Modified Carry Forward System: increases broker carry forward limits, adds extra margin for excess positions, removes maximum holding period. The circular revises the Modified Carry Forward System, raising the overall broker carry forward limit and imposing an additional 5% margin on incremental positions above the earlier cap; the margin applicable up to the earlier cap remains unchanged. It prescribes a per scrip, per broker position limit to curb concentration and removes the prior 90 day maximum tenure for carry forward transactions, while other existing conditions remain in force.
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Provisions expressly mentioned in the judgment/order text.
Modified Carry Forward System: increases broker carry forward limits, adds extra margin for excess positions, removes maximum holding period.
The circular revises the Modified Carry Forward System, raising the overall broker carry forward limit and imposing an additional 5% margin on incremental positions above the earlier cap; the margin applicable up to the earlier cap remains unchanged. It prescribes a per scrip, per broker position limit to curb concentration and removes the prior 90 day maximum tenure for carry forward transactions, while other existing conditions remain in force.
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