https://www.taxtmi.com/circulars?id=65463 Recognised stock exchanges with commodity derivatives segments may introduce options on commodity indices with prior approval and must follow the prescribed product design and risk management framework: cash settled European style options on indices with existing futures; minimum strikes per expiry; specified contract size, trading hours, expiry and tenor rules; final settlement by volume weighted average of constituents in the final hour; distinct position limits for clients and members; and CPMI IOSCO aligned margining, portfolio level client margins, real time scenario application, mark to market within margining, and additional option specific margins and charges. en-us Thu, 24 Mar 2022 00:00:00 +0530 Fri, 25 Mar 2022 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65463 Recognised stock exchanges with commodity derivatives segments may introduce options on commodity indices with prior approval and must follow the prescribed product design and risk management framework: cash settled European style options on indices with existing futures; minimum strikes per expiry; specified contract size, trading hours, expiry and tenor rules; final settlement by volume weighted average of constituents in the final hour; distinct position limits for clients and members; and CPMI IOSCO aligned margining, portfolio level client margins, real time scenario application, mark to market within margining, and additional option specific margins and charges. Circulars SEBI Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65463