SEBI Revises Norms with Regard to Exchange Traded Funds to bring Efficiency in Margining of Index Exchange Traded Funds (ETFS) and Facilitate Efficient use of Margin Capital by Market Participants https://www.taxtmi.com/news?id=4129 SEBI revised the margining framework for broad based index ETFs: Value at Risk (VaR) margins are computed as the higher of a prescribed floor or a volatility-based multiple of the ETF's standard deviation, excluding sectoral ETFs. The circular permits cross-margining between an ETF and its constituent cash stocks, constituent stock futures, and relevant index futures to the extent positions offset each other, and provides that cross margining benefits will be withdrawn if creation/redemption of ETF units is suspended. en-us Thu, 29 Nov 2012 18:21:31 +0530 Thu, 29 Nov 2012 18:21:31 +0530 TaxTMI RSS Generator SEBI Revises Norms with Regard to Exchange Traded Funds to bring Efficiency in Margining of Index Exchange Traded Funds (ETFS) and Facilitate Efficient use of Margin Capital by Market Participants https://www.taxtmi.com/news?id=4129 SEBI revised the margining framework for broad based index ETFs: Value at Risk (VaR) margins are computed as the higher of a prescribed floor or a volatility-based multiple of the ETF's standard deviation, excluding sectoral ETFs. The circular permits cross-margining between an ETF and its constituent cash stocks, constituent stock futures, and relevant index futures to the extent positions offset each other, and provides that cross margining benefits will be withdrawn if creation/redemption of ETF units is suspended. News - Thu, 29 Nov 2012 18:21:31 +0530 https://www.taxtmi.com/news?id=4129