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Performance review of the commodity derivatives contracts
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.... closely aligned to the physical markets, it is imperative to have a framework to evaluate the performance of these contracts based not merely on statistics regarding delivery and trade volumes but also on the strength of a comprehensive empirical assessment after considering all relevant information, pertaining to the performance of a derivative contract during the relevant period of time. 2. Keeping the above in view and in consultation with the Commodity Derivatives Advisory Committee (CDAC), the following has been decided: 2.1. All recognized stock exchanges shall review the performance of all contracts traded on their exchanges, in commodity derivatives segment, as per the parameters laid down in the Circular. 2.2. The said pe....
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....of the implementation of the provisions of this circular. 7. This Circular is available on SEBI website at www.sebi.gov.in under the category "Circulars" and "Info for Commodity Derivatives". Yours faithfully, Vikas Sukhwal General Manager Division of New Products and Market Policy Commodity Derivatives Market Regulation Department [email protected] Annexure I Parameters for Performance Review of Commodity 1. Background a. Brief about the commodity such as sample picture, lifecycle and various varieties/grade of the commodity found in India b. Commodity fundamentals and balance sheet as per the following format (to be prepared based on publicly available information on best effort basis): ....
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....ropriate units) c. Annual traded volume as proportion of total annual production (quantity in appropriate units) d. Annual average Open interest as proportion of total production e. Annual average Open interest as proportion of total deliverable supply f. Monthly and Annual value of trade (in Rs. Crores) g. Monthly and Annual quantity of delivery (in appropriate units) h. Monthly and Annual value of delivery (in Rs. Crores) i. Monthly and Annual Average Open Interest (OI) (in appropriate units) j. Annual average volume to open interest ratio k. Total number of unique members and clients who have traded during the financial year l. Ratio of open interes....