SEBI in its circular dated 1st Feb 2023 , has mentioned that EOD margin collection requirement from clients, in derivatives segments, including commodity derivatives, would also be calculated based on the fixed Beginning of Day (BOD) margin parameters of the client.
The change is only for the purpose of verification of upfront collection of margins from clients.
The margin parameters applicable for collection of margin obligation by Clearing Corporations would continue to be updated on intra-day and EOD basis, as per the extant provisions
The provisions of this circular shall come into effect from three months from the date of issuance of this circular.
Link of the circular: https://www.sebi.gov.in/legal/circulars/feb-2023/changes-to-the-framework-to-enable-verification-of-upfront-collection-of-margins-from-clients-in-cash-and-derivatives-segments_67738.html