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FMC mulls nod for 2-day margin funding
The Forward Markets Commission (FMC), the commodity derivatives markets regulator, is considering to allow two days of margin funding.
Margin funding, a stretched leverage by member brokers to clients, is currently not allowed under the Forward Contracts (Regulation) Act (FCRA). The regulator wrote on Monday to commodity exchanges in this regard, seeking their views.
FMC Chairman Ramesh Abhishek, said,
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