National Commodity & Derivatives Exchange (NCDEX) has announced changes in margin structure for all running and yet to be launched contracts in Coriander. The new margin structure includes 5% additional cash margin on both long and short side with effect from June 01, 2015 and change in pre-expiry margin period.
The Exchange is also adding warehousing capacity for Coriander and has taken various initiatives to make its Coriander futures contract delivery friendly.
The Exchange has also changed Pre-expiry margin period of 3%, increased on a daily basis, to be levied from the commencement of staggered delivery period i.e. from 11th of the month till expiry of the contract. The participants making early pay-in of goods shall not be required to pay any margin except mark-to-market margin.