The National Commodity and Derivatives Exchange Limited (NCDEX) on August 05, 2026, issued circular on Pre-Expiry and Delivery Margin – Turmeric (TMCFGRNZM).
The margin structure for the Turmeric (TMCFGRNZM) futures contract has been revised in line with SEBI and NCCL circulars. The pre-expiry margin, which was earlier levied at 2% per trading day during the last 5 trading days, has now been increased to 3% per trading day and extended to the last 10 trading days, including the expiry day of the contract.
Additionally, the delivery margin has been modified and will now be the higher of 3% plus 5-day 99% Value at Risk (VaR) of spot price volatility or 40% on both long and short positions marked for delivery until pay-in is completed. These revised margin requirements will be applicable to the Turmeric contract expiring in August 2026.
[Circular No. NCCL/RISK-043/2026]
