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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Introduces Interest Rate Derivative Contracts Based on Government Securities Basket for Enhanced Trading Options.</h1> The circular issued by SEBI outlines the introduction of Exchange Traded Interest Rate Derivative Contracts based on a basket of Government Securities. It permits interest rate futures contracts on a '10-year coupon bearing notional bond,' priced from a basket of bonds with maturities between 9 to 11 years. The contract specifications include a minimum size of Rs. 200,000, cash settlement, and a maximum maturity of 12 months. The circular details risk containment measures, margining approaches, and criteria for bond liquidity. Exchanges must submit proposals to SEBI, including contract details, risk protection mechanisms, and infrastructure for effective monitoring and trading.