9911796707
TMI BlogIntroduction of Derivative Contracts on Foreign Stock IndicesX X X X Extracts X X X X X X X X Extracts X X X X ..... has been decided to permit Stock Exchanges to introduce derivative contracts (Futures and Options) on foreign stock indices in the equity derivatives segment in accordance with the Guidelines mentioned in Annexure-1. 2. 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 Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acts), derivatives on that Index figure among the top 15 Index derivatives globally. OR That Index has a market capitalization of at least USD 100 billion. iii. That index is "broad based". An Index is broad based if : a. The Index consists of a minimum of 10 constituent stocks and b. No single constituent stock has more than 25% of the weight, computed in terms of free float market capi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ivatives on foreign stock indices. 5. Position Limits The Trading Member/Mutual Funds position limits (higher of ₹ 500 crore or 15% of the total open interest in Index derivatives) as well as the disclosure requirement for clients whose position exceeds 15% of the open interest of the market, as applicable to domestic stock index derivatives, shall be applicable to derivatives on foreign s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Indices shall be restricted to residents in India. ANNEXURE A S No. Exchange Americas 1. BM&FBOVESPA 2. Chicago Board Options Exchange (CBOE) 3. CME Group 4. ICE Futures U.S. 5. International Securities Exchange (ISE) 6. MexDer 7. Montréal Exchange 8. NASDAQ OMX PHLX Asia Pacific 1. Australian Securities Exchange 2. Bursa Malaysia 3. Hong Kong Exchanges 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
