Master Circular on Matters relating to Exchange Traded Derivatives
Summary
This section introduces the SEBI Master Circular on Exchange Traded Derivatives issued in April 2013. It consolidates previous circulars and clarifications regarding exchange-traded derivatives as of the issuance date. The document supersedes the earlier Master Circular dated January 2, 2012, and is available on the SEBI website. This section outlines the table of contents for Stock Futures, Stock Options, and Currency Futures derivatives. It details product design parameters such as underlying assets, eligibility criteria, trading hours, and contract specifications. Additionally, it lists risk management measures including margin computations and surveillance protocols for these financial instruments. This section outlines the regulatory framework for Currency Options, Interest Rate Futures on 10-Year GoI Security, and associated risk management measures. It details product design specifications including underlying assets, trading hours, contract sizes, and settlement mechanisms for these derivatives. The text further specifies eligibility criteria for segments, exchanges, clearing corporations, and members, alongside surveillance and disclosure requirements. This section outline
Text
The Securities and Exchange Board of India has, from time to time, issued various circulars regarding Exchange Traded Derivatives.
This master circular seeks to consolidate all the applicable circulars and related clarifications issued on the subject as on date.
This Master Circular supersedes previous Master Circular CIR/DNPD/1/2012 dated January 2, 2012.
This Master Circular is available on SEBI website at www.sebi.gov.in, under the category “Master Circulars”.
Settlement Price
Final Settlement Day
Application
Risk Management
Initial Margin Computation
Portfolio Based Margining
Exposure Limits
Real Time Computation
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Source: SecMarx — Master Circular on Matters relating to Exchange Traded Derivatives. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.