The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) on August 11, 2026, issued a circular regarding revision in Threshold Limits for Concentration Margin.
The following has been stated: -
•Concentration margins apply to Non-Agri commodities exceeding 5% of Exchange Open Interest (OI) value or Annexure-1 thresholds, and to Agri commodities exceeding Annexure-1 limits.
•Tiered client-level concentration margins range from 1% up to 10% based on Client OI vs. Exchange OI, while Clearing Member margins scale up to 5%.
•Client futures positions are netted across variants, whereas Clearing Member futures positions use the higher of long or short positions grossed up at the member level.
•Approved hedge positions are excluded from concentration margin calculations, while index option margins apply strictly to client-level net short positions.
[Circular No.: MCXCCL/RISK/173/2026]
