National Commodity & Derivatives Exchange (NCDEX), the country’s leading commodity derivatives exchange, has decided to introduce one time risk management fee on every overnight fresh open position created on the Exchange platform. The levy of Rs 5 per lakh on incremental open position has been applicable from October 15, 2014 onwards.
The exchange has however decided to levy risk management fee only on commodities categorized in list ‘A’ group. Group ‘A’ comprise of commodities such as Soya oil, R M seed, Castor seed, Chana, Guar, Kapas, spices, etc.
The exchange initially did not levy any risk management fee although it incurs substantial amount of expenditure to maintain necessary infrastructure and process for the clients keeping open positions end of the day.