Cash settled 10 year interest rate futures launched with two underlying designs, defined settlement mechanics, position limits and margin rules. Introduction of cash settled Interest Rate Futures on the 10 year Government of India security with two underlying designs (single coupon bond or notional basket based bond), mandatory disclosure of selection and weighting criteria, submission of contract specifications and risk management frameworks to SEBI, pilot launch, specified contract size (2000 bonds), trading hours, serial monthly tenors up to three months, daily and final settlement methodologies with NDS OM and FIMMDA fallbacks, expiry rules, cash settlement in INR, prescribed position limits at client, trading member and exchange levels, price band rules with limited expansions, and margining based on 99% one day VaR plus additional margins.
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Cash settled 10 year interest rate futures launched with two underlying designs, defined settlement mechanics, position limits and margin rules.
Introduction of cash settled Interest Rate Futures on the 10 year Government of India security with two underlying designs (single coupon bond or notional basket based bond), mandatory disclosure of selection and weighting criteria, submission of contract specifications and risk management frameworks to SEBI, pilot launch, specified contract size (2000 bonds), trading hours, serial monthly tenors up to three months, daily and final settlement methodologies with NDS OM and FIMMDA fallbacks, expiry rules, cash settlement in INR, prescribed position limits at client, trading member and exchange levels, price band rules with limited expansions, and margining based on 99% one day VaR plus additional margins.
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