The Multi-Commodity Exchange Clearing Corporation Limited (MCX) on May 14, 2026, notified regarding the Revision of the initial margin in Crude Oil (all variants).
The following has been stated:
• It has revised the risk management measures applicable to CrudeOil contracts (all variants) following a periodic review of margin adequacy. In modification of earlier circulars dated March 6, 2026, and May 11, 2026, MCXCCL has reduced the Minimum Initial Margin (IM), Short Option Minimum Margin (SOMM), and Value Scan Range (VSR) for CrudeOil contracts from 33% to 30%.
• The revised framework prescribes a 30% Minimum Initial Margin, 30% SOMM, a Margin Period of Risk (MPOR) of 3 days, and a 30% VSR. The Initial Margin for these contracts will continue to be the higher of the prescribed minimum initial margin or the VaR-based margin scaled up by the applicable MPOR.
• The revised margin requirements will come into effect from the beginning of trading on Monday, May 18, 2026.
[Notification no. - MCX/MCXCCL/283/2026]
