Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs

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..... porations) All Depositories. Dear Sir / Madam, Subject: Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs 1. SEBI vide circular SEBI/HO/MRD/CP/CIR/P/2016/38 dated March 9, 2016 laid down the detailed framework for introduction of cross-currency futures and option contracts in the EUR-USD, GBP-USD and USD-JPY currency pairs and .....

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..... million. Higher of 15 % of Total OI across all FCY-INR pairs or USD 100 million. (b) Stock exchanges, in consultation with each other, shall implement a uniform methodology for computing and monitoring of the aforementioned proprietary positions limits in INR. (c) Further, the aforementioned positions limits are in addition to the requirement of monitoring of proprietary position limits pres .....

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..... Clearing corporations are directed to: (i) take necessary steps to put in place necessary systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; (ii) bring the provisions of this circular to the notice of the stock brokers and also disseminate the same on their website; and (iii) communicate to SEBI the status of implement .....

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