The Multi Commodity Exchange Clearing Corporation Limited (MCX) on September 12, 2024, issued the notification regarding the Alternate Risk Management Framework Applicable in case of Near Zero and Negative Prices.
The following has been stated namely: -
• The below mentioned commodities/Indices are identified as susceptible to the possibility of near zero and negative prices:
o Crude Oil
o Natural Gas
• The Conditions in which the ARMF will be triggered has been stated
The provisions of this circular shall be applicable for the month October 2024
[Notification No. MCX/MCXCCL/596/2024]