Eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges having commodity derivative segments.

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....th Commodity Derivatives Segment Dear Sir/Madam, Sub: Eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges having commodity derivative segments. 1. Chapter 6 of SEBI Master Circular dated August 4, 2023 for Commodity Derivatives Segment prescribes Product Design and Risk Management Framework for Options on Commodity Futures. 2. Based on rep....

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....nd satisfy the criteria specified below on the respective exchange: i. The average daily turnover of underlying futures contracts of the corresponding commodity during the previous twelve months, shall be at least: a) INR 100 crore for agricultural and agri-processed commodities b) INR 1000 crore for other commodities 3. The Circular shall be applicable for all Option....