https://www.taxtmi.com/circulars?id=59227 AAA-rated foreign sovereign securities may be accepted as collateral from FIIs for exchange-traded derivatives subject to written agreements preserving jurisdiction or arbitration and rights to liquidate on default. Clearing members and clearing corporations must ensure availability for timely liquidation despite overseas intermediaries, apply appropriate haircuts (fixed or VaR-based) using market prices converted daily at the RBI Reference rate, and treat such securities as part of the cash component of liquid assets subject to a ten percent concentration limit. en-us Tue, 11 Sep 2007 00:00:00 +0530 Mon, 21 Jan 2019 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59227 AAA-rated foreign sovereign securities may be accepted as collateral from FIIs for exchange-traded derivatives subject to written agreements preserving jurisdiction or arbitration and rights to liquidate on default. Clearing members and clearing corporations must ensure availability for timely liquidation despite overseas intermediaries, apply appropriate haircuts (fixed or VaR-based) using market prices converted daily at the RBI Reference rate, and treat such securities as part of the cash component of liquid assets subject to a ten percent concentration limit. Circulars SEBI Tue, 11 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59227