Revision in computation of Core Settlement Guarantee Fund in Commodity Derivatives Segment

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..... n in computation of Core Settlement Guarantee Fund in Commodity Derivatives Segment 1. SEBI vide Circular CIR/MRD/DRMNP/25/2014 dated August 27, 2014 had prescribed norms related to Core Settlement Guarantee Fund (Core SGF), Default waterfall and Stress Test for recognised Clearing Corporations and Stock Exchanges. The said circular provides detailed guidelines regarding, inter-alia, computation .....

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..... at the stock exchanges in the recent times, the target corpus level prescribed at the time of recognition of Clearing Corporations may be reviewed and methodology for computation of core SGF corpus in Commodity Derivatives Segment may now be harmonised with that of other segments. 4. Based on extensive deliberations with the Clearing Corporations and recommendations of Risk Management Review Comm .....

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..... 8.1. Take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of this circular; 8.2. bring the provisions of this circular to the notice of the stock brokers of the Exchange and also to disseminate the same on their website; and 8.3. Communicate to SEBI, the status of the implementation of the provisions of this circular in the Monthly Dev .....

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