Initial Margins

INITIAL MARGIN RATES AND ASSOCIATED MARGIN CREDITS

The Initial Margin (IM) rates and associated margin credits detailed below are effective on and from: 10 April 2019
Contract GroupContract CodeContract NameCurrencyNew IM Rate as of 10-April-2019Current IM Rate as of 11-March-2019
FX Currency Futures DAUD Australian Dollar/US Dollar Futures USD 850 2,050
FX Currency Futures DCAD Canadian Dollar/US Dollar Futures USD 500 700
FX Currency Futures DCHF Swiss Franc/US Dollar Futures USD 800 800
FX Currency Futures DEUR Euro/US Dollar Futures USD 750 800
FX Currency Futures DGBP Pound Sterling/US Dollar Futures USD 1,300 1,550
FX Currency Futures DJPY Japanese Yen/US Dollar Futures USD 950 950
FX Currency Futures DINRI Indian Rupee "Quanto" USD 130 130
FX Currency Futures DINRM Indian Rupee Mini /US Dollar Futures USD 50 50
FX Currency Futures DUSDRUB US Dollar/Russian Rouble Futures RUB 100,000 110,000
FX Currency Futures DUSDZAR US Dollar/South African Rand Futures ZAR 22,000 25,000
FX Currency Futures DUSDCNH US Dollar/Chinese Yuan CNH 6,900 6,900
FX Currency Options DINR Indian Rupee/USD Futures/Options* USD 500 500
Precious Metals DG Gold Futures USD 1,500 1,500
Precious Metals DGSG Spot Gold Shariah Compliant USD 1,500 1,500
Precious Metals DIG India Gold "Quanto" USD 1,150 1,150
Precious Metals DSGC DGCX Shanghai Gold Futures CNH 6,000 10,000
Precious Metals DS Silver Futures USD 800 800
Equity Indices DMSI MSCI India INR USD 1,100 1,100
Equity Indices DMSU MSCI India USD USD 1,100 1,100
Energy DWTI WTI Crude Oil Futures USD 3,000 4,800
Energy DWTIM Mini WTI Crude Oil Futures USD 300 480
Energy DICO Dubai India Crude Oil Futures USD 600 1,200
Energy DBRC Brent Crude Oil Futures USD 2,500 5,300
Base Metals DCU Copper Futures USD 1,000 1,550
Base Metals DAH Aluminium Futures USD 400 500
Base Metals DZS Zinc Futures USD 600 800
US Equity Futures DAAPL APPLE USD 700 700
US Equity Futures DFB FACEBOOK USD 850 850
US Equity Futures DGOOGL GOOGLE USD 440 440
US Equity Futures DJPM JP MORGAN USD 1,050 1,050
US Equity Futures DMSFT MICROSOFT USD 850 850
Indian Equity Futures DACC ACC Ltd. USD 1,300 1,150
Indian Equity Futures DADANIPORTS Adani Ports and Special Economic Zone Ltd. USD 600 600
Indian Equity Futures DAMBUJACEM Ambuja Cements Ltd. USD 900 850
Indian Equity Futures DASIANPAINT Asian Paints Ltd. USD 1,150 1,050
Indian Equity Futures DAUROPHARMA Aurobindo Pharma Ltd. USD 1,200 1,200
Indian Equity Futures DAXSB AXIS BANK USD 1,200 1,100
Indian Equity Futures DBAJAJAUTO Bajaj Auto Ltd. USD 450 450
Indian Equity Futures DBAJFINANCE Bajaj Finance Ltd USD 2,300 2,200
Indian Equity Futures DBANKBARODA Bank of Baroda USD 1,000 900
Indian Equity Futures DBPCL Bharat Petroleum Corporation Ltd. USD 600 550
Indian Equity Futures DBHARTIARTL Bharti Airtel Ltd. USD 500 500
Indian Equity Futures DINFRATEL Bharti Infratel Ltd. USD 500 450
Indian Equity Futures DBOSCHLTD Bosch Ltd. USD 2,800 3,000
Indian Equity Futures DCIPLA Cipla Ltd. USD 800 800
Indian Equity Futures DCOALINDIA Coal India Ltd. USD 900 900
Indian Equity Futures DDRREDDY Dr. Reddy's Laboratories Ltd. USD 450 400
Indian Equity Futures DEICHERMOT Eicher Motors Ltd. USD 3,100 3,500
Indian Equity Futures DGAIL GAIL (India) Ltd. USD 550 550
Indian Equity Futures DHCLTECH HCL Technologies Ltd. USD 1,650 1,600
Indian Equity Futures DHDFCB HDFC BANK USD 1,750 1,600
Indian Equity Futures DHEROMOTOCO Hero MotoCorp Ltd. USD 400 500
Indian Equity Futures DHINDALCO Hindalco Industries Ltd. USD 800 850
Indian Equity Futures DHINDPETRO Hindustan Petroleum Corporation Limited USD 450 400
Indian Equity Futures DHINDUNILVR Hindustan Unilever Ltd. USD 1,300 1,400
Indian Equity Futures DHDFC Housing Development Finance Corporation Ltd. USD 1,500 1,500
Indian Equity Futures DITC I T C Ltd. USD 1,150 1,100
Indian Equity Futures DICICIBC ICICI BANK USD 1,500 1,350
Indian Equity Futures DIBULHSGFIN Indiabulls Housing Finance Ltd. USD 650 650
Indian Equity Futures DIOC Indian Oil Corporation Ltd. USD 650 550
Indian Equity Futures DINDUSINDBK IndusInd Bank Ltd. USD 1,350 1,250
Indian Equity Futures DINFO INFOSYS USD 1,150 1,150
Indian Equity Futures DKOTAKBANK Kotak Mahindra Bank Ltd. USD 950 950
Indian Equity Futures DLT L&T USD 1,050 1,100
Indian Equity Futures DLUPIN Lupin Ltd. USD 600 650
Indian Equity Futures DM&M Mahindra & Mahindra Ltd. USD 1,050 1,200
Indian Equity Futures DMSIL MARUTI SUZUKI USD 1,050 1,150
Indian Equity Futures DNTPC NTPC Ltd. USD 1,050 1,100
Indian Equity Futures DONGC Oil & Natural Gas Corporation Ltd. USD 650 550
Indian Equity Futures DPOWERGRID Power Grid Corporation of India Ltd. USD 750 750
Indian Equity Futures DRIL RELIANCE USD 1,050 950
Indian Equity Futures DSBIN SBI USD 1,250 1,150
Indian Equity Futures DSUNPHARMA Sun Pharmaceutical Industries Ltd. USD 750 700
Indian Equity Futures DTTMT TATA MOTORS USD 300 300
Indian Equity Futures DTATAMTRDVR Tata Motors Ltd DVR USD 350 350
Indian Equity Futures DTATAPOWER Tata Power Co. Ltd. USD 600 600
Indian Equity Futures DTATASTEEL Tata Steel Ltd. USD 800 800
Indian Equity Futures DTCS TCS USD 1,550 1,550
Indian Equity Futures DTECHM Tech Mahindra Ltd. USD 1,250 1,100
Indian Equity Futures DULTRACEMCO UltraTech Cement Ltd. USD 600 600
Indian Equity Futures DUPL UPL Ltd USD 1,450 1,350
Indian Equity Futures DVEDL Vedanta Ltd. USD 700 750
Indian Equity Futures DWIPRO Wipro Ltd. USD 1,000 1,400
Indian Equity Futures DYESBANK Yes Bank Ltd. USD 1,050 1,550
Indian Equity Futures DZEEL Zee Entertainment Enterprises Ltd. USD 700 1,900


 

INITIAL MARGIN CREDITS

The following inter-commodity spread margin credits are effective on and from: 11 March 2019
PriorityCredit Rate % as of 11-March-2019Credit Rate % as of 11-Feb-2019Leg AContract Code Leg ALeg BContract Code Leg BPosition type*Delta Leg ADelta Leg B
1 100 100 Indian Rupee DINR Indian Rupee Mini DINRM Long-Short 1 10
2 100 100 WTI Crude Oil Futures DWTI Mini WTI Crude Oil Futures DWTIM Long-Short 1 10
3 95 95 Indian Rupee DINR Indian Rupee Quanto DINRI Long-Long 1 4
4 95 95 Indian Rupee Mini DINRM Indian Rupee Quanto DINRI Long-Long 5 2
5 75 75 WTI Crude Oil Futures DWTI Brent Crude Oil Futures DBRC Long-Short 1 1
6 75 75 Mini WTI Crude Oil Futures DWTIM Brent Crude Oil Futures DBRC Long-Short 10 1
7 75 75 Gold Futures DG India Gold Quanto DIG Long-Short 2 3
8 70 70 MSCI India INR DMSI MSCI India USD DMSU Long-Short 1 1
9 60 60 Gold Futures DG DGCX Shanghai Gold Futures DSGC Long-Short 1 1
10 60 60 India Gold Quanto DIG DGCX Shanghai Gold Futures DSGC Long-Short 4 3
11 60 60 WTI Crude Oil Futures DWTI Dubai India Crude Oil Futures DICO Long-Short 1 5
12 60 60 Mini WTI Crude Oil Futures DWTIM Dubai India Crude Oil Futures DICO Long-Short 2 1
13 55 55 Gold Futures DG Silver Futures DS Long-Short 1 2
14 50 50 Indian Rupee DINR MSCI India INR DMSI Long-Short 1 1
15 50 50 Indian Rupee Mini DINRM MSCI India INR DMSI Long-Short 10 1
16 50 50 Indian Rupee DINR MSCI India USD DMSU Long-Short 1 1
17 50 50 Indian Rupee Mini DINRM MSCI India USD DMSU Long-Short 10 1


 

CALENDAR SPREAD CHARGE

The following Intra-commodity Calendar Spread charges are effective on and from: 11 March 2019
Contract GroupContract CodeContract NameCurrencyCalendar Spread Charge as of 11-Mar-2019Calendar Spread Charge as of 11-Feb-2019
FX Currency Futures DAUD Australian Dollar/US Dollar Futures USD 75 75
FX Currency Futures DCAD Canadian Dollar/US Dollar Futures USD 50 50
FX Currency Futures DCHF Swiss Franc/US Dollar Futures USD 50 50
FX Currency Futures DEUR Euro/US Dollar Futures USD 75 75
FX Currency Futures DGBP Pound Sterling/US Dollar Futures USD 120 120
FX Currency Futures DJPY Japanese Yen/US Dollar Futures USD 90 90
FX Currency Futures DINR Indian Rupee/USD Futures USD 2 2
FX Currency Futures DINRI Indian Rupee "Quanto" USD 2 2
FX Currency Futures DINRM Indian Rupee Mini /US Dollar Futures USD 2 2
FX Currency Futures DUSDRUB US Dollar/Russian Rouble Futures RUB 10,000 10,000
FX Currency Futures DUSDZAR US Dollar/South African Rand Futures ZAR 2,400 2,400
FX Currency Futures DUSDCNH US Dollar/Chinese Yuan CNH 690 690
All other contracts shall have a 100% Calendar Spread Offset 0 0