Early pay-in facility in commodity derivatives clarified with margin exemption and continuing mark to market collection. Early pay-in facility in the commodity derivatives segment applies where certified goods are deposited in a Clearing Corporation-accredited warehouse against relevant derivative contracts. For positions covered by such early pay-in, Clearing Corporations may, based on risk perception, exempt imposition of all types of margins, while continuing to collect mark to market margins from those positions. The revised clarification applies to recognised stock exchanges and clearing corporations having a commodity derivatives segment.
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Provisions expressly mentioned in the judgment/order text.
Early pay-in facility in commodity derivatives clarified with margin exemption and continuing mark to market collection.
Early pay-in facility in the commodity derivatives segment applies where certified goods are deposited in a Clearing Corporation-accredited warehouse against relevant derivative contracts. For positions covered by such early pay-in, Clearing Corporations may, based on risk perception, exempt imposition of all types of margins, while continuing to collect mark to market margins from those positions. The revised clarification applies to recognised stock exchanges and clearing corporations having a commodity derivatives segment.
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