The National Stock Exchange IFSC Clearing Corporation Ltd. (NSE ICC) on January 28, 2025, notified regarding the Cross Margin benefit between different spread pairs.
The following has been stated namely: -
• It provides cross-margin benefits for specific spread pairs, including NIFTY with BANKNIFTY, FINNIFTY, and its constituents, as well as BANKNIFTY with FINNIFTY and INRUSD with QINRUSD.
• It further states that the cross-margin ratio for INRUSD-QINRUSD is based on their contract values, calculated using their respective underlying prices.
• Applicable spread benefit percentage, spread priority, and cross margin ratio/delta are provided in Annexure 1.
• The changes shall be effective from January 29, 2025.
[Notification no. - NSEICC/RMS/877]
