The margins may be paid either in the form of cash (or cash equivalent) or non-cash securities:Cash or Cash Equivalent

• SEBI allows investors to deposit margins in the form of cash (by transferring money from investors� bank account to Share India�s bank account) or cash equivalents (that includes such sovereign gold bonds, government securities, treasury bills and liquid mutual funds etc. which have been approved for the purpose by the Clearing Corporation).
• A complete list of all the securities that are presently counted as cash equivalents is given in the enclosed file.
• To receive margin benefit against cash equivalent securities purchased by the clients, clients shall be required to pledge such securities in Share India�s favour by following the pledge/re-pledge mechanism. (Note: Appropriate training may also be provided w.r.t. pledge/re-pledge mechanism if required).
• The margin benefit against such securities is passed on to the client after deduction of the applicable haircut which is generally ten per cent in case of cash equivalent securities (e.g. against a cash securities� value of say ?1,000, margin benefit of ?900 shall be passed on to the client, after completion of pledge process by the client).
• Share India may help clients in buying treasury bills (T-bills). The detailed process for the same along with applicable terms and conditions are available here.
• Share India may also help clients w.r.t. creation of FDRs against clients� credit balance available with Share India, the interest for which shall be passed onto the clients after deduction of applicable TDS. The detailed process with applicable terms and conditions is available here. In the case of FDRs, the clients shall be allowed to use the entire amount of his/her FDR/s for margin purposes.

Above 2 points mention Share India, hope it is not to be changed to Algos?Non-Cash Securities

• Besides cash equivalent securities, the clients are permitted to also deposit approved non-cash securities purchased or owned by them towards their applicable margin requirements (Non-cash securities include such equity shares, bonds and non-liquid mutual fund units etc., which have been approved for the purpose by the Clearing Corporation).
• A complete list of all the securities that are presently counted as approved non-cash securities is given in the enclosed file.
• To receive margin benefit against cash equivalent securities purchased by the clients, clients shall be required to pledge such securities in Share India�s favour by following the pledge/re-pledge mechanism.
• The margin benefit against such securities is passed on to the client after the deduction of the applicable haircut as is mentioned against each security.

Do you know what is the Clearing Corporation?A clearing corporation is an entity affiliated with an exchange responsible for overseeing transaction confirmation, settlement, and delivery. Its primary role is to ensure swift and efficient transaction processing. To facilitate smooth transactions, clearing corporations assume the role of the buyer for every seller and the seller for every buyer, essentially taking the offsetting position with each client in every transaction. For instance, when two investors agree on a financial transaction like buying or selling a corporate security, a clearing corporation intervenes, managing the purchase for one party and the sale for the other.In the context of the commodity derivatives segment, the Indian Clearing Corporation Limited (ICCL) manages clearing and settlement activities. Acting as the legal counterparty in all transactions within BSE's commodity derivatives segment, the ICCL guarantees settlement for deals executed on the platform. This involvement ensures the fulfilment of trade obligations and the smooth functioning of transactions in the commodity derivatives market.