TMI BlogModifications in the contract specifications of commodity derivatives contractsX X X X Extracts X X X X X X X X Extracts X X X X ..... ct specifications at the exchange level. 2. In order to streamline the process and after consultation with the exchanges, it has been decided to categorise the modifications in contract specification parameters in the following three categories: a. Category A : Non-material modifications which can be made at the exchange level in yet to be launched and running contracts. b. Category B : Material modifications which can be made at the exchange level in yet to be launched contracts or running contracts which have nil open interest. These modifications shall require approval from Product Advisory Committee and approval of Regulatory Oversight Committee to be obtained post facto. c. Category C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elopment of, and to regulate the securities market. 8. This circular is available on SEBI website at www.sebi.gov.in under the category Circulars and Info for Commodity Derivatives . Yours faithfully, Priyanka Mahapatra Deputy General Manager Division of Products Commodity Derivatives Market Regulation Department +91-22-26449274 priyankam@sebi.gov.in Annexure I Categorisation of contract specification parameters in commodity derivatives contracts Category Type of Modification Parameter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tity Variation Tolerance Limit Trading Session Premium/Discount Underlying Price Quote (basis) Maximum Allowable Open Position 30 days Category C Material modifications which can be made only after approval from SEBI. These modifications shall require deliberations and approval from Product Advisory Committee and Regulatory Oversight Committee before seeking permission from SEBI. Contract Launch Calendar Trading Period Daily Price Limit Delivery Logic Settlement of Contract/ Settlement Logic/F ..... X X X X Extracts X X X X X X X X Extracts X X X X
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