As per the MCX circular dated 25th January 2021, MCXCCL has reviewed its circular of Additional Risk Management measures in Crude Oil contracts dated 1st September 2020 and a few points were revised as mentioned below:
- The Initial margin/Short Options minimum margin for Crude Oil has been reduced to 10% from 50% and is applicable w.e.f 27th January 2021.
- The Initial/Overnight margin required for Crude oil will be ₹44,000 approximately (Subject to change).
Note: FYERS Policies on Commodities will be applicable over and above this.
Traders kindly take note of this.