Index options tenure extension to five years permitted, subject to contract cycle structure and exchange risk management. Introduction of index options with tenure up to five years is permitted on recognised exchanges provided there are eight semi annual June/December contracts in sequence to three serial monthly contracts and three quarterly contracts of the March/June/September/December cycle, and the exchange has an appropriate risk management framework for such derivative contracts.
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.
Index options tenure extension to five years permitted, subject to contract cycle structure and exchange risk management.
Introduction of index options with tenure up to five years is permitted on recognised exchanges provided there are eight semi annual June/December contracts in sequence to three serial monthly contracts and three quarterly contracts of the March/June/September/December cycle, and the exchange has an appropriate risk management framework for such derivative contracts.
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