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margin in futures

ayyaz
ayyaz in Python client
m-->NIFTY18NOVFUT lot size=75 margin=9.52 mis_multiplier=0 mis_margin=34134.498
please explain what is meaning of mis_multiplier=0 margin and mis_margin
i have pulled margin info from
https://api.kite.trade/margins/futures
and lot info from

https://api.kite.trade/instruments/NFO

please reply ASAP
  • sujith
    sujith
    The multiplier(percent) is provided for the products which has variable margins like cover order whereas MIS margin is fixed hence the multiplier is 0.
    The field mis_margin denotes that you need that much money to buy a lot of that instrument.
  • ayyaz
    ayyaz
    what is margin=9.52 means please explain that also
  • sujith
    sujith
    This is the value used to determine the NRML margin. So the calculation is something like this
    NRML margin = previous close or LTP * 75(lotsize) * 9.52%
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