https://www.taxtmi.com/circulars?id=70784 Commodity derivatives stress testing now requires extreme price movements in peak historical return scenarios to be replaced where they exceed a Z-score of 5 rather than 10. Maximum percentage price rises and falls for each underlying over the applicable margin period of risk during the preceding 15 years remain the relevant historical scenarios. Z-scores continue to be calculated using the mean and sigma of returns over that period. The revised methodology applies immediately to recognised clearing corporations in the Core Settlement Guarantee Fund framework. en-us Wed, 12 Aug 2026 00:00:00 +0530 Wed, 12 Aug 2026 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70784 Commodity derivatives stress testing now requires extreme price movements in peak historical return scenarios to be replaced where they exceed a Z-score of 5 rather than 10. Maximum percentage price rises and falls for each underlying over the applicable margin period of risk during the preceding 15 years remain the relevant historical scenarios. Z-scores continue to be calculated using the mean and sigma of returns over that period. The revised methodology applies immediately to recognised clearing corporations in the Core Settlement Guarantee Fund framework. Circulars SEBI Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70784