The SEBI circular dated April 23, 2024, extends cross margin ...
SEBI allows cross margin benefits for offsetting positions with different expiry dates, subject to specified conditions for stock exchanges and clearing corporations.
Circulars SEBI
May 22, 2024
The SEBI circular dated April 23, 2024, extends cross margin benefits for offsetting positions with different expiry dates. Spread margins of 40% for correlated indices and 35% for index and constituents are introduced. The benefit is revoked on the expiry day of the first position to expire. Exchanges must monitor cross margin activities. Effective in three months, the circular is issued u/s 11(1) of the SEBI Act to safeguard investor interests and regulate the securities market.
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