Risk Management norms for commodity derivatives

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..... commodity derivatives Minimum Liquid Net-worth and Base Minimum Capital 1. SEBI has issued various circulars from time to time prescribing risk management norms for commodity derivatives exchanges. Post the transfer of clearing and settlement functions from commodity derivatives exchanges to Clearing Corporations, Clearing Corporations shall be required to comply with all such norms. Howe .....

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..... of the clearing member. Initial margins, ELM, additional margins or any other margins as may be specified by SEBI from time to time shall be deducted from the liquid assets of a clearing member to arrive at Liquid Net-worth of member). Acceptance of Fixed Deposit Receipts (FDRs) as collateral 3. SEBI has issued circular CIR/MRD/DRMNP/65/2016 dated July 15, 2016 on Acceptance of Fixed De .....

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..... ovisions of that circular within three months from the date of this circular. 5. The exchanges are advised to bring the provisions of this circular to the notice of their members and also to disseminate the same on their website. 6. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of .....

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