Financial Daily from THE HINDU group of publications
Friday, April 21, 2006
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Financial Daily from THE HINDU group of publications Friday, April 21, 2006 |
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News Update as at 16.00 hrs (IST)
Commodities NEW DELHI: The Multi Commodity Exchange (MCX) will impose a three per cent additional margin on members taking long open positions for all types of futures silver contracts. The additional margin would be effective from April 22. This imposition comes as part of risk management exercise by the exchange. The margin would be in addition to the five per cent daily initial margin, MCX Vice President Jayesh Shah said in a statement. The additional margin would be calculated at the end of the trading day, based on the closing open position of the members. The exchanges impose margin in case of exceptional volatility in the future prices of the traded commodity. - PTI
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