Revision in Position Limits for Agricultural Commodities

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..... of SEBI circular No CIR/CDMRD/DMP/2/2016 dated January 15, 2016, the following directions are hereby issued with respect to provisions of open position limits for futures contracts on agricultural commodities: (I) Client level - a. Overall position limit for a particular commodity shall be restricted to numerical position limits as mandated from time to time. For the present, the numerica .....

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..... t near month contract with off-setting positions in far months contracts shall not be permitted for the purpose of computation of near month position of any client . (II) Member level a. Overall position limit for a particular commodity shall be the numerical position limits as mandated from time to time or 15% of market wide open interest, whichever is higher. b. As prescribed vide S .....

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..... shorts will be added up separately and higher of the two will be reckoned. e. Position limits for member s proprietary positions shall be same as client level position limits. 2. The above provisions shall be effective from March 01, 2016 onwards. 3. The Exchanges are advised to: i. bring the provisions of this circular to the notice of the members of the Exchange and also to dissemina .....

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