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Options on Commodity Futures - Product Design and Risk Management Framework – Modification in exercise mechanism

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....ons on Commodity Futures - Product Design and Risk Management Framework - Modification in exercise mechanism. 1. SEBI vide Circular no. SEBI/HO/CDMRD/DMP/CIR/P/2017/55 dated June 13, 2017, permitted Commodity Derivatives Exchanges to introduce trading in Options on Commodity Futures and stipulated guidelines with regard to the product design and risk management framework to be adopted for trading....

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....ntracts shall expire worthless. 5.3. All exercised contracts within an option series shall be assigned to short positions in that series in a fair and non-preferential manner." 3. Other guidelines prescribed in aforesaid SEBI Circular dated June 13, 2017 shall remain unchanged 4. The Circular shall be effective from the date of new series of commodity derivatives launched on or after February....