Position limits for FIIs and NRIs in exchange traded interest rate derivatives set; monitoring and reporting required. SEBI caps FII gross open positions in exchange traded interest rate derivatives at USD 100 million plus the book value of their Government Securities cash exposure; sub account and NRI near month client limits are the higher of Rs. 100 crore or 15% of total open interest. Exchanges must monitor limits per prior SEBI guidance: FIIs report Government Securities exposure to Clearing Members, Clearing Members report to Exchanges, and Exchanges apply monitoring analogous to equity derivative oversight, with NRI monitoring following the referenced circular.
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Position limits for FIIs and NRIs in exchange traded interest rate derivatives set; monitoring and reporting required.
SEBI caps FII gross open positions in exchange traded interest rate derivatives at USD 100 million plus the book value of their Government Securities cash exposure; sub account and NRI near month client limits are the higher of Rs. 100 crore or 15% of total open interest. Exchanges must monitor limits per prior SEBI guidance: FIIs report Government Securities exposure to Clearing Members, Clearing Members report to Exchanges, and Exchanges apply monitoring analogous to equity derivative oversight, with NRI monitoring following the referenced circular.
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