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What does clubbing of open position limit on MCX mean?
What does clubbing of open position limit on MCX mean?
When you have multiple commodity accounts (Individual/Corporate/Partnership/HUF etc.) opened with Tradejini, and there are open positions in these accounts, the positions are combined or "clubbed" to determine the overall open position limit for the contract. This practice is in accordance with the SEBI circular (PDF), and a penalty may be imposed if the total open positions surpass the exchange-stipulated limit. You can find more details in this circular (PDF).
However, if you prefer your positions not to be clubbed, you need to provide written consent to Tradejini, stating the reasons for not clubbing the positions. Tradejini will then forward this consent to the exchange.
To know more, please connect with our support team by writing to us at help@tradejini.com.
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