Margin System

Graded Margin

(a)   Each member will be allowed to trade and net open position without payment of margin subject to the following criteria:

(i)    In case of a Trading Member, the entire amount of security deposit as divided by the price range allowed in respect of each commodity or in such other manner as may be prescribed by the Trading, Clearing and Settlement Committee from time to time.

(ii)    In case of a Trading-cum-Clearing member, 60% of the security deposit or such other percentage as decided by the Margin, Surveillance and Inspection Committee from time to time as divided by the price range allowed in respect of each commodity.

(b)        Any member who wish to trade beyond the free limits or its equivalent value stipulated in (a) above shall be liable to pay graded margin as prescribed by the Margin, Surveillance and Inspection Committee from time to time, which for the time being is as follows:

Special Margin

The special margin that can be levied and collected by the Exchange on the price variation at any point of time shall be as prescribed by the Margin, Surveillance and Inspection Committee from time to time, which for the time being shall be 50% of the price range allowed for each commodity in terms of relevant schedule.

Delivery Margin

The delivery margin that can be levied and collected by the Exchange on the last Trading Day wherein the position is long (buyer) shall be as prescribed by the Margin, Surveillance and Inspection Committee from time to time, which for the time being is 25% of the value of long open position;