NCDEX to cut special, additional margin on coriander contracts from 31 July.

NCDEX has clarified that it would cut the special as well as additional margin on coriander contracts from 31 July. Accordingly, the special margin on sell and buy side will be reduced to 2.5% each from 5.0% earlier, and the additional margin on long and short side will now be 2.5% as against 2.5% and 10.0%, respectively. Earlier, the exchange had erroneously said in a circular that special sell side margin will be cut by 7.5% and additional margin by 2.5%.