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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Introduces Cross-Margining for Highly Correlated Equity Indices to Boost Collateral Efficiency, Requires 0.90 Correlation.</h1> The Securities and Exchange Board of India (SEBI) has introduced a cross-margining facility for offsetting positions in highly correlated equity indices to enhance collateral efficiency. Eligible futures on equity index pairs must have a correlation above 0.90, with significant overlap in constituents and weightage. Clearing Corporations will verify eligibility monthly and upon any index changes. A spread margin of 30% will apply to eligible positions, with benefits calculated in real-time at the client level. Stock Exchanges and Clearing Corporations must implement necessary systems and guidelines, amend regulations, and report implementation status to SEBI.
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