Circular No: - NMCE/2011-12/0100 Date: - 23-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/2011-12/0098 dated 17th January, 2012; the Members of the Exchange are hereby notified that Additional Margin/ Special Margin has been imposed on short 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 25th January, 2012.
The existing margin as per circular No: NMCE/2011-12/0098 dated 17th January, 2012 is as under:
EXISTING 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 revised margins (Including special margin) on all contracts of Guar Gum (Symbol: GUG) and Guar Seed (Symbol: GUT) now effective from 25th 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% |
10% |
60% |
0% |
65% |
15% |
|
Guar Seed |
GUT |
5% |
5% |
0% |
10% |
60% |
0% |
65% |
15% |
The above Special Margins will come into force from 25th 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)
