https://www.taxtmi.com/circulars?id=58074 Permits cash-settled Interest Rate Futures on 6-, 10- and 13-year GoI securities with two underlying options: an actual GoI security meeting residual maturity bands or a notional coupon-bearing basket; exchanges must disclose selection and weighting criteria. Contract specifications set size, quotation, tenure, settlement in INR, daily and final settlement calculations using NDS-OM volume-weighted prices or FIMMDA references, and permit three monthly plus up to three quarterly contracts. Detailed position limits, price bands, and a clearing corporation risk framework (99% one-day VaR, extreme loss and calendar spread margins) are mandated, with pre-launch SEBI approval required. en-us Fri, 12 Jun 2015 00:00:00 +0530 Wed, 11 Feb 2026 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58074 Permits cash-settled Interest Rate Futures on 6-, 10- and 13-year GoI securities with two underlying options: an actual GoI security meeting residual maturity bands or a notional coupon-bearing basket; exchanges must disclose selection and weighting criteria. Contract specifications set size, quotation, tenure, settlement in INR, daily and final settlement calculations using NDS-OM volume-weighted prices or FIMMDA references, and permit three monthly plus up to three quarterly contracts. Detailed position limits, price bands, and a clearing corporation risk framework (99% one-day VaR, extreme loss and calendar spread margins) are mandated, with pre-launch SEBI approval required. Circulars SEBI Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58074