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How much Initial Margin is to be contributed by the members?

April 26, 2017initial margin members

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How much Initial Margin is to be contributed by the members?

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Members and Associate members are required to deposit a minimum of Rs.1 lakh towards Initial margin. The minimum Initial margin deposit has to be strictly in cash only. Over and above this the Members/Associate members are required to deposit initial margin in advance at the rate of 0.50% of their trade volume.