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of <h1>SEBI Amends Rules to Accept Bank Guarantees Rated by Foreign Agencies for NSE and BSE Derivatives.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to the directors of the derivative segments of NSE and BSE, and their clearing houses, regarding the recognition of credit ratings by reputed foreign credit rating agencies. This decision amends Clause 4(V)(A)(b) of a previous SEBI circular, allowing bank guarantees from banks rated by these foreign agencies to be accepted as part of a member's liquid assets. The exposure limits remain: no more than 5% of the trade guarantee fund or 1% of total liquid assets for any single bank, and no more than 50% of the fund or 10% of assets for all such banks collectively.
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