Is there any Delayed payment charge on Derivative position where mark to market (MTM) loss is not recovered from you after exchange pay-in date?
Written by Updated on 17 May, 2024
Yes, delayed payment charges at the rate of 18% p.a will be charged on outstanding debit balance on all unrecoverable MTM losses on derivative positions. (Please note: There will be additional GST charged of 18 % on Delayed Payment Charges as per Finance ministry. )