Risk containment measures mandate exposure controls and margining for rolling settlement and related CNS/CFRS/ALBRS products. Gross exposure is the aggregate of a member's open positions comprising net positions of the previous four trading days, positions created on the day and net positions of the next five settlements; gross exposure margin is calculated on the worst case highest net outstanding position for unsettled days. Mark to market margins applicable under account period settlement apply to rolling settlement. Existing per scrip and member aggregate limits continue for CFRS and ALBRS, the account period margin structure applies to CFRS, ALBRS and CNS (CNS margins on sell side only), and exchanges shall consolidate T 2 deferral positions to identify scrips attracting incremental margins.
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.
Risk containment measures mandate exposure controls and margining for rolling settlement and related CNS/CFRS/ALBRS products.
Gross exposure is the aggregate of a member's open positions comprising net positions of the previous four trading days, positions created on the day and net positions of the next five settlements; gross exposure margin is calculated on the worst case highest net outstanding position for unsettled days. Mark to market margins applicable under account period settlement apply to rolling settlement. Existing per scrip and member aggregate limits continue for CFRS and ALBRS, the account period margin structure applies to CFRS, ALBRS and CNS (CNS margins on sell side only), and exchanges shall consolidate T 2 deferral positions to identify scrips attracting incremental margins.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
