9911796707
TMI BlogTrading by FIIs and NRIs in Exchange Traded Interest Rate Derivative ContractsX X X X Extracts X X X X X X X X Extracts X X X X ..... by FIIs and NRIs in Exchange Traded Interest Rate Derivative Contracts This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xchange traded interest rate derivative contracts and specified position limits for FII transactions in exchange traded interest rate derivatives. Further, RBI vide circular A.P.(DIR Series) Circular No.13, dated September 1, 2003 has specified that FIIs & NRIs may trade in all exchange traded derivative contracts approved by SEBI from time to time subject to the limits prescribed by SEBI. Accord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ivative contracts shall be higher of : ₹ 100 Cr or 15% of total open interest in the market in exchange traded interest rate derivative contracts. At the level of the NRI The position limits for NRIs shall be the same as the client level position limits specified for exchange traded interest rate derivatives. Therefore, the NRI position limits in near month exchange traded interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imits in exchange traded interest rate derivative contracts in the manner specified by SEBI for equity derivative contracts.
The Exchange shall monitor the NRI position limits in exchange traded interest rate derivative contracts in a manner similar to that specified in SEBI circular No. SEBI/DNPD/Cir-17/2003/10/29 dated October 29, 2003.
Yours sincerely,
PRATIP KAR X X X X Extracts X X X X X X X X Extracts X X X X
|
