https://www.taxtmi.com/circulars?id=58661 SEBI authorises exchanges to offer cash settled Euro INR, Pound INR and Yen INR futures with monthly maturities up to 12 months, trading 9 a.m.-5 p.m., final monthly expiry per FEDAI interbank settlement rules and settlement price derived from RBI reference rates. Initial margin uses a 99% one day VaR with a 3.5 standard deviation scan and currency specific minimums, an Extreme Loss margin is imposed on gross open positions, calendar spread margins allow reduced rupee margins by tenor (with USD INR schedule revised in Annexure IV), and position limits are prescribed at client, trading member and bank levels with exchange alerts and clearing member oversight. en-us Tue, 19 Jan 2010 00:00:00 +0530 Tue, 25 Dec 2018 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58661 SEBI authorises exchanges to offer cash settled Euro INR, Pound INR and Yen INR futures with monthly maturities up to 12 months, trading 9 a.m.-5 p.m., final monthly expiry per FEDAI interbank settlement rules and settlement price derived from RBI reference rates. Initial margin uses a 99% one day VaR with a 3.5 standard deviation scan and currency specific minimums, an Extreme Loss margin is imposed on gross open positions, calendar spread margins allow reduced rupee margins by tenor (with USD INR schedule revised in Annexure IV), and position limits are prescribed at client, trading member and bank levels with exchange alerts and clearing member oversight. Circulars SEBI Tue, 19 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58661