https://www.taxtmi.com/circulars?id=58028 Strengthened risk management norms require exchanges to set Initial Margins based on an estimated Margin Period of Risk (MPOR) with a minimum of two days and to scale margins by liquidity; increase delivery period margins and withdraw spread-margin benefits before tender or a specified pre-expiry day. Exchanges must apply graduated measures for repeated margin/pay-in shortfalls, impose concentration margins for concentrated positions, use a ranked set of liquidation tools to regain a matched book, differentiate base minimum capital for clearing members by trade type, remove the cap on SGF contributions so exchanges meet quarterly assessed shortfalls in full, and follow a prescribed default waterfall until clearing transfers to clearing corporations. en-us Thu, 01 Sep 2016 00:00:00 +0530 Wed, 05 Dec 2018 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58028 Strengthened risk management norms require exchanges to set Initial Margins based on an estimated Margin Period of Risk (MPOR) with a minimum of two days and to scale margins by liquidity; increase delivery period margins and withdraw spread-margin benefits before tender or a specified pre-expiry day. Exchanges must apply graduated measures for repeated margin/pay-in shortfalls, impose concentration margins for concentrated positions, use a ranked set of liquidation tools to regain a matched book, differentiate base minimum capital for clearing members by trade type, remove the cap on SGF contributions so exchanges meet quarterly assessed shortfalls in full, and follow a prescribed default waterfall until clearing transfers to clearing corporations. Circulars SEBI Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58028