The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), on issuance of Circular No. MCXCCL/RISK/032/2026, notified Clearing Members regarding revision in threshold limits for levy of Concentration Margin, in modification to Circular No. MCXCCL/RISK/004/2026 dated January 07, 2026. The revision has been introduced as a risk management measure under the Rules, Bye-laws and Regulations of MCXCCL.
For Non-Agri Commodities, concentration margin shall apply if either the Open Interest (OI) value of the commodity exceeds 5% of the Exchange-wide Open Interest value, or the threshold limits specified in Annexure-1 are met. For Agri Commodities, concentration margin shall apply if Open Interest exceeds the threshold limits prescribed in Annexure-1. Additionally, for new or re-launched commodities, a minimum Open Interest Value threshold of ₹250 crores for Narrow & Sensitive Commodities and ₹500 crores for Broad Commodities shall apply for one year from the date of launch.
Further, in respect of Options on Index, concentration margin shall be applicable where the Open Interest value of the Index exceeds 5% of the Exchange-wide Open Interest value (Futures plus Options combined). The revised framework aims to strengthen risk monitoring and manage concentration exposure across commodity segments.
[Notification No. MCXCCL/RISK/032/2026]
