Pre-expiry margin increases on susceptible cash-settled commodity contracts to incentivize open interest reduction as expiry nears. Pre-expiry margins shall be imposed on cash-settled commodity contracts identified as susceptible to near-zero or negative prices under the Alternate Risk Management Framework; these margins will be levied during the last five trading days prior to expiry and will increase by a fixed daily percentage each day, to be applied by exchanges and clearing corporations, effective from the first trading day of April.
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.
Pre-expiry margin increases on susceptible cash-settled commodity contracts to incentivize open interest reduction as expiry nears.
Pre-expiry margins shall be imposed on cash-settled commodity contracts identified as susceptible to near-zero or negative prices under the Alternate Risk Management Framework; these margins will be levied during the last five trading days prior to expiry and will increase by a fixed daily percentage each day, to be applied by exchanges and clearing corporations, effective from the first trading day of April.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
