{"id":348883,"date":"2020-04-30T11:31:35","date_gmt":"2020-04-30T06:01:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348883"},"modified":"2020-04-30T12:21:38","modified_gmt":"2020-04-30T06:51:38","slug":"mcx-hikes-crude-margins-as-risk-of-negative-pricing-looms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mcx-hikes-crude-margins-as-risk-of-negative-pricing-looms\/","title":{"rendered":"MCX hikes crude margins as risk of negative pricing looms"},"content":{"rendered":"<p>Mumbai: MCXNSE 6.70 %\u2019s clearing corporation, MCXCCL, has sharply raised the margins clients need to put up for trading crude oil derivatives effective April 30.<\/p>\n<p>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 \u2014 call and put sellers \u2014 of the near-month crude oil options contacts .<\/p>\n<p>Additionally, a 50 per cent margin will be levied on other crude futures contracts and on sellers of calls and put options.<\/p>\n<p>Effectively, the near-month margin to trade will rise to minimum Rs 1.95 lakh a lot. The margin used to be Rs 60,000-70,000 days ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: MCXNSE 6.70 %\u2019s clearing corporation, MCXCCL, has sharply raised the margins clients need to put up for trading crude oil derivatives effective April 30. 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 \u2014 call and put sellers \u2014 of the near-month crude oil options contacts . Additionally, a 50 per cent margin will be levied on other crude futures contracts and on sellers of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-348883","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348883"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348883\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}