SEBI increases Currency Derivatives margin by 100%

SEBI increases Currency Derivatives margin by 100%

 

To stem the INR fall, SEBI has directed exchanges to increase margin by 100% in Currency Derivatives Segment wef 11th July 2013.

All clients trading in Currency Derivative Segment are hereby advised to keep sufficient margin. In case of a margin shortfall a penalty could be levied due to the increase in margin.

For eg. if a client is having a margin liability of Rs. 1 lac for

USD-INR contracts in Currency Derivatives, his margin would become 2 lacs wef 11th July 2013.

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