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NCDEX withdraws special margin on Wheat, Rapeseed Mustard Seed and Chana contracts

04 Oct 2012 Evaluate

National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, has withdrawn special margin on Wheat, Rapeseed Mustard Seed and Chana contracts with effect from beginning of day Thursday, October 04, 2012. For Wheat, the exchange has withdrawn special margin of 10% in cash on the long side on all the running contracts and yet to be launched contracts.

For Rapeseed Mustard Seed and Chana, the exchange has withdrawn special margin of 5% and 10% respectively in cash on the long side on all the running contracts and yet to be launched contracts.

The exchange will be withdrawing the special margin as per the Byelaws, Rules and Regulations of the Exchange.