National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, shall be increasing the minimum initial margin on Wheat and Sugar contracts by 10% of the value of the contract or VaR based margin whichever is higher.
The exchange will be hiking the minimum initial margin as per the Byelaws, Rules and Regulations of the Exchange and as directed by the Forward Markets Commission.
This increase in margin will be imposed on all running contracts and yet to be launched contracts with effect from beginning of trading day Monday, August 06, 2012.
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