Circular no.: MCX/T&S/031/2012 January 24, 2012
In terms of provisions of the Rules, Bye -Laws and Business Rules of the Exchange, the Members of the Exchange are notified as under:
Additional margin of 10% will be levied on both buy (long) and sell (short) side in all running contracts of Kapas.
In order to clarify further, margins applicable in Kapas contracts will be as under:
1) Initial Margin or Margin calculated as per SPAN, whichever is higher.
2) Additional Margin of 10 % on both buy and sell side.
The margins will be applicable with effect from Friday, January 27, 2012.
Members are requested to take note of the same.
M Ramalingam
Vice President
Kindly contact Mr. Dhawal Shah on 022 - 6649 4000 or send an email at customersupport@mcxindia.com for further clarification.
