The Indian Clearing Corporation (ICCL) on May 15, 2026, issued the notification regarding the Revision of Initial Margin in Crude Oil (All variants) from May 18, 2026.
The following has been stated namely: -
• ICCL has modified its earlier circular (dated 10 March 2026) and revised risk management margins for Crude Oil contracts (all variants) as part of periodic risk assessment.
• The Minimum Initial Margin, Short Option Minimum Margin (SOMM), and VSR have been reduced from 33% to 30%, with applicable MPOR set at 3.
• The revised margin framework will come into effect from the beginning of day on Monday, 18 May 2026, and Initial Margin will be the higher of the minimum margin or VaR scaled up by MPOR.
[Notification No. 20260515-24]
