Indian Clearing Corporation Ltd. (ICCL) has issued the Tender Period / Pre-Expiry Margin Tracker for BCX (BSE Commodity Exchange) Futures contracts in the Commodity Derivatives segment that are set to expire in May 2026. The tracker is provided as an annexure and outlines tender period days along with the applicable Tender Period Margin Percent for each day.

Key Points

• The notice is issued by ICCL’s Risk Department under Chief Risk Officer Sushant Majhi.
• The Tender Period Margin Tracker covers all BCX Commodity Derivatives futures contracts expiring in May 2026.
• The tracker specifies the Tender Period / Pre-Expiry Margin applicable on each Tender Period Day.
• The detailed data is provided in the attached annexure (Annexure_May26).
• Members and participants are required to take note of and comply with the margin requirements outlined.

Regulatory Changes

No new regulatory changes are introduced. This is a periodic operational communication providing updated margin parameters for the upcoming expiry cycle.

Compliance Requirements

• Members and participants in the BCX Commodity Derivatives segment must review the Tender Period Margin Tracker (Annexure_May26).
• Members must ensure adequate margins are maintained during each Tender Period Day as specified in the tracker for May 2026 expiring contracts.

Important Dates

• Notice Date: 23 April 2026
• Applicable Period: Tender/Pre-expiry period for futures contracts expiring in May 2026 (specific dates detailed in Annexure_May26).

Impact Assessment

This notice has a moderate operational impact on members and participants trading in BCX Commodity Derivatives futures. Traders holding positions in contracts expiring in May 2026 must monitor and maintain the prescribed Tender Period Margin on each relevant day to avoid margin shortfalls or forced position closures. The tracker is a standard pre-expiry risk management tool and does not indicate any extraordinary market stress or policy change.