NCDEX margin rules changed

The National Commodity and Derivatives Exchange (NCDEX) has amended its rules regarding margins and limits with immediate effect.

"In case of positions materialising into physical delivery, margins will be charged for each commodity. The delivery margins will be calculated based on the number of days required for completing the physical delivery settlement, the 'look ahead' period and the risks arising thereof," an NCDEX circular said.

The "look ahead" period for all commodities shall be four days for all contracts expiring in October and onward, it said.

However, the settlement calendar for all commodities will remain unchanged.

Exchange officials feel this change will help streamline the procedures and bring in more and more serious players in the pit.