Alignment of Trading Lot and Delivery Lot size

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ir / Madam, Sub: Alignment of Trading Lot and Delivery Lot size 1. As per the IOSCO Principles for Regulation and Supervision of Commodity Derivatives Markets, with regards the size of delivery unit for physically settled commodity derivatives contracts, "any deviation from the physical market delivery size or composition should be closely examined to ensure that it does not constitute a bar....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DAC and based on the recommendation of CDAC it has been decided that the exchanges shall follow the policy of having uniform trading and delivery lot size for the commodity derivatives contracts. 4. An exception to the above may be provided on case to case basis, subject to the recognized stock exchanges submitting detailed rationale including physical market practices, feedback from stakeholde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 7. Exchanges are advised to: i. to make necessary amendments to the relevant bye-laws, rules and regulations. ii. bring the provisions of this circular to the notice of the stock brokers of the Exchange and also to disseminate the sa....