Master Circular on Matters relating to Exchange Traded Derivatives
Summary
The Securities and Exchange Board of India issues this Master Circular to consolidate all applicable circulars and clarifications regarding Exchange Traded Derivatives as of January 2, 2012. This document supersedes the previous Master Circular CIR/DNPD/7/2010 dated December 31, 2010. The circular is addressed to the Managing Directors or Executive Directors of the Derivative Segments of Stock Exchanges and their Clearing Houses. 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 settlement mechanisms for each instrument. Additionally, it lists risk management measures including margin computations, exposure limits, and surveillance requirements. This section outlines the detailed product design, risk management measures, and eligibility criteria for currency options and interest rate futures. It specifies technical parameters such as underlying assets, trading hours, contract sizes, and settlement mechanisms for these derivatives. Additionally, it defines margining requirements including initial margins, extreme loss
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/7/2010 dated December 31, 2010.
This Master Circular is available on SEBI website at www.sebi.gov.in, under the category “Derivatives-Circulars”.
2.1.9 Settlement Price
2.1.10 Final Settlement Day
2.1.11 Application
2.2 Risk Management
2.2.1 Initial Margin Computation
2.2.2 Portfolio Based Margining
2.2.3 Exposure Limits
2.2.4 Real Time Computation
You have read the preview. Create a free account to read the full document and see every order that applied it.
Free accounts include 10 searches/day with full text access.
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.