The Clearing Corporation of India Ltd. (CCIL) on February 03, 2026, issued the notification regarding the Imposition of Volatility Margin in Forex Forward and USD/INR Option Segments
The following has been stated namely: -
• Significant volatility has been observed in the Rupee/US Dollar forward exchange rate.
• As per Chapter V (B) (3) of CCIL’s Forex Forward Segment Regulations, a volatility margin may be imposed to address increased market volatility.
• CCIL has decided to impose a volatility margin of 7.50% of the Initial Margin.
• The imposition of volatility margin will result in an increase in total margin utilization in the Forex Forward Segment.
• The same volatility margin will also apply to the FX USD/INR Option Segment, and members are advised to ensure sufficient funding of their margin accounts
This shall come into force on February 03, 2026.
[Notification No. RMD/FX-FF/02]
