MCX circular on -Review of Margin Period of Risk (MPOR)

[secmarkupdates]

Date of Issue: 12-02-2026  
         
Issuer: MCX

Review of Margin Period of Risk (MPOR)

Highlights of  MCX Circular dated Feb-12-2026

In terms of the provisions of the Rules, Byelaws and Regulations of Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) and in continuation to Circular No. MCXCCL/RISK/007/2026 dated January 13, 2026, Clearing Members of MCXCCL are notified as under:

Currently for the computation of Initial Margins, the VaR of all commodities is scaled up by their respective MPOR as per Circular No. MCXCCL/RISK/279/2025 dated December 10, 2025. MPOR is one of the risk measures of liquidity/ liquidation in commodity contracts. MCXCCL has reviewed the liquidity in all commodities and its variants and has decided the minimum MPOR for the month of March 2026.

Accordingly, for the computation of Initial Margin, the VaR of all commodities shall be scaled up by their respective MPOR which is attached as Annexure -1.

Members are requested to take note of the same.