Revised Position Limits for Trading Member (Banks) in Exchange Traded USD:INR derivative contracts
Summary
SEBI issues a circular to revise position limits for Trading Member Banks in USD:INR derivative contracts. The modification aligns with RBI norms, capping gross open positions at 15% of total open interest or USD 100 million, whichever is lower. This directive is issued under Section 11(1) of the SEBI Act and Section 10 of the SCRA.
Text
Gross open positions of the bank across all contracts (both futures and options contracts) not to exceed 15% of the total open interest or USD 100 million whichever is lower
This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956
Source: SecMarx — Revised Position Limits for Trading Member (Banks) in Exchange Traded USD:INR derivative contracts. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.