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| NOTICES |
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| Notice No. |
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20210226-55 |
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Notice Date |
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26 Feb 2021 |
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| Category |
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Settlement/RMS |
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Segment |
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Commodity Derivatives |
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| Subject |
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Lean Period and Margin Framework for newly launched Steel future contracts |
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| Content |
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To,
All Members/ Participants,
With reference to SEBI Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2020/15 dated January 27, 2020 and ICCL notice No. 20200218-43 dated February 18, 2020
on Review of Margin Framework for Commodity Derivatives Segment, the lean period and margin framework for newly launched future contracts of Steel commodity is as follows:
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Commodity
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Commodity Type
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Volatility Category
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Minimum Initial Margin
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MPOR
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Lean Period
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Steel
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Non-Agri
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Medium
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8%
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2 days
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Not Applicable
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Members / participants are requested to kindly take note of the same.
For and on behalf of ICCL
Piyush Chourasia
Chief Risk Officer & Head – Strategy
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