Cut-off Time for Determining Minimum Threshold of Margins to be Collected from Clients

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....mmodity Derivatives Segment Sir / Madam, Sub: Cut-off Time for Determining Minimum Threshold of Margins to be Collected from Clients 1. SEBI vide circular SEBI/HO/CDMRD/DRMP/CIR/P/2016/80 dated September 07, 2016 and SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 dated June 20, 2019 prescribed mechanism for levying penalties on short-collection/non-collection of Margins. 2. SEBI has received feedbac....

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....isk Parameter File (RPF) to be generated at cut-off time shall be applied on clients' EOD portfolio for the purpose of determining minimum threshold of margin to be collected from clients by members. c. Similarly for the purpose of determining minimum threshold of Extreme Loss Margin (ELM) to be collected from clients, EOD client portfolio shall be valued at the half an hour weighted aver....