Intraday Monitoring of Position Limits for Index Derivatives

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..... s 1. Clause 1.3.4 of SEBI Master Circular dated December 30, 2024 for Stock Exchanges and Clearing Corporations stipulates the following with regard to Intraday Monitoring of Position Limits for Index Derivatives: 1.3.4 Intraday monitoring of position limits 1.3.4.1 In addition to the End of Day monitoring mechanism as stated above, the position limits, for equity index derivative contracts, .....

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..... the concern of industry associations has also been that the market ecosystem is in the process of putting in place necessary systems keeping in mind the proposed delta based or futures equivalent limits for index derivatives as stated in the SEBI consultation paper dated February 24, 2025. Accordingly, in the interim, implementing systems for existing position limits that are based on notional act .....

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..... enalty for breach of existing position limits intraday and such intraday breaches shall not be considered as violations, until further directions. 3.3. Exchanges shall prepare a joint SOP intimating market participants regarding modalities of monitoring existing notional position limits intraday and intimate such breaches to clients / trading members for their risk monitoring. 4. This circular i .....

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