Margining in Cash Market.

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.... 1.  This is further to SEBI Circular No.MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 on the comprehensive Risk Management Framework for the cash market. 2.  Currently in the cash market, VaR margin rate is calculated at the end of the trading day and then applied to the open positions of the subsequent trading day. However, in the derivative market, the risk parameter files for com....

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....t 28, 2006. The stock exchanges are advised to note that from the date of the said implementation, no stock exchange shall permit trading activity unless it is in a position to implement the aforesaid methodology. 5.  The Stock Exchanges are also advised to ; 5.1.   make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above de....