https://www.taxtmi.com/circulars?id=57745 Clearing Corporations clearing commodity derivatives must implement a Core Settlement Guarantee Fund framework and a modified standardised daily stress testing regime to assess credit exposure. The circular prescribes specific historical and hypothetical scenarios, end-of-day testing assumptions, client-level residual loss aggregation, inclusion of proprietary losses, collateral haircutting, and coverage calculations for simultaneous defaults of the two largest-exposure members and a percentage of total-member simultaneous default exposure, with phased implementation timelines. en-us Wed, 11 Jul 2018 00:00:00 +0530 Tue, 21 Jul 2020 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57745 Clearing Corporations clearing commodity derivatives must implement a Core Settlement Guarantee Fund framework and a modified standardised daily stress testing regime to assess credit exposure. The circular prescribes specific historical and hypothetical scenarios, end-of-day testing assumptions, client-level residual loss aggregation, inclusion of proprietary losses, collateral haircutting, and coverage calculations for simultaneous defaults of the two largest-exposure members and a percentage of total-member simultaneous default exposure, with phased implementation timelines. Circulars SEBI Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57745