Position limits for exchange-traded currency derivatives tightened, margins significantly increased and member client caps imposed immediately. Revisions impose tighter controls on exchange traded USD INR currency derivatives: initial and extreme loss margins to be increased by 100% of prevailing rates for USD INR contracts; client gross open position capped at 6% of total open interest or 10 million USD, whichever is lower; non bank trading member gross open position capped at 15% of total open interest or 50 million USD, whichever is lower; stock exchanges directed to amend rules, implement systems, disseminate provisions and effect the measures from the specified implementation date.
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.
Position limits for exchange-traded currency derivatives tightened, margins significantly increased and member client caps imposed immediately.
Revisions impose tighter controls on exchange traded USD INR currency derivatives: initial and extreme loss margins to be increased by 100% of prevailing rates for USD INR contracts; client gross open position capped at 6% of total open interest or 10 million USD, whichever is lower; non bank trading member gross open position capped at 15% of total open interest or 50 million USD, whichever is lower; stock exchanges directed to amend rules, implement systems, disseminate provisions and effect the measures from the specified implementation date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
