The National Commodity Clearing Limited (NCCL) on June 21, 2024, issued a circular regarding revision in the Pre-Expiry Margin.
The following has been stated: -
•In terms of the provisions of the Rules, Bye Laws, and Regulations of the NCCL, the pre-expiry margin shall be as under:
i. Pre-expiry margin for commodities which is currently being levied at 1.50% per trading day incrementally during the last 7 trading days (including expiry day) till the expiry of the futures contract, shall now be levied at 2.00% per trading day incrementally during the last 5 trading days (including expiry day) till the expiry day of the respective futures contracts for the all commodities.
ii. The revised pre-expiry margin will be applicable in all the running compulsory delivery futures contracts expiring from July 2024 onwards and in yet-to-be-launched compulsory delivery futures contracts.
The detailed circular is given in the document below.
[Circular No. NCCL/RISK-028/2024]
