RTRS: NCDEX removes additional margin on gold, silver
MUMBAI (Reuters) - The National Commodity & Derivatives Exchange Ltd (NCDEX) has removed a 5 percent pre-expiry additional margins in gold and silver contracts expiring in March 2009 and afterwards, it said in a circular.
The exchange had imposed the additional margin in March 2006, it said late on Monday.
The additional margin is added to the normal exposure margin in the last two trading days of the expiring contract, including expiry day.
