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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Introduces 75% Cross Margin Benefit for Commodity Index Futures to Boost Liquidity and Optimize Capital Usage.</h1> The Securities and Exchange Board of India (SEBI) has introduced cross margin benefits between Commodity Index futures and their underlying constituent futures or variants to optimize margin capital usage and enhance trading liquidity. A 75% cross margin benefit on Initial Margin is allowed for eligible offsetting positions, computed in real-time at the client level. Clients can maintain separate arbitrage and non-arbitrage accounts, but positions are consolidated for compliance. Eligibility requires contracts to share the same or nearest expiry month among the first three expiring contracts. Clearing Corporations must back-test cross margin adequacy and seek SEBI approval, with agreements outlining default responsibilities.
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