https://www.taxtmi.com/circulars?id=66146 Permits cash settled futures on indices of corporate debt securities rated AA+ and above, subject to SEBI approval of index methodology, contract specifications, trading, clearing and settlement mechanisms, and a clearing corporation defined risk management framework. Index composition rules impose issuer level aggregation, concentration caps, minimum issuers and periodic review. Contract design requirements cover minimum contract value at introduction, trading hours, tenors, quotation and settlement conventions, position limits by participant category, price bands, and margining based on a one day 99.9% VaR with additional extreme loss and spread margins. en-us Tue, 10 Jan 2023 00:00:00 +0530 Wed, 11 Jan 2023 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66146 Permits cash settled futures on indices of corporate debt securities rated AA+ and above, subject to SEBI approval of index methodology, contract specifications, trading, clearing and settlement mechanisms, and a clearing corporation defined risk management framework. Index composition rules impose issuer level aggregation, concentration caps, minimum issuers and periodic review. Contract design requirements cover minimum contract value at introduction, trading hours, tenors, quotation and settlement conventions, position limits by participant category, price bands, and margining based on a one day 99.9% VaR with additional extreme loss and spread margins. Circulars SEBI Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66146