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 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.

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.

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

Following are the leverages provided under each product code:



Segment

Intra-day Leverage under product code MIS 

Intra-day Leverage under product code CO
Equity Cash  10X on all F&O Stocks 30-40 X on all F&O Stocks
Equity Futures  50% of SPAN + MTM Margin (Exposure Margin)* 25% - 30% of SPAN + MTM Margin (Exposure Margin)* on all F&O Stocks. 
Currency Futures  50% of SPAN + MTM Margin (Exposure Margin)*

NO

Commodity Futures  25% of SPAN + MTM Margin (Exposure Margin)*
( 4 times exposure)

20%  of SPAN + MTM Margin (Exposure Margin)*

(5 times Exposure )


Segment Carry Forward Margin (Product type NRML)
Equity Cash 4X for F&O scrips, 2X for scrips where the VAR margin <= 20%, and 1X for scrips where the VAR margin > 20%
Equity Futures SPAN + MTM Margin (Exposure margin)*
Currency Futures

SPAN + MTM Margin (Exposure margin)*

Commodity Futures

SPAN + MTM Margin (Exposure margin)

* 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

Simultaneous Orders