Modified Carry Forward System (MCFS)

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....ll 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 July 2, 1999 will now be charged as a combination of slabs based on p....

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....ng 5% going upto 6% 12% Exceeding 200 and up to 300 17% Exceeding 6% going upto 7% 17% Exceeding 300 and up to 400 23% Exceeding 7% going upto 8% 23% Exceeding 400 30% Exceeding 8% 30% Once this margin is imposed by any Exchange having ALBM or MCFS facility, the other Exchanges having ALBM or MCFS will also follow the same from the start of next s....