Circular No :- NMCE/2011-12/0082 Date: - 12-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/2011-12/0055 dated 20th September, 2011; the Members of the Exchange are hereby notified that Additional Margin/ Special Margin has been imposed on all running contracts of Guar Gum (GUG) and Guar seed (GUT) as under with effect from Tuesday, the 13th December, 2011.
The existing margin as per circular No: NMCE/2011-12/0055 dated 20th September, 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% |
0% |
0% |
0% |
0% |
5% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
0% |
0% |
0% |
0% |
5% |
5% |
The revised margin (Including special margin) on all contracts of Guar Gum (Symbol: GUG) and Guar Seed (Symbol: GUT) now effective from 13th 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% |
5% |
0% |
5% |
0% |
15% |
5% |
|
Guar Seed |
GUT |
5% |
5% |
5% |
0% |
5% |
0% |
15% |
5% |
The above Special Margins will come into force from 13th 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)
