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For the purpose of Limit calculation, securities are valued at latest trade price (LTP) after applying the applicable haircut.The haircut % for all eligible stocks can be checked on the trading website.

For Example if 100 shares of Axis Bank are provided as collateral and LTP of Axis Bank is say Rs.1200, then the limits provided will be calculated as under: 

  Market value of shares to be provided as collateral= (price x quantity) Rs.1200 * 100 = Rs. 1,20,000 

  Applicable hair cut for Axis Bank = 20% 

  Limits available from the above deposited  collateral = [120000-(20%*120000)]= Rs.96,000

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