At MCX, due to the price gap between US and MCX, the settlement obligation for brokers who were holding a long position in crude oil will be major, experts said. It remains to be seen if all brokers fulfil their obligation or how many defaults. Though margins are generally in 5 per cent to 10 per cent range, this price drop is multi-fold. There will be huge unexpected pay-in obligations for buyers, experts said. The buyer of MCX April crude oil, who did not sell, will have to take delivery
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