MTF trading journal for smc global traders

SMC Global Margin Trading Facility lets eligible clients buy approved equity shares by contributing the required margin while SMC funds the remaining eligible amount. The funded shares are pledged under the MTF mechanism and remain subject to interest, maintenance margin and SMC risk-management rules.

SMC's current public MTF financing page displays 0.049% per day, described as 18% p.a., on the funded amount. Broker pricing can change, and older policy documents can contain different wording, so confirm the rate currently applicable to your SMC account before placing or reviewing a trade.

The useful base is the amount actually funded by SMC, not the total purchase value. Multiply the funded balance by the applicable daily interest rate and the number of funded days, then reconcile that estimate with the broker ledger and statement.

SMC's current online account offer advertises up to 4× MTF against deposited funds. Actual funding depends on the stock, the margin SMC requires and the collateral accepted for that client, so the position-level funded amount is more useful for journaling than the headline multiple.

SMC's MTF policy says eligible securities must be part of Group I and also appear in SMC's own MTF Approved Category List. SMC's Risk Management Committee can include or exclude securities from that approved list, so eligibility should be checked again before each funded trade.

SMC's published policy uses stock-level risk measures. For Group I stocks available in F&O, the applicable initial margin is VaR plus three times ELM or SMC MTF VaR, whichever is higher. For other Group I stocks, it is VaR plus five times ELM or SMC MTF VaR, whichever is higher.

SMC's policy says stocks purchased under MTF must be compulsorily pledged and tagged as Margin Funding Pledge. SMC initiates the pledge request on the trade date, and the client must authorize the depository request by OTP latest by 12 PM on T+1.

SMC's policy states that an MTF pending purchase may be squared off on T+2 if the client does not authenticate the pledge OTP, with communication sent to the registered mobile number and email address.

SMC's current MTF policy says a margin call is made when available margin falls below 70% of the margin required. The client is expected to make good the deficiency, and unresolved shortfalls can lead to liquidation under SMC's risk rules.

SMC's policy allows immediate liquidation in several situations. One published trigger is when the value of margin deposited for funded stocks falls below 60% of required margin. It also identifies persistent maintenance-margin shortages, unresolved margin calls and failed pledge authentication as possible square-off conditions.

Yes. SMC's published policy states that daily margin statements sent to clients should identify MTF margin and collateral separately. It also requires funded stocks and collateral stocks to remain separately identifiable for computing the funding amount.

SMC's policy allows initial margin in cash, cash equivalent or eligible Group I equity securities with the applicable haircut. SMC retains discretion to reject collateral or apply a reduced value based on its risk policy.

Track MTF interest on funded capital, account-specific brokerage, pledge or unpledge costs, DP charges when applicable, statutory charges, margin-shortfall events and any liquidation-related costs. SMC states that brokerage, DP tariff and other account charges can vary by client plan, so the broker statement should be used for the final numbers.

Track trade value, your margin, SMC-funded amount, daily interest rate, funded days, stock eligibility, VaR or ELM margin context, pledge status, daily margin, margin calls, collateral changes, forced square-offs and final net P&L. That turns the broker's account-level MTF information into a trade-level financing history.