The Multi Commodity Exchange Clearing Corporation Limited (MCX) on December 23, 2024, issued the Amendment in Exposure free deposit for MTM shortage (EFDMS) Methodology.
The following has been stated namely: -
• Clearing Members must settle daily pay-in and pay-out obligations before the start of trading on T+1 day.
• Failure to meet pay-in obligations may require providing an Exposure Free Deposit for MTM shortage (EFDMS).
• EFDMS applies if pay-in obligations exceed Rs. 2 lakh on four or more occasions in the past 90 days.
• EFDMS is calculated based on the cumulative funds shortage for the past 30 days.
• Clearing Members are informed of the EFDMS requirement and must provide it within 2 working days.
• MCXCCL will block the EFDMS from available collaterals on T+3 day.
• EFDMS is retained for 30 days and will be released after that, subject to any applicable requirement.
• Cash EFDMS requirements are not applicable.
[Notification No. MCX/MCXCCL/840/2024]
