Revision of Initial Margin in Crude Oil (All variants).

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NOTICE Notice No. 20260515-24 Notice Date 15 May 2026 Category Settlement/RMS Segment Commodity Derivatives Department ICCL Subject Revision of Initial Margin in Crude Oil (All variants). Attachments No Attachment To All Members/Participants, This circular is issued in modification of ICCL circular no. 20260310-8 dated 10th March 2026, with reference to revision of Initial Margin in Crude Oil (all variants). In accordance with the Rules, Bye-laws, and Regulations of the Indian Clearing Corporation Limited (ICCL), Clearing Members are hereby notified as under: As a part of periodic review of adequacy of risk management measures and to mitigate systemic risk, ICCL has decided to revise the Minimum Initial Margin (IM), SOMM and VSR in Crude Oil contracts (all variants) from 33.00% to 30.00%. Details of the applicable margins will be as under: Minimum Initial Margin (%) Short Option Minimum Margin % (SOMM) Applicable MPOR Applicable VSR (%) 30 30 3 30 Initial Margin in above contracts shall be higher of minimum initial margin or VaR scaled up by MPOR. The provisions of this circular shall be applicable with effect from Begin of Day on Monday, 18th May 2026. Members are requested to take note of the same. Sushant Majhi Chief Risk Officer – Risk Management Risk Department Email: risk.monitoring@icclindia.com Contact No: +91-22-2272 5186/8902