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<h1>SEBI Reissues Guidelines for Due Date Rate Fixation on Commodity Exchanges After Repeal of Forward Contracts Act.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) outlines guidelines for the fixation of Due Date Rate (DDR) for Regional Commodity Derivatives Exchanges. These guidelines, originally prescribed by the former Forward Markets Commission, are reissued to ensure continuity following the repeal of the Forward Contracts Regulation Act, 1952. The DDR Committee, comprising non-trading members, oversees DDR fixation, involving polling of spot prices from a diverse panel. The average spot prices from the days preceding the contract's due date determine the DDR, which requires Board approval. Records of DDR processes must be maintained for six months and submitted to SEBI.