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Pledge ka mechanism, haircut, aur ye leverage kyun risk badhata hai
Published by The Retail Trader · JUL 26, 2026 · Compliance & Regulation
Aapke demat mein pade shares ko collateral bana kar trading margin li ja sakti hai. Ise margin pledge kehte hain, aur ab ye process poori tarah aapke confirmation par chalta hai.
Aap broker ko pledge request dete ho, depository aapko ek link ya OTP bhejta hai, aur aapke confirm karne par shares pledge mark ho jaate hain. Wo aapke hi demat mein rehte hain.
Us collateral ki poori value margin mein nahi milti. Uspar ek haircut lagta hai, jo volatile stocks mein bada hota hai.
Ye baatein pledge ke design ka hissa hain:
• Collateral margin se options nahi kharide ja sakte — uske liye cash chahiye.
• Losses cash se settle hote hain, collateral se nahi.
• Aksar ek cash to collateral ratio maintain karna hota hai.
• Pledged shares par corporate action benefits aapko hi milte hain.
Pledge se mili margin free money jaisi lagti hai, par wo do risk ek saath chalu kar deti hai — portfolio ka risk aur position ka risk. Girte market mein collateral ki value bhi girti hai aur position ka loss bhi badhta hai, dono ek hi din.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.