What are the changes in F&O margins in the last 5 days of expiry?

What are the changes in F&O margins in the last 5 days of expiry?

Due to the physical settlement rule in F&O segment, there will be some changes in the margin in the last 5 days of expiry. There are no changes in the margin of the index as there is no physical settlement in an index.

Please find below the margin requirements of FNO stocks: -

E-4 Day (Friday EOD) 10% of the applicable (VAR+ELM+Adhoc) margin required

E-3 Day (Monday EOD) 25% of the applicable (VAR+ELM+Adhoc) margin required

E-2 Day (Tuesday EOD) 45% of the applicable (VAR+ELM+Adhoc) margin required

E-1 Day (Wednesday EOD) 70% of the applicable (VAR+ELM+Adhoc) margin required

E-Day (Thursday) 100% of the applicable (VAR+ELM+Adhoc) margin required