NSE13 Aug 2026circularPrepared by Complied AI

Review of Volatility Scan Range for Option Contracts in Commodity Derivatives Segment

NSE circular NCL/COM/75751 · 13 Aug 2026

Official title

Review of Volatility Scan Range (VSR) for option Contracts in Commodity Derivatives Segment

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Summary

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What changed

NSE Clearing Limited updates the Volatility Scan Range for option contracts in the commodity derivatives segment. This update applies to the month of September 2026. The new ranges cover Copper, Gold, Silver, Zinc, Crudeoil, and Naturalgas. Members must apply these specific percentage values for the specified commodities and their variants. The changes follow previous regulatory guidance on volatility scan ranges.

Who is affected: All members of the commodity derivatives segment
Required action: Members must apply the specified Volatility Scan Range percentages for the month of September 2026.
Key dates: Applicability period start — 31 Aug 2026
Thresholds: The Volatility Scan Range for Copper is 5 percent.
The Volatility Scan Range for Gold is 5 percent.
The Volatility Scan Range for Silver is 6 percent.
The Volatility Scan Range for Zinc is 5 percent.

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source: National Stock Exchange of India
Type: circular
Published by source: 13 Aug 2026
Document number: NCL/COM/75751
Issuing division: COMMODITY DERIVATIVES SEGMENT
Effective date: 31 Aug 2026
Coverage area: securities

Document text

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NSE Clearing Limited

Department: COMMODITY DERIVATIVES SEGMENT
Download Ref No: NCL/COM/75751	Date: August 14, 2026
Circular Ref. No: 0294/2026

All Members,

Sub: Review of Volatility Scan Range (VSR) for Option Contracts in Commodity Derivatives Segment

This is in continuation to our circular no. 0250/2026 (Download Ref no NCL/COM/75204) dated July 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 September 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

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