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

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..... ring corporations, (except for Commodity Derivatives Clearing Corporations) 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 a .....

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..... proprietary position for non-bank stock brokers Higher of 15 % of Total OI across all FCY-INR pairs or USD 200 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 proprietar .....

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..... ons, risk management framework, surveillance systems, and other requirements specified in this circular and SEBI circular dated March 09, 2016. 5. Stock exchanges and 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 .....

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