NCDEX scraps additional margin

Print this page Posted on : 12-11-2008 by recycleinme.com

The National Commodity & Derivatives Exchange Ltd (NCDEX) has removed a 5 per cent pre-expiry additional margin in gold and silver contracts expiring in March 2009 and afterwards, it said in a circular. The exchange had imposed the additional margin in March 2006, it said. The additional margin is added to the normal exposure margin in the last two trading days of the expiring contract, including expiry day.

Source : Business Line