The National Commodity Clearing Limited (NCCL) on December 05, 2024, issued a circular regarding the Volatility Scan Range (VSR) and Short Option Minimum Margin (SOMM) for Options on Guar Gum Futures Contracts.
The following has been stated: -
•The NCDEX has launched Options on Guar Gum Futures Contracts as per circular NCDEX/TRADING-050/2024.
•The Volatility Scan Range (VSR) for these options is 7%, and the Short Option Minimum Margin (SOMM) is 12%. This information is provided in the context of NCCL's margin circular NCCL/RISK066/2024.
•Clearing Members are required to adhere to these margin requirements.
The circular shall be effective from the beginning of trading day December 11, 2024
[Circular No.: NCCL/RISK-067/2024]
