As per the MCX Circular dated January 25th, 2021, MCXCCL has made revisions to its circular on Additional Risk Management measures in Crude Oil contracts dated September 1st, 2020.
The changes will be as below:
- The Initial Margin/Short Options Minimum Margin for Crude Oil contracts has been reduced to 10% from 50%, applicable with effect from January 27th, 2021.
- The current overnight margin requirement for one lot of Crude Oil contract will be Rs. 45,000 approximately.