Circular No: - NMCE/2011-12/103 Date: - 4-Feb-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/2011-12/0100 dated 23rd January, 2012; the Members of the Exchange are hereby notified that Special / Additional Margin has been revised on long side on all the running contracts of Guar Gum (GUG) and Guar seed (GUT) as under with effect from Tuesday, the 7th February, 2012.
The existing margin as per circular No: NMCE/2011-12/0100 dated 23rd 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% |
10% |
60% |
0% |
65% |
15% |
|
Guar Seed |
GUT |
5% |
5% |
0% |
10% |
60% |
0% |
65% |
15% |
The revised margins (Including Special / Additional margin) on all contracts of Guar Gum (Symbol: GUG) and Guar Seed (Symbol: GUT) now effective from 7th February, 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% |
10% |
10% |
40% |
0% |
55% |
15% |
|
Guar Seed |
GUT |
5% |
5% |
10% |
10% |
40% |
0% |
55% |
15% |
The above Special / Additional Margins will come into force from 7th February, 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)
