Staggered Delivery Period in Commodity futures contracts

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....ions having Commodity Derivatives Segment Dear Sir / Madam, Sub: Staggered Delivery Period in Commodity futures contracts 1. SEBI vide circular SEBI/HO/CDMRD/DRMP/CIR/P/2016/90 dated September 21, 2016 had inter-alia specified the staggered delivery framework for commodity futures contracts. The applicable staggered delivery periods for various commodity futures contracts as on the date o....

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....re commodities as well as non-agriculture commodities) shall have a staggered delivery period. 2.3. The minimum duration of staggered delivery period shall be at least five working days. 2.4. Exchanges shall have the flexibility to set higher duration of staggered delivery period for any commodity futures contract, as deemed fit, taking into account various factors such as historical open in....

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....having open long position as per random allocation methodology to ensure that all buyers have an equal opportunity of being selected to receive delivery irrespective of the size or value of the position. However, preference may be given to buyers who have marked an intention of taking delivery, which may be based on aspects such as location, quality etc... • Pay-in and pay-out for the....

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..... This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. Exchanges are advised to: i. to make necessary amendments to the relevant bye-laws, rules and regulations. ii. bri....