Circular no.: MCX/T&S/030/2012 January 23, 2012
In terms of provisions of the Rules, Bye -Laws and Business Rules of the Exchange and in modification of the circular no. MCX/T&S/019/2012 dated January 16, 2012; the Members of the Exchange are notified that:
In addition to present margins, Special margin of 10% will be levied on sell (short) side in all the contracts of Guar Seed including running contracts, with effect from Wednesday, January 25, 2012.
In order to clarify further, margins applicable in Guar Seed contracts will be as under:
1) Initial Margin or Margin calculated as per SPAN, whichever is higher.
2) Special Margin of 60 % (all 60% in cash) on buy (long) side.
3) Special Margin of 10 % on sell (short) side.
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.
