Mark-to-Market is a process by which the open positions in commodities are revalued on intraday basis taking into consideration the Latest Traded Price (LTP) of the commodities. On the day you enter a futures contract, Mark to Market or MTM is the difference between your entry value and the day’s closing price. In the case of a carried forward position, it is the difference between the day’s market price and the previous day's closing price.

If the MTM % falls below the threshold% (65% to 70%) of the net margin deposit available with Axis Direct, then the customer needs top up the funds immediately, failing which Axis Direct will square off the open position.]