MCX sharply raises margins on crude oil derivatives to Rs 1.95 lakh per lot

MCX’s clearing corporation, MCXCCL, has sharply raised the margins required for trading in crude oilNSE 2.60 % derivatives.

The initial margin has been fixed at Rs 95,000 a lot (100 barrels) for all existing and yet to be launched contracts.

For near month contracts, an additional Rs 1 lakh a lot will be levied. This will also apply to short side — call and put sellers — of the near month crude oil options contact.

Additionally, a 50% margin will be levied on other crude futures contracts and on sellers of calls and put options.