Laws and sections by number or title, due dates, pages, and updates.
NSE Clearing Limited updates the Volatility Scan Range for option contracts in the commodity derivatives segment. This update applies to specific commodities and their variants for December 2026. Members must apply the specified percentage values for risk management purposes. The commodities include Copper, Gold, Silver, Zinc, Crudeoil, and Naturalgas. The new ranges take effect from December 1, 2026.
What you must do
Key dates
Who is affected
Thresholds
Ask about this circular
[Image omitted. See the official document.]
| Department: COMMODITY DERIVATIVES SEGMENT | |
|---|---|
| Download Ref No: NCL/COM/77420 | Date: November 13, 2026 |
| Circular Ref. No: 0400/2026 | |
All Members,
Sub: Review of Volatility Scan Range (VSR) for Option Contracts in Commodity Derivatives Segment
This is in continuation to our circular no. 0365/2026 (Download Ref no NCL/COM/76905) dated October 15, 2026, and with reference to SEBI circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/08 dated January 11, 2021, on Review of Volatility Scan Range (VSR) for Option contracts in Commodity Derivatives Segment.
Applicable VSR for the month of December 2026 shall be applicable to the below commodities including its variants:
| Sr. No | Commodity | Applicable VSR (%) |
|---|---|---|
| 1 | COPPER | 5 |
| 2 | GOLD | 5 |
| 3 | SILVER | 6 |
| 4 | ZINC | 5 |
| 5 | CRUDEOIL | 30 |
| 6 | NATURALGAS | 6 |
Members are requested to take note of the above.
For and on behalf of
NSE Clearing Limited
Huzefa Mahuvawala
Chief Risk Officer
| Telephone No | Email id |
|---|---|
| 1800 266 0050 (Select IVR option No 2) | risk_ops@nsccl.co.in |
Non-Confidential
