https://www.taxtmi.com/circulars?id=67328 Extension of cross margin to offsetting derivative positions with differing expiry dates modifies spread margin rates for correlated index-index and index-constituent positions; higher spread margins apply when expiries differ while existing lower margins remain for same-expiry positions. Qualification for index-constituent cross margin requires that all constituent futures share a common expiry. The reduced spread margin is revoked at the start of the earlier-expiring leg when expiries differ. Exchanges and Clearing Corporations must monitor cross margin activity and all other cross margin requirements continue to apply. en-us Tue, 23 Apr 2024 00:00:00 +0530 Wed, 24 Apr 2024 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67328 Extension of cross margin to offsetting derivative positions with differing expiry dates modifies spread margin rates for correlated index-index and index-constituent positions; higher spread margins apply when expiries differ while existing lower margins remain for same-expiry positions. Qualification for index-constituent cross margin requires that all constituent futures share a common expiry. The reduced spread margin is revoked at the start of the earlier-expiring leg when expiries differ. Exchanges and Clearing Corporations must monitor cross margin activity and all other cross margin requirements continue to apply. Circulars SEBI Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67328