Position Limits in Interest Rate Derivatives (IRD)

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....MNP/35/2013 dated December 5, 2013, CIR/MRD/DRMNP/ 2/2014 dated January 20, 2014 and CIR/MRD/DRMNP/11/2015 dated June 12, 2015 prescribed framework for trading of Cash settled Interest Rate Derivatives (IRD) on Stock Exchanges. 2. Based on the consultations held with stock exchanges, it has been decided to review the extant position limits in Interest Rate Derivatives as under: (i) Ban....

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....titutions in Category I and II FPIs (i.e. other than individuals, family offices and companies), banks and Primary Dealers, Mutual Funds (at AMC level), Insurance Companies, Pension Funds and Housing Finance companies 10% of Open Interest or INR1,200 crore whichever is higher 10% of Open Interest or INR 600 crore whichever is higher Non-institutions in Category II FPIs (i.e. individuals, ....