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<h1>SEBI Updates Margin Verification Framework: Fixed BOD Parameters for Derivatives; No Change for EOD or Cash Segments.</h1> The Securities and Exchange Board of India (SEBI) has amended its framework for verifying the upfront collection of margins from clients in cash and derivatives segments. Effective August 1, 2022, margin requirements for intra-day snapshots in derivatives, including commodity derivatives, will be calculated using fixed Beginning of Day (BOD) margin parameters. There will be no change in the methodology for determining and collecting End of Day (EOD) margin obligations or in the cash segment provisions. Stock exchanges and clearing corporations must update their systems and inform members of these changes, ensuring compliance and reporting to SEBI.