Introduction of Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs and Exchange Traded Option contracts on EUR-INR, GBP-INR and JPY-INR currency pairs
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Exchange Traded Cross Currency Derivatives: permitted subject to specified trading hours, position limits, dynamic price bands and margining. SEBI permits recognized exchanges to introduce cross currency futures and options on EUR USD, GBP USD and USD JPY and exchange traded currency options on EUR INR, GBP INR and JPY INR, subject to RBI permissions, prescribed position limits, submission of contract specifications to SEBI, specified trading hours with enhanced intra day SPAN updates, Dynamic Price Bands for orderly trading, and a detailed margining, settlement and risk management framework including initial, extreme loss and calendar spread margins and INR cash settlement.
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.
Exchange Traded Cross Currency Derivatives: permitted subject to specified trading hours, position limits, dynamic price bands and margining.
SEBI permits recognized exchanges to introduce cross currency futures and options on EUR USD, GBP USD and USD JPY and exchange traded currency options on EUR INR, GBP INR and JPY INR, subject to RBI permissions, prescribed position limits, submission of contract specifications to SEBI, specified trading hours with enhanced intra day SPAN updates, Dynamic Price Bands for orderly trading, and a detailed margining, settlement and risk management framework including initial, extreme loss and calendar spread margins and INR cash settlement.
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