HomeAbout UsApply IPOSupport
Welcome To SupportNo matter your question, we have the answer.
What impact does the SEBI circular on MCX clubbing of open positions have on me?

The position limitations for commodity derivative contracts are set out in SEBI circular SEBI/HO/CDMRD/DMP/CIR/P/2016/96, dated September 27, 2016. As a result, two or more related/connected clients (individuals, corporations, and HUFs) should not maintain positions in excess of the Exchange's specified limit. The client limits are outlined in the circular's Annexure A (Pg-4) section.

If you have numerous (Individual/Corporate/Partnership/HUF, etc.) commodity accounts with different/same brokers and hold positions, these positions will be combined to calculate the contract's overall open position limit. A penalty will be imposed if this exceeds the Exchange's specified limit.

By default, the Exchange will club all positions; however, if you do not want the positions to be clubbed, please provide us with written consent outlining grounds for not clubbing the positions, which we will transmit to the Exchange.