The National Stock Exchange (NSE) on August 28, 2023, issued a notification regarding the modification in Margin applicable to Crude Oil and Natural Gas
This has a reference to the ITEM No 7 of the consolidated circular no 0232/2023 (Download reference no NCL/COM/57351) dated June 30, 2023, NCL circular no 0207/2023 (Download reference no NCL/COM/57104) dated June 14, 2023, and NCL circular no 0164/2023 (Download reference no NCL/COM/56656) dated May 09, 2023.
This Circular shall come into force on August 29, 2023.
The following has been stated namely: -
• It states that the current additional Margin of 10% levied on Crude Oil and Natural Gas Future contracts shall be modified to 7%.
• The minimum initial margins in Crude Oil and Natural Gas Contracts shall be as follows namely: -
(i) Crude Oil - Applicable Minimum IM % - 33, Applicable Minimum MPOR- 3
(ii) Natural Gas - Applicable Minimum IM % - 13, Applicable Minimum MPOR- 3
[Notification No.: NCL/COM/58123]
