https://www.taxtmi.com/circulars?id=64871 Cross margin benefit between commodity index futures and constituent futures permits reduction in initial margin for eligible offsetting positions while Extreme Loss Margin and Mark to Market margins continue to apply. The benefit must be computed at the client level in real time and passed to the client. Eligibility is limited to contracts in the same or nearest expiry month among the first three expiries and the benefit must be withdrawn by tender period start or expiry. Clearing Corporations may introduce cross margin after six months of back testing proving post benefit initial margin covers MTM on at least 99% of days, and must have default and liability allocation arrangements. en-us Tue, 29 Jun 2021 00:00:00 +0530 Tue, 29 Jun 2021 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64871 Cross margin benefit between commodity index futures and constituent futures permits reduction in initial margin for eligible offsetting positions while Extreme Loss Margin and Mark to Market margins continue to apply. The benefit must be computed at the client level in real time and passed to the client. Eligibility is limited to contracts in the same or nearest expiry month among the first three expiries and the benefit must be withdrawn by tender period start or expiry. Clearing Corporations may introduce cross margin after six months of back testing proving post benefit initial margin covers MTM on at least 99% of days, and must have default and liability allocation arrangements. Circulars SEBI Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64871