Margin requirements for derivative contracts define collateral, eligible derivatives, and regulator authority to specify additional instruments. Defines Margin as collateral posted or collected between derivative counterparties to cover credit risk, adopts the existing regulatory definition of 'Derivative,' and identifies 'Authorised dealer' and the governing Act. Lists Permitted derivative contracts to include foreign exchange derivatives, rupee interest rate derivatives, credit derivatives under the updated direction, and other derivatives the regulator may specify, with unexpressed terms to follow statutory meanings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Margin requirements for derivative contracts define collateral, eligible derivatives, and regulator authority to specify additional instruments.
Defines Margin as collateral posted or collected between derivative counterparties to cover credit risk, adopts the existing regulatory definition of "Derivative," and identifies "Authorised dealer" and the governing Act. Lists Permitted derivative contracts to include foreign exchange derivatives, rupee interest rate derivatives, credit derivatives under the updated direction, and other derivatives the regulator may specify, with unexpressed terms to follow statutory meanings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.