Dubai Commodities Clearing Corporation (DCCC) will implement new margin requirements for a set of 17 Forex, energy and metals contracts and 12 equities futures contracts, effective Wednesday, February 10th.
The company will cut the amount of initial margin required for trading: AUD/USD, EUR/USD, INR/GBP, CHF/USD, Copper.
The margin required will be raised for Gold (Spot Gold), Silver, Silver Quanto, WTI Crude Oil and Mini WTI Crude Oil futures contracts. The amount of margin required will also be higher for INR/EUR, CAD/USD, JPY/USD, MSCI India, GBP/USD, USD/RUB, and USD/RMB futures.
The changes to margin requirements will also affect equities futures, with the futures contracts on Facebook and Infosys shares to see tighter margin requirements, that is, the amount of required margin will rise. A number of other contracts will enjoy relaxed margin requirements, that is, the amount of required margin will be lower. These equities futures contracts include: Apple, Axis Bank, Google, ICICI Bank, JP Morgan, L&T, Maruti Suzuki, Microsoft, State Bank of India, Tata Motors.
For more information on the pending changes, check out the tables below.
You can view the full notice about the new margin requirements by clicking here.