Circular No: - NMCE/2011-12/0087 Date: - 26-Dec-2011
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/2011-12/0085 dated 16th December, 2011; the Members of the Exchange are hereby notified that Additional Margin/ Special Non-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 Tuesday, the 27th December, 2011.
The existing margin as per circular No: NMCE/2011-12/0085 dated 16th December, 2011 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% |
5% |
0% |
15% |
0% |
25% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
5% |
0% |
15% |
0% |
25% |
5% |
The revised margins (Including special cash and non cash margin) on all contracts of Guar Gum (Symbol: GUG) and Guar Seed (Symbol: GUT) now effective from 27th December, 2011, 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% |
15% |
0% |
15% |
0% |
35% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
15% |
0% |
15% |
0% |
35% |
5% |
The above Special Cash and Non-Cash Margins will come into force from 27th December, 2011. 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)
