Pre Expiry Margin Update: Revision in Pre-Expiry Margins

Wed , Oct 16,2019 at 10:40:09 pm
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Pre Expiry Margin Update: Revision in Pre-Expiry Margins

In view of the revision in staggered delivery period from 11th of every month to last 5 trading days (including expiry day) of the contracts, the pre expiry margin is being revised.

In terms of the provisions of the Rules, Bye Laws and Regulations of the NCCL, pre expiry margin shall be as under:

1. Pre-expiry margins for agricultural commodities which is currently being levied at 1.50% per trading day incrementally during the last 11 trading days till the expiry of the contract, shall now be levied at 2.5% per trading day incrementally during the last 7 trading days (including expiry day) till the expiry day of the respective contracts for the all commodities (Except Castor seed contracts).

2. In case of Castor seed contracts, pre expiry margin which is currently being levied at 2% per trading day incrementally during the last 11 trading days till the expiry of the contract, shall now be levied at 3.00% per trading day incrementally during the last 7 trading days (including expiry day) till the expiry day of the respective contract.

3. The revised pre expiry margins will be applicable in all the running contracts expiring from November 2019 onwards and in contracts to be launched.

The list of commodities for which pre expiry margins have been revised is provided in Annexure I.



Remark:Full detail read circuiler here Reference https://www.ncdex.com/Downloads/Circulars/PDF/Revision_in_Pre_Expiry_Margin_16102019.pdf

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