Margin Segregation Now Mandatory: What Tradejini Clients Need to Know

Effective July 21, 2025, Tradejini will implement a key compliance update that changes how clients allocate and use their trading margins. Going forward, all clients will be required to segregate margins separately for the Equity and Commodity segments.

Read this blog if you trade across segments and learn what actions you need to take before the deadline.

Why this change?

Until now, margins pledged for trading were commonly shared between Equity (NSE/BSE) and Commodity (MCX) segments. While this flexibility helped in certain scenarios, it also led to inefficient fund usage and required Tradejini to block additional proprietary capital.

To align with regulatory requirements and improve overall fund utilization, clients must now ensure that margins, whether in cash or pledged securities, are used strictly within the segment they are pledged for.

• Margins pledged under the Equity can be used only for Equity and Equity Derivatives.
• Margins pledged under the Commodity can be used only for trading on MCX.

Who is affected?

If you trade only in Equity, your current setup will remain largely unaffected. Your pledged holdings and fund transfers will continue to function as before, provided they are allocated to the Equity segment.

However, if you trade or intend to trade in Commodities (MCX), this update is essential. You must take action to ensure your margins are correctly segregated, or you risk being unable to trade from May 15 onward.

What do commodity traders need to do?

If your pledged securities or funds are currently under the Equity segment but you intend to use them for Commodity trading, you will need to:

• Re-segregate your pledged shares to the COM segment.
• Transfer funds from your Equity ledger to your COM ledger using the Segment Transfer feature in the SPARC Back Office.

Without completing these steps by May 15, 2025, you will not be able to place any trades on MCX. Here’s why the deadline matters.

How to segregate pledged shares?

You can update your pledges through the CubePlus web platform by following these steps:

1. Log in to CubePlus and go to the Reports section.
2. Navigate to Portfolio > Margin Pledge.
3. Use the Exchange dropdown to select the correct segment (Equity or COM).
4. Select the securities and quantities you want to pledge.
5. Complete the pledge process with CDSL OTP verification.

Note: If you have already pledged under Equity but want to use those shares for Commodity trades, you must first unpledge them from Equity and then re-pledge under COM.

Learn how to shift pledged shares here.

Allocating funds to the right segment

There are two ways to allocate funds to the appropriate segment:

1. External transfers (UPI/NEFT/RTGS)

• Funds transferred externally (via UPI, NEFT, or RTGS) go by default to the Equity segment.
• To use them for Commodity trading, move the funds internally to COM using the Segment Transfer tab in the SPARC Back Office.

2. CubePlus payment gateway

• While transferring funds, select the desired segment (Equity or Commodity).
• The funds will be directly allocated to the chosen segment.

Key reminders

• Pledge separately for Equity and Commodity segments; no cross-segment margin usage is allowed.
• Margin benefits become available only after completing CDSL OTP verification.
• The last date to segregate your margins is July 21, 2025. Ensure all changes are completed before this deadline to avoid disruptions in Commodity trading.

Need assistance?

If you have questions or need support, please refer to our FAQ section or contact our helpdesk at help@tradejini.com.