Eligible liquid assets updated: diamonds, base metals and alloys accepted as collateral with prescribed haircuts and limits. SEBI adds Diamond, Base metals and Alloys to the list of Eligible Liquid Assets for the Commodity Derivatives Segment, subject to applicable non-bullion concentration limits and minimum haircuts: 30% for base metals and alloys (including Steel) and 40% for diamonds. Collateral must be of the same quality specification as deliverable under contract specifications. All other provisions regarding liquid assets remain in force and the circular is effective from its date of issuance.
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Provisions expressly mentioned in the judgment/order text.
Eligible liquid assets updated: diamonds, base metals and alloys accepted as collateral with prescribed haircuts and limits.
SEBI adds Diamond, Base metals and Alloys to the list of Eligible Liquid Assets for the Commodity Derivatives Segment, subject to applicable non-bullion concentration limits and minimum haircuts: 30% for base metals and alloys (including Steel) and 40% for diamonds. Collateral must be of the same quality specification as deliverable under contract specifications. All other provisions regarding liquid assets remain in force and the circular is effective from its date of issuance.
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