Noticeboard

Annexure-I: Risk disclosures

Source:

1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

Circular No.: MCX/TRD/105/2023

February 15, 2023

Launch of Lead Mini Futures Contracts

In terms of the Rules, Bye- Laws and Business Rules of the Exchange, and in continuation to Exchange circular no. MCX/TRD/022/2023 dated January 12, 2023 the Menbers of the Exchange are hereby notified as under:

The Exchange is pleased to announce the launch of Lead Mini Futures contracts with effect from Wednesday, February 22, 2023.

Lead Mini Futures contracts will be available for trading as below:

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Wednesday, February 22, 2023.

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the Delivery & Settlement Procedure separately.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the warehousing procedure at MCXCCL Accredited Warehouses separately

Circular No.: MCX/TRD/104/2023,

February 15, 2023

Launch of Aluminium Mini Futures Contracts

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Monday, February 20, 2023

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

You can download the circular by clicking below link:

MCXTRD1042023 Launch of Aluminium Mini Futures Contracts.

Or you can visit MCX website for more information-

All Circulars (mcxindia.com)

February 14, 2023

Launch of Zink Mini Futures

In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, and in continuation to Exchange circular no. MCX/TRD/022/2023 dated January 12, 2023, the Members of the Exchange are hereby notified as under:

The Exchange is pleased to announce the launch of Zinc Mini Futures contracts with
effect from Friday February 17, 2023.

Zinc Mini Futures contracts will be available for trading as below:

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Friday , February 17, 2023.

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the Delivery & Settlement Procedure separately.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform thewarehousing procedure at MCXCCL Accredited Warehouses separately

You can check this circular by clicking link given below:

All Circulars (mcxindia.com)

Or you can also download by clicking below-

MCXTRD1012023 Zinc Mini circular

Trading holidays for the calendar year 2023
In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby
notifies trading holidays for the calendar year 2023 as below:

The holidays falling on Saturday / Sunday are as follows:

*Muhurat Trading will be conducted on Sunday, November 12, 2023. Timings of Muhurat Trading shall be notified subsequently. 

Kindly note that due to the bank holiday on Saturday and expected delays from the payment gateway settlements, there might be a waiting period in updating the funds in your trading account on Monday, i.e., 9th Jan 2023. As a result, clients are requested to consider the below points before initiating the fund transfer:

1. The UPI payments/ECMS (Primary method) might take up to 1 hours to reflect in the clients’ trading accounts. How to use ECMS click here to know more.

2. The fund transfers via IMPS, NEFT, and RTGS using our Virtual ID might take up to 1 hours to reflect in the clients’ trading accounts.

3. The fund transfers via Instant Payment Gateway (Netbanking) might take up to T+1 day to reflect in the clients’ trading accounts. 

Please Note:

• To reduce the wait time, kindly consider adding funds in advance, i.e., on Saturday or Sunday.
• The wait time will be applicable to all the fund transfers done on Saturday and Sunday, wherein the funds will reflect on Monday, 2 hours after the commencement of the banking hours. Feasible Scenarios for the below-specified cases, along with examples:

Scenario 1:​ Funds transferred using Instant payment gateway (UPI), NEFT, RTGS, or IMPS on Saturday, Sunday or Monday. ​​​​​​

Mr. X transferred funds of ₹50,000 on Saturday (7th Jan 2023) using Instant Payment Gateway (UPI). Such funds will only reflect on Monday, 1 hours after the commencement of the banking hours in the trading account.

Scenario 2: Funds transferred using Instant payment gateway (Netbanking) on Saturday or Sunday.

Mr. X transferred funds of ₹ 50,000 on Sunday (8th Jan 2023) using the Instant Payment Gateway (Netbanking). Such funds will only reflect on Monday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

Scenario 3: Funds transferred using Instant payment gateway (Netbanking/UPI) on Monday.

Mr. X transferred funds of ₹ 50,000 on Monday (9th Jan 2023) using the Instant Payment Gateway (Netbanking/UPI). Such funds will only reflect on Tuesday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

For any query Contact us 011-40345555 or raise a ticket.

Kindly note that due to the bank holiday on Saturday and expected delays from the payment gateway settlements, there might be a waiting period in updating the funds in your trading account on Monday, i.e., 10th October 2022. As a result, clients are requested to consider the below points before initiating the fund transfer:

1. The UPI payments (Primary method) might take up to 2 hours to reflect in the clients’ trading accounts.

2. The fund transfers via IMPS, NEFT, and RTGS using our Virtual ID might take up to 2 hours to reflect in the clients’ trading accounts.

3. The fund transfers via Instant Payment Gateway (Netbanking) might take up to T+1 day to reflect in the clients’ trading accounts. 

Please Note:

• To reduce the wait time, kindly consider adding funds in advance, i.e., on Saturday or Sunday.
• The wait time will be applicable to all the fund transfers done on Saturday and Sunday, wherein the funds will reflect on Monday, 2 hours after the commencement of the banking hours. Feasible Scenarios for the below-specified cases, along with examples:

Scenario 1:​ Funds transferred using Instant payment gateway (UPI), NEFT, RTGS, or IMPS on Saturday, Sunday or Monday. ​​​​​​

Mr. X transferred funds of ₹50,000 on Saturday (8th Oct 2022) using Instant Payment Gateway (UPI). Such funds will only reflect on Monday, 2 hours after the commencement of the banking hours in the trading account.

Scenario 2: Funds transferred using Instant payment gateway (Netbanking) on Saturday or Sunday.

Mr. X transferred funds of ₹ 50,000 on Sunday (9th October) using the Instant Payment Gateway (Netbanking). Such funds will only reflect on Monday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

Scenario 3: Funds transferred using Instant payment gateway (Netbanking/UPI) on Monday.

Mr. X transferred funds of ₹ 50,000 on Monday (10th October) using the Instant Payment Gateway (Netbanking/UPI). Such funds will only reflect on Tuesday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

For any query Contact us 011-40345555 or raise a ticket.

In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby notifies trading holidays for the calendar year 21-22 as below:

Following holidays are falling on Saturdays/Sundays:

*Muhurat Trading will be conducted on Monday, October 24, 2022. Timings of Muhurat Trading shall be notified subsequently.

In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange, Trading
Holidays for the calendar year 2022 are notified as under:

* Timings for the Muhurat trading shall be notified by the Exchange subsequently.

Note:

Current Trade timings:

1. Morning session – 9:00 AM to 5:00 PM
2. Evening session – 5:00 PM to 11:30/11:55 PM and 5:00 PM to 9:00 PM for
3. Internationally linked agricultural commodities.

Following holidays are falling on Saturdays/Sundays:

In terms of the provisionsof the Rules, Bye-Laws and Business Rules of the Exchange, theMembers of the Exchange are notified asunder:

MCX iCOMDEXBase Metals Index (MCX METLDEXTM) March 2021 Futures contract will beavailable for trading with effect from Tuesday, December 15,2020.

The contract specifications and trading parameters of the contract as specified in circular no. MCX/TRD/699/2020 dated September 22, 2020 issued by the Exchange, shall be bindingon allthe Members of the Exchange and constituents trading throughthem.

Sub: Introduction of Peak Margin

With reference to SEBI circular reference number SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated 20th July 2020, Peak Margin would be introduced in Equity, Commodity & Currency segment from 1st December 2020.

Following are the guidelines for collection of upfront margin from clients in Cash & Derivative segment: –

1. SEBI circular Exchanges/ Clearing Corporations have mandated trading members to collect applicable margins from their clients/ constituents in advance of the trade for all the segments i.e. Equity, Commodity &Currency.

2. Gill Broking shall have to report the margin collected from each client for EOD as well as Peak margin during the day, in the following manner: a) EOD margin obligation of the client shall be compared with the respective client margin available with the Trading Member (TM)/Clearing Member (CM) at EOD. AND b) Peak margin obligation (Highest) of the client, during the day, shall be compared with respective client peak margin available with the TM/CM during the day. Higher of the shortfall in collection of the margin obligations at (a) and (b) above, shall be considered for levying of penalty as per the extant framework

3. The above framework will be prescribed in the phased manner as below

• Phase 1 (for 3 months from the date of implementation) – 25% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 2 (for subsequent 3 months) – 50% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 3 (for subsequent 3 months) – 75% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 4 (subsequently) – 100% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

4. In cash market the peak margin will be applicable till T+2 till payin for the delivery positions.

5. Peak margin file will be sent by exchanges 4 times in a day at random time schedule, the maximum margin in any of the these files will be considered as peak margin for the day and margin will have to be complied based on the peak margin or EOD margin which is higher.

6. Please find below example of how Peak margin would be calculated:-

In continuation to circular No. 42879 dated December 11, 2020, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

In continuation to circular No. 42878 dated December 11, 2019, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.