Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres (IFSC)

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..... adam Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres (IFSC) Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 were notified on March 27, 2015, which came into force on April 01, 2015 wherein currency derivatives were specified as permissible secu .....

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..... open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher d) Other Clients - Gross open position across all contracts not to exceed 6% of the total open interest or USD 100 million equivalent, whichever is higher. 3. Stock exchanges shall impose appropriate penalties for violation of position limits by eligible market partic .....

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