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📊 MTM Configuration​

MTM Shall be calculated based on current market price for applicable position as defined in Master config

⚙️ Master config used in calcualtion​

📝 Config Key Desc🔧 Config Key Value📦 Key Source
Interop Enable / Disable (INTEROP_FLAG)ToggleMasterConfig-Segment-Interop
Default Base Exchange - Market Data(DEF_BASE_EX_MKTDATA)DropdownMasterConfig-Segment-Interop
Default Value
CASH-NSEEQ
FNO-NSEFNO
CURR-BSECDS

🌐 Interop Impact​

In case Interop is on then System shall refer combined segment exposure to calculate MTM, however in case of Interop is OFF then system shall refer base exchange exposure.

Current Scope of Interop is ON for Cash, FNO & CURR segment and OFF for Comm Segment

InterOp ON

System shall refer broadcast(MarketData) for default configured exchange against respective segment type. in case suh scrip is not listed in default exchange then sytem shall refer market data of other applicable exchange in sequence of NSE, BSE, MSE i.e. in case defualt echange is mentioned as BSE and such scrip is not listed in BSE then system shall refer market data of nse for such token in case such tok in not listed in NSE then System shall refer market data of MSE for such toekn and so on.

💾 Storage​

System shall store MTM Profit and MTM Loss against 1st Falling SIP which will be used for Margin Utilization / Validation

System shall store MTM Profit and Loss against each falling group under mapped MTM Template which shall be used to trigger MTM alerts and MTM Trigger

📋 Examples​

Based on the Master configuration, system consider the Price for Uploaded Position to derive the MTM Profit/Loss

Case 1: Consider Pending Order is available for Investor: CLI1

Assume LCP of ACC is 102, TCS is 210 and Lot Size of TCS is 300

Assume LTP of ACC is 110 and TCS is 220

📊 Seg🔧 Inst📅 Exp.💲 Stk. Price🎯 Opt. Type📦 Cont.📈 OBQ💰 OBP💵 OBV📉 OSQ💰 OSP💵 OSV⚡ Status
NSEEQ----ACC501005000---Pending
NSEFOFUTSTKExp1--TCS---600200120000Pending

In this case, system should not compute MTM Profit/Loss as Order is in Pending Status.

Case 2: In continuous to case 1 Consider Pending order got executed for Investor: CLI1

Assume

📊 Seg📦 Cont.📏 Lot Size💰 LCP📈 LTP
NSEEQACC-102110
NSEFOTCS300215210
📊 Seg🔧 Inst📅 Exp.💲 Stk. Price🎯 Opt. Type📦 Cont.📈 OBQ💰 OBP💵 OBV📉 OSQ💰 OSP💵 OSV
NSEEQ----ACC501005000---
NSEFOFUTSTKExp1--TCS---600200120000

System should consider Daily Average Price for Daily Open Position (i.e. ACC: 100, TCS: 200)

In this case, 50 Buy Open Position is available in NSEEQ ACC and 600 Sell Open Position in NSEFO TCS

MTM P/L of NSEEQ-ACC = (50 * (110 - 100)) = 50 * 10 = 500 (i.e. MTM Profit: 500, MTM Loss: 0)

MTM P/L of NSEFO-TCS = (-600 * (210 - 200)) = -600 * 10 = -6000 (i.e. MTM Profit: 0, MTM Loss: -6000)

Case 3: In continuous to case 2 Consider Sell Position created against NSEEQ-ACC and Buy Position created against NSEFO-TCS

Assume

📊 Seg📦 Cont.📏 Lot Size💰 LCP📈 LTP
NSEEQACC-102110
NSEFOTCS300215210
📊 Seg🔧 Inst📅 Exp.💲 Stk. Price🎯 Opt. Type📦 Cont.📈 OBQ💰 OBP💵 OBV📉 OSQ💰 OSP💵 OSV
NSEEQ----ACC501005000301203600
NSEFOFUTSTKExp1--TCS30021063000600200120000

In this case, 20 Buy Open Position is available in NSEEQ ACC and 300 Sell Open Position in NSEFO TCS

System should consider Daily Average Price for Daily Open Position (i.e. ACC: 100, TCS: 200)

MTM P/L of NSEEQ-ACC = (20 * (110 - 100)) = 20 * 10 = 200 (i.e. MTM Profit: 200, MTM Loss: 0)

MTM P/L of NSEFO-TCS = (-300 * (210 - 200)) = -300 * 10 = -3000 (i.e. MTM Profit: 0, MTM Loss: -3000)

Case 4: In continuous to case 3 Consider Squaring off the Buy Open Position against NSEEQ-ACC and Buy Position and Sell Open position against NSEFO-TCS

Assume

📊 Seg📦 Cont.📏 Lot Size💰 LCP📈 LTP
NSEEQACC-102110
NSEFOTCS300210220
📊 Seg🔧 Inst📅 Exp.💲 Stk. Price🎯 Opt. Type📦 Cont.📈 OBQ💰 OBP💵 OBV📉 OSQ💰 OSP💵 OSV
NSEEQ----ACC501005000501203600
NSEFOFUTSTKExp1--TCS60021063000600200120000

In this case, 0 Open Position is available in NSEEQ ACC and in NSEFO TCS

As no open position is available in the contracts. So MTM Profit/Loss in this case should be '0'

Case 5: Impact of INTEROP- ON/OFF

Assume following position is available in the system:

👤 CLI📊 Seg🔧 Prod📦 Cont.📈 OBQ💰 OBP💵 OBV📉 OSQ💰 OSP💵 OSV
CLI1NSEEQMarginACC501005000000
CLI2BSEEQMarginACC000301053150

Assume LTP of ACC in respective exchange

📊 Seg📦 Symbol📈 LTP
NSEEQACC110
BSEEQACC112
MSEEQACC113

Consider INTEROP is ON and Default Base Exchange for Market Data is (CASH- BSSEQ) on Master Config

Accordingly, If INTEROP is ON -then system shall refer combined exchange exposure

In this case, 20 Buy Open position is available on NSEEQ-ACC-Margin as per combined Exposure and system should refer BSE EQ Exchange Market data for calculation as per Master Config

MTM P/L of combined exposure = (20 * (112 – 100)) = 20 * 12 = 240 (i.e. MTM Profit: 240, MTM Loss: 0)

Consider INTEROP is OFF

Accordingly, in this case, 50 Buy Open position is available on NSEEQ-ACC-Margin and 30 Sell Open Position is available on BSEEQ-ACC-Margin and system should refer respective Exchange Market data for MTM Calculation

MTM P/L of NSEEQ-ACC = (50 * (110 – 100)) = 50 * 10 = 500 (i.e. MTM Profit: 500, MTM Loss: 0)

MTM P/L of BSEEQ-ACC = (-30 * (112 – 105)) = -30 * 7 = -210 (i.e. MTM Profit: 0, MTM Loss: -210)

Note: Incase the scrip in which the position is available is not listed in the default exchange i.e. Assume if ACC is not listed in BSE EQ which is configured as default exchange for referring Market data, then system should refer the Market data of NSEEQ exchange (i.e. 110), in case if ACC is not listed in NSEEQ, then system should refer the Market data of MSEEQ Exchange (i.e. 113) in the sequential way.

If Investor having position only in one exchange, then system shall consider respective exchange Market data. If Investor having position in Multiple exchange, then market data of default exchange configured in Market segment is referred.