Segment	Leverage /Margins
Equity	5X (20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange))
Index F&O	1X (100% of NRML margins(SPAN + Exposure))b
Stock F&O	1X (100% of NRML margins(SPAN + Exposure))
Currency Futures	1X (100% of NRML margins(SPAN + Exposure))
Commodity Futures	1X (100% of NRML margins(SPAN + Exposure))