Bullion as collateral

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..... SEBI had specified comprehensiverisk management framework for national commodity derivatives exchanges including norms on collateral that can be accepted by Exchanges from their members. 2. After analysing the representations received regarding bullion as collateral, it has been decided to modify the condition - Total commodities collateral for any clearing member shall not exceed 15% of the .....

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..... e of their members and also to disseminate the same on their website. 5. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 6. This circular is available on SEBI website at www.sebi .....

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