Circular no.: MCX/T&S/046/2012 February 3, 2012
In terms of the provisions of the Rules, Bye -Laws and Business Rules of the Exchange and in partial modification to circular no. MCX/T&S/030/2012 dated January 23, 2012; the Members of the Exchange are notified as under:
Special margins on all running contracts in Guar Seed contracts are revised as under: Special margin of 60% (all 60% in cash) levied on buy open positions in Guar Seed contracts shall be reduced to 50% on buy side (out of which 40% shall be in the form of Cash).
After this revision, margins applicable in all running contracts of Guar Seed will be as:
1) Initial Margin or Margin calculated as per SPAN, whichever is higher.
2) Special Margin of 50 % (out of which 40% shall be in the form of Cash) on buy (long) side.
3) Special Marg in of 10 % on sell (short) side.
The revised margins will be applicable with effect from February 7, 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.
