The National Commodity Clearing Limited (NCCL) on January 01, 2025, issued a circular regarding the Volatility Scan Range (VSR) and Short Option Minimum Margin (SOMM) for Options on Spices Complex (Turmeric, Coriander and Jeera).
The following has been stated: -
•As per NCDEX and NCCL circulars, the Volatility Scan Range (VSR) and Short Option Minimum Margin (SOMM) for Options on Spices Complex (Turmeric, Coriander, and Jeera) are set as follows: Coriander (VSR 8%, SOMM 12%), Jeera (VSR 9%, SOMM 12%), and Turmeric (VSR 8%, SOMM 12%).
The circular shall be effective from January 02, 2025.
The detailed circular is given in the document below.
[Circular No.:NCCL/RISK-001/2025]
