The National Stock Exchange (NSE) on July 03, 2026, issued a circular regarding the cross-margin benefit between different spread pairs.
The following has been stated:-
•NSEICC has revised the cross-margin benefit framework for specified spread pairs, including NIFTY–BANKNIFTY, NIFTY–FINNIFTY, NIFTY–NIFTY 50 constituents, BANKNIFTY–FINNIFTY, and INRUSD–QINRUSD.
•The applicable spread benefit percentages, priorities, and cross margin ratios are provided in Annexure 1.
•For the INRUSD–QINRUSD pair, the cross margin ratio will be determined based on the relative contract values using the underlying prices of both products.
•These revised provisions will come into effect from July 06, 2026, and members are advised to take note.
[Circular No.: 093/2026]
