Revised Exposure Margin for Exchange Traded Equity Derivatives

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..... : Revised Exposure Margin for Exchange Traded Equity Derivatives This is in partial modification of SEBI Circular No. SMDRP/DC/CIR-13/02 dated December 18, 2002 which, inter-alia, specified that the exposure margin shall be higher of 5% or 1.5 times the standard deviation (of daily logarithmic returns of the stock price) of the notional value of the gross open position in single stock futures .....

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