Dear Valued Customer, This is bring into your kind information that NSE has revised position limits and margins requirement for USDINR contract as under: Margins applicable today Margins applicable with effect from July 11 2013 USDINR futures contracts: Initial Margin Based on a worst scenario loss of a portfolio of an individual client comprising his positions in options and futures contracts Initial margin requirement shall be two times the current initial margin requirement. USDINR options contracts: Initial Margin USDINR futures contacts: extreme loss margins 1% of the value of gross open position 2% of the value of gross open position USDINR options contracts: extreme loss margins 1.5% of the value of gross open position (For short option positions) 3% of the value of gross open position (For short option positions) Position Limits applicable today Revision from July 11, 2013 Position limits applicable with effect from July 30 2013 for all Position limits for those who are below the revised limits Position limits for those who are above the revised limits Position limit for clients 6% of total open interest or 10 million USD whichever is higher 6% of total open interest or 10 million USD whichever is lower Not to increase their current open interest 6% of total open interest or 10 million USD whichever is lower We are attaching herewith NSE Circular Ref No.0248/2013, for your reference.CLICK HERE TO DOWNLOAD We hereby request you to maintain the revised sufficient margin in your account to avoid any discrepancy related to position reduction. Provisions of this circular will come in effect from July 11,2013. INVESTMENT IDEAS.SIMPLIFIED. For Further details please contact your relationship manager or call us at 0120-4663333
Posted on: Wed, 10 Jul 2013 03:53:26 +0000
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