Modified Carry Forward System (MCFS)

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..... r/ Managing Director of all the Stock Exchanges Dear Sir, Modified Carry Forward System (MCFS) Based on the recommendations of the Risk Management Group constituted by SEBI the following decisions have been taken : Incremental Carry Forward Margin (ICFM) The Incremental Carry Forward Margin as prescribed by SEBI vide its Circular 19 dated J .....

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..... Margin Exceeding 75 and up to 100 5% Exceeding 3% going upto 4% 5% Exceeding 100 and up to 150 8% Exceeding 4% going upto 5% 8% Excee .....

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..... nges having ALBM or MCFS will also follow the same from the start of next settlement. Mark to Market Margin (MTM) Mark to Market Margin shall be collected separately from daily/exposure margin as the purpose of these margins is different. Collection of Margins The Carry Forward Margin in respect of positions carried forward would be paid 100% in cash or fixe .....

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