The Dubai Gold & Commodities Exchange (DGCX) is changing initial margin requirements for several currency and metals contracts, with the changes effective Monday, January 11th.
The changes will affect the Copper, INR/GBP, USD/KRW, USD/RUB and USD/ZAR contracts. The initial margin will be reduced for the USD/KRW contracts whereas the other contracts will see higher margin requirements.
The changes translate into revised delivery margin requirements too. The usual level of the delivery margin is five times that of the initial margin.
You can view the announcement on the margin changes by clicking here.
