Comprehensive Risk Management Framework for the cash market

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....b: Comprehensive Risk Management Framework for the cash market 1. This is in continuation to circulars MRD/DoP/SE/Cir-07/2005 dated February 23, 2005, MRD/DoP/SE/Cir-06/2008 dated March 19, 2008 and MRD/DoP/SE/Cir-10/2008 dated April 17, 2008 on the comprehensive risk management for the cash market and margining of institutional trades in the cash market. 2. In order to improve the efficienc....

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....o Market Margin shall continue to be levied on the entire cash market position e. Near month stock futures positions shall not be considered for cross margin benefit three days prior to expiry (as currently being done in the case of calendar spread.) f. There will be no change in the margins on the F&O positions. 3. The Stock Exchanges are advised to: a. put in place ....