Physical settlement of stock derivatives mandated in phased manner; enhanced eligibility criteria now determine continuation in derivatives segment. Physical settlement of stock derivatives is mandated in a phased manner, with the cash market risk management and settlement framework applying when derivatives devolve into physical delivery. An enhanced eligibility criteria-including top 500 ranking by market capitalisation and traded value, a minimum median quarter sigma order size, a market wide position limit, and minimum average daily delivery value measured on rolling six month bases-must be met continuously for six months for stocks to be introduced or remain in the derivatives segment; failure to meet specified criteria triggers movement to physical settlement and potential exit.
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Physical settlement of stock derivatives mandated in phased manner; enhanced eligibility criteria now determine continuation in derivatives segment.
Physical settlement of stock derivatives is mandated in a phased manner, with the cash market risk management and settlement framework applying when derivatives devolve into physical delivery. An enhanced eligibility criteria-including top 500 ranking by market capitalisation and traded value, a minimum median quarter sigma order size, a market wide position limit, and minimum average daily delivery value measured on rolling six month bases-must be met continuously for six months for stocks to be introduced or remain in the derivatives segment; failure to meet specified criteria triggers movement to physical settlement and potential exit.
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