Special margins levied on NCDEX's June potato contract
A total margin of 35% was earlier added on the long side, 15% is the additional cash margin and 20% is the special cash margin
)
Special margins which were earlier levied on May and June contracts of potato has been extended to July contract of potato which is traded on National Commodity & Derivatives Exchange.
A total margin of 35% was earlier added on the long side, 15% is the additional cash margin and 20% is the special cash margin. While, on the short side an additional cash margin of 15% is levied, which is now applicable to the July contract as well. This is effective from 24 April.
The circular said that this has been done to avoid arbitrage opportunities between MCX and NCDEX.
A total margin of 35% was earlier added on the long side, 15% is the additional cash margin and 20% is the special cash margin. While, on the short side an additional cash margin of 15% is levied, which is now applicable to the July contract as well. This is effective from 24 April.
The circular said that this has been done to avoid arbitrage opportunities between MCX and NCDEX.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 24 2013 | 7:03 PM IST