Order Types

Limit Orders

Market Orders

Stop Loss Orders

Stop Loss Market Orders

Cover Orders

Bracket order

Spread Orders