Trading by FIIs and NRIs in Exchange Traded Interest Rate Derivative Contracts

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....ouse / Corporation. Dear Sir, Sub:- Trading by FIIs and NRIs in Exchange Traded Interest Rate Derivative Contracts This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote t....

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....-04 dated July 11, 2003 permitted FIIs to participate in exchange traded interest rate derivative contracts and specified position limits for FII transactions in exchange traded interest rate derivatives. Further, RBI vide circular A.P.(DIR Series) Circular No.13, dated September 1, 2003 has specified that FIIs & NRIs may trade in all exchange traded derivative contracts approved by SEBI from t....

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....shall be the same as the client level position limits specified for exchange traded interest rate derivatives. Therefore, the position limits for a sub-account in near month exchange traded interest rate derivative contracts shall be higher of :         Rs. 100 Cr                &nbs....

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....ge shall monitor the FII and sub-account position limits in exchange traded interest rate derivative contracts in a manner similar to that specified in SEBI circular No. SMD/DC/Cir-11/02 dated February 12, 2002. In addition, the Exchange shall adopt the following procedure for monitoring the FII position limits in exchange traded interest rate derivative contracts:     The FII....