TaxTMI 
TaxTMI 
Performance review of the commodity derivatives contracts
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....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 performance review shall be consulted with the Produc....
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....ilable 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): Table - Fundamentals & Balance sheet (quantity) Global Scenario Previous FY Current FY Opening Stocks Pro....
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.... during the financial year l. Ratio of open interest by FPOs/farmers/Hedge/VCP positions to total open interest (Annual average as well as maximum daily value) m. Number of unique FPOs / farmers and VCPs/hedgers who traded in the financial year n. Algorithmic trading as percentage of total trading O. Delivery defaults * Number of instances * Quantity involved * Value involved 3. Price movements a. Comparison, correlation and ratio of standard deviation of Exchange futures price vis-à-vis international futures price (wherever relevant comparable are available). b. Comparison, correlation and ratio of standard deviation of Exchange futures price vis-à-vis international spot price (wherever relevant comparable ....