https://www.taxtmi.com/circulars?id=58012 The circular mandates a harmonised risk management framework for national commodity derivatives exchanges requiring specified categories of liquid assets with haircut and concentration limits, and real time valuation and liquidation arrangements. It prescribes a uniform margining regime: VaR based Initial Margin computed at client portfolio level, an Extreme Loss Margin on gross open positions, additional and pre expiry/delivery margins, daily cash mark to market settlement, upfront collection of IM and ELM from clients, and online real time deduction from clearing members' liquid assets. en-us Thu, 01 Oct 2015 00:00:00 +0530 Wed, 05 Dec 2018 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58012 The circular mandates a harmonised risk management framework for national commodity derivatives exchanges requiring specified categories of liquid assets with haircut and concentration limits, and real time valuation and liquidation arrangements. It prescribes a uniform margining regime: VaR based Initial Margin computed at client portfolio level, an Extreme Loss Margin on gross open positions, additional and pre expiry/delivery margins, daily cash mark to market settlement, upfront collection of IM and ELM from clients, and online real time deduction from clearing members' liquid assets. Circulars SEBI Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58012