Risk management for currency futures requires mandatory margin maintenance enforced by clearing corporations under SEBI guidelines. Trading of currency futures is subject to mandatory margining requirements: participants must maintain initial margins, extreme loss margins and calendar spread margins, and Clearing Corporations/Clearing Houses must ensure maintenance of such margins by participants on the basis of guidelines issued by SEBI.
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Provisions expressly mentioned in the judgment/order text.
Risk management for currency futures requires mandatory margin maintenance enforced by clearing corporations under SEBI guidelines.
Trading of currency futures is subject to mandatory margining requirements: participants must maintain initial margins, extreme loss margins and calendar spread margins, and Clearing Corporations/Clearing Houses must ensure maintenance of such margins by participants on the basis of guidelines issued by SEBI.
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