Circular No: - NMCE/2011-12/0098 Date: - 17-Jan-2012
To,
The Members,
In terms of the Bye-Laws, Rules and Regulations of the Exchange and in modification of earlier circular of the Exchange under reference no: NMCE/2011-12/0096 dated 13th January, 2012; the Members of the Exchange are hereby notified that Additional Margin/ Special Cash Margin has been imposed on long side on all running contracts and the contracts yet to be launched of Guar Gum (GUG) and Guar seed (GUT) as under with effect from Wednesday, the 18th January, 2012.
The existing margin as per circular No: NMCE/2011-12/0096 dated 13th January, 2012 is as under:
EXISTING MARGIN
|
Commodity |
Symbol |
Initial Margin |
Special / Additional Margin |
Total Revised Margin |
|||||
|
Cash Margin |
Collateral |
|
|||||||
|
Long Side |
Short Side |
Long Side |
Short Side |
Long Side |
Short Side |
Long Side |
Short Side |
||
|
Guar Gum |
GUG |
5% |
5% |
0% |
0% |
40% |
0% |
45% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
0% |
0% |
40% |
0% |
45% |
5% |
The revised margins (Including special cash margin) on all contracts of Guar Gum (Symbol: GUG) and Guar Seed (Symbol: GUT) now effective from 18th January, 2012, will be as under:
REVISED MARGIN
|
Commodity |
Symbol |
Initial Margin |
Special / Additional Margin |
Total Revised Margin |
|||||
|
Collateral |
Cash Margin |
||||||||
|
Long Side |
Short Side |
Long Side |
Short Side |
Long Side |
Short Side |
Long Side |
Short Side |
||
|
Guar Gum |
GUG |
5% |
5% |
0% |
0% |
60% |
0% |
65% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
0% |
0% |
60% |
0% |
65% |
5% |
The above Special Cash Margins will come into force from 18th January, 2012. Members and their
Clients are requested to kindly note the above.
For and on behalf of
National Multi-Commodity Exchange of India Limited
Dinesh Shukla
Vice President (Market Watch & Surveillance)
