The Multi Commodity Exchange Clearing Corporation Limited (MCX) on March 13, 2026, notified regarding the Review of Margin Period of Risk (MPOR) for April 2026.
It notifies Clearing Members regarding the Minimum Margin Period of Risk (MPOR) applicable for April 2026 for the computation of Initial Margins. As per the circular, the Value at Risk (VaR) for all commodity contracts will continue to be scaled up by their respective MPOR, which is a key risk parameter reflecting the time required for liquidation or managing liquidity risk in commodity contracts.
After reviewing the liquidity conditions across commodities and their variants, MCXCCL has specified the minimum MPOR for different commodities for April 2026. Accordingly, commodities such as aluminium, copper, gold, lead, steel rebar and zinc will have a minimum MPOR of 2 days, while commodities including cotton, crude oil, natural gas, nickel, silver, mentha oil, cotton oil and several commodity indices will have an MPOR of 3 days, and cardamom will have an MPOR of 4 days. Clearing members have been advised to take note of the revised MPOR values for margin computation.
[Notification no. - MCX/MCXCCL/130/2026]
