Description

ICCL publishes the Tender Period / Pre-Expiry Margin Tracker for commodity derivatives futures contracts expiring in June 2026, outlining tender period days and applicable margin percentages.

Summary

Indian Clearing Corporation Ltd. (ICCL) has issued Notice No. 20260518-29 dated 18 May 2026, releasing the Tender Period / Pre-Expiry Margin Tracker for BCX (Commodity Derivatives segment) futures contracts expiring in June 2026. The tracker is provided as an annexure (Annexure_June2026) for reference by all members and participants.

Key Points

  • The Tender Period Margin Tracker applies to futures contracts in the Commodity Derivatives segment expiring in June 2026.
  • The tracker specifies the Tender Period days and the applicable Tender Period Margin Percent for each day.
  • The document is issued by ICCL’s Risk Department under the authority of the Chief Risk Officer, Sushant Majhi.
  • The annexure (Annexure_June2026) contains the detailed data and is attached to the notice.

Regulatory Changes

No new regulatory changes are introduced. This is a routine monthly publication of margin tracker data as part of ICCL’s standard risk management framework for commodity derivatives.

Compliance Requirements

  • All members and participants in the Commodity Derivatives segment are required to note the Tender Period Margin Tracker for June 2026 expiry contracts.
  • Members must ensure adequate margins are maintained in accordance with the Tender Period Margin Percent specified for each Tender Period Day in the attached annexure.

Important Dates

  • Notice Date: 18 May 2026
  • Applicable Expiry Month: June 2026 (futures contracts expiring in June 2026)
  • Specific tender period days and corresponding margin percentages are detailed in Annexure_June2026.

Impact Assessment

This notice is operationally significant for commodity derivatives members and participants trading BCX futures contracts with June 2026 expiry. Traders and clearing members must review the annexed margin tracker to plan for increased margin requirements during the tender/pre-expiry period. Failure to maintain the required margins during tender period days could result in margin calls or position liquidation. The impact is limited to participants in the Commodity Derivatives segment and does not affect equity or other market segments.

Impact Justification

Routine monthly margin tracker release relevant to commodity derivatives members and participants trading futures expiring in June 2026; no new regulatory changes, but operationally important for margin planning.