Pre-Expiry Margin on commodities under Alternate Risk Management Framework - SEBI - SEBI/HO/CDMRD/DRMP/CIR/P/2021/20

..... CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2021/20 February 23, 2021 To, The Managing Directors / Chief Executive Officers, All Clearing Corporations having Commodity Derivatives Segment Sir / Madam, Sub: Pre-Expiry Margin on commodities under Alternate Risk Management Framework 1. SEBI vide Circular CIR/CDMRD/DRMP/01/2015 dated October 01, 2015 and SEBI/HO/CDMRD/DNPMP/CIR/P/2019/83 dated July 26, 2019, inter alia, had prescribed norms related to Pre-Expiry Margins. 2. In light of an unprecedented event .....

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Pre-Expiry Margin on commodities under Alternate Risk Management Framework - SEBI

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..... settled contracts wherein the underlying commodity is deemed susceptible to possibility of near zero and/or negative prices as identified by exchange/CC under ARMF circular. In case of these contracts, pre-expiry margins shall be levied during the last five trading days prior to expiry date, wherein they shall increase by 5% every day. 5. The circular shall be effective from the first trading day of the month of April 01, 2021. 6. This circular is issued in exercise of the powers conferred unde .....

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Pre-Expiry Margin on commodities under Alternate Risk Management Framework - SEBI

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