Market value determination for stamp-duty changed; options, repo, and swap valuation methods now explicitly specified in law. Valuation for stamp-duty is governed by market value of stocks or securities instead of average or day-of value. Instrument-specific provisos provide that ... Summary
Market value determination for stamp-duty changed; options, repo, and swap valuation methods now explicitly specified in law.
Valuation for stamp-duty is governed by market value of stocks or securities instead of average or day-of value. Instrument-specific provisos provide that options are valued by the premium paid by the buyer, repo on corporate bonds by the interest paid by the borrower, and swaps by only the first leg of the cash flow.
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