We are here to help you!
![](https://support.moneysukh.com/wp-content/uploads/2022/07/support-1024x633.png)
Q. Why is it that the SPAN margin for each F&O position does not sum the final margin charged for that underlying?
![](https://support.moneysukh.com/wp-content/uploads/2023/05/Moneysukh-learn-Popup-2.png)
Q. Why is it that the SPAN margin for each F&O position does not sum the final margin charged for that underlying?
Because SPAN / Initial margin is calculated at the portfolio level, if several positions are internally hedged, the overall margin charged will be LESS than the sum of the margins of each position.