The Hindu Business Line : Margins for `commodity' guarantees

Commodity traders will have to bear the same margin requirements as that for stockbrokers. In a notification issued on Tuesday, the RBI has asked banks to maintain a minimum margin of 50 per cent and minimum cash margin requirement of 25 per cent (within the range of 50 per cent) for guarantees issued on behalf of commodity brokers in favour of national commodity exchanges such as NCDEX, MCX and NMCEIL. This guideline already applies to guarantees on behalf of share and stockbrokers, said the RBI circular.

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