Calendar spread treatment extended until near month expiry to prevent abrupt margin increases for exchange traded equity derivatives. Calendar spread positions in exchange traded equity derivatives shall receive calendar spread treatment until the expiry of the near month contract, replacing the prior rule that treated the far month as naked three trading days before expiry; this change prevents sudden margin increases and applies to exchange derivative segments and their clearing houses under the regulator's authority to protect investors and promote orderly market development.
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.
Calendar spread treatment extended until near month expiry to prevent abrupt margin increases for exchange traded equity derivatives.
Calendar spread positions in exchange traded equity derivatives shall receive calendar spread treatment until the expiry of the near month contract, replacing the prior rule that treated the far month as naked three trading days before expiry; this change prevents sudden margin increases and applies to exchange derivative segments and their clearing houses under the regulator's authority to protect investors and promote orderly market development.
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