Hedge value limit permits forward contracts up to the market value of the underlying; cancelled forwards cannot be rebooked. Amendments require the value of the hedge not to exceed the market value of the underlying debt or equity instruments, allow forward contracts to continue to original maturity even if the underlying portfolio shrinks for reasons other than sale of securities, and authorize dealers to offer forwards to non-residents to hedge investments in India subject to exposure verification; cancelled forward contracts are not eligible to be rebooked.
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.
Hedge value limit permits forward contracts up to the market value of the underlying; cancelled forwards cannot be rebooked.
Amendments require the value of the hedge not to exceed the market value of the underlying debt or equity instruments, allow forward contracts to continue to original maturity even if the underlying portfolio shrinks for reasons other than sale of securities, and authorize dealers to offer forwards to non-residents to hedge investments in India subject to exposure verification; cancelled forward contracts are not eligible to be rebooked.
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