DGCX initial margins revised

The Dubai Gold and Commodities Exchange (DGCX) has revised the initial margins for several classes of contracts, according to a notice issued by the Dubai Commodities Clearing Corporation (DCCC).

Accordingly, for Gold Futures Contract, the minimum Initial Margin shall be revised to $1,100 per contract from the current $900 per contract.

Similarly, for Silver Futures Contract, the minimum Initial Margin is revised to $1,100 per contract from the current $800 per contract.

The minimum Initial Margin for the Indian Rupee versus US Dollar Futures Contract shall be revised to $600 per contract from the current $500.

Sterling versus US Dollar Futures Contract minimum Initial Margin shall be revised to $1,300 from the current $1,200 per contract.

The minimum Initial Margin for Japanese Yen versus US Dollar Futures Contract has been revised to $1,100 per contract from the current $1,300 per contract.

WTI Light Sweet Crude Oil Futures Contract's minimum Initial Margin shall be revised to $4,300 from the current $4,000 per contract.

The minimum Initial Margin for the Euro versus US Dollar Futures Contract shall be revised to $1,600 per contract from the current $1,400, while the Swiss Franc versus US Dollar Futures Contract's minimum Initial Margin shall be revised to $800 from the current $1,000 per contract.

Delivery Margin on the above classes of contracts shall be five times of the Initial Margins, the DCCC said.