 Margins
Payment Of Margins
Initial Margin
The initial margin is payable upfront by Clearing Members. Initial margins can be paid by members in the form of Cash, Letter of Guarantee and Term Deposits.
Minimum Initial Margins prescribed currently
| Sr. |
Commodity |
Minimum Initial Margin |
Calendar Spread Benefit |
Tender / Delivery Margin |
| 1 |
Gold |
$ 1,500 per contract |
100% |
$ 7,500 per contract |
| 2 |
Silver |
$ 1,000 per contract |
100% |
$ 5,000 per contract |
| 3 |
Euro |
$ 1,500 per contract |
100% |
No Tender Margin |
| 4 |
Sterling Pound |
$ 1,900 per contract |
100% |
No Tender Margin |
| 5 |
Japanese Yen |
$ 1,200 per contract |
100% |
No Tender Margin |
| 6 |
Indian Rupee |
$ 1,000 per contract |
100% |
No Tender Margin |
| 7 |
Fujairah Fuel Oil |
$ 1,500 per contract |
$ 240 per spread position |
$ 7,500 per contract |
| 8 |
WTI Light Sweet Crude Oil |
$ 5,000 per contract |
100% |
No Tender Margin |
| 9 |
Brent Crude Oil |
$ 5,000 per contract |
100% |
No Tender Margin |
| 10 |
Steel Rebar |
$ 600 per contract |
50% |
$ 1,200 per contract |
Special Margin: The Exchange, in case of additional volatility, may decide to impose special margin as deemed fit from time to time. The special margin could even be imposed on all open positions or any particular contract or commodity. Special margin imposition would be over and above other margins applicable (e.g. Initial Margins, MTM Margin etc).
SPAN Margin
Minimum Initial Margins prescribed currently based on SPAN
| Sr. |
Commodity |
Minimum Initial Margin |
Calendar Spread Benefit |
Tender / Delivery Margin |
| 1 |
Gold |
$ 1,500 per contract |
100% |
$ 7,500 per contract |
| 2 |
Silver |
$ 1,000 per contract |
100% |
$ 5,000 per contract |
| 3 |
Euro |
$ 1,500 per contract |
100% |
No Tender Margin |
| 4 |
Sterling Pound |
$ 1,900 per contract |
100% |
No Tender Margin |
| 5 |
Japanese Yen |
$ 1,200 per contract |
100% |
No Tender Margin |
| 6 |
Indian Rupee |
$ 1,000 per contract |
100% |
No Tender Margin |
| 7 |
Fujairah Fuel Oil |
$ 1,500 per contract |
$ 240 per spread position |
$ 7,500 per contract |
| 8 |
WTI Light Sweet Crude Oil |
$ 5,000 per contract |
100% |
No Tender Margin |
| 9 |
Brent Crude Oil |
$ 5,000 per contract |
100% |
No Tender Margin |
| 10 |
Steel Rebar |
$ 600 per contract |
50% |
$ 1,200 per contract |
Gold Option
| Sr. |
Commodity |
Price Scan Range
(PSR) |
Voltality Scan Range
(VSR) |
Short Option Minimum |
| 1 |
Gold Option |
$ 1,250 |
2% |
$10 |
|
