The National Commodity and Derivatives Exchange Ltd. (NCDEX) on March 04, 2025, issued the notification regarding the Guidelines on consideration of VAR Margin Rate/Haircut on securities for Margin Collection & Reporting.
The following has been stated namely: -
• For the purpose of client margin collection and reporting, the member shall compute the value of securities as per the closing rate on T-1 day as reduced by the appropriate haircut at a rate not less than the VAR margin rate of the security at the beginning of T day.
• Detailed guideline for the same is attached herewith as Annexure A.
The provisions of this circular shall come into force on May 02, 2025.
[Notification No. NCDEX/COMPLIANCE-007/2025]
