NSE Clearing Ltd to head SEBI panel to review margins on derivatives
The Securities and Exchange Board of India (SEBI) has constituted a working group, headed by NSE Clearing Ltd., to review the current framework of margins in the futures and options segment. The group will look into the issue and submit ..
Tags: Derivative • Exchange • Finance • Financial markets • Futures contract
SEBI allows custodial services in commodity market
Markets regulator Securities and Exchange Board of India (SEBI) has recently allowed custodial services in the commodity derivatives market. Under the new framework, existing custodians will be permitted to add commodities as an asset class and provide physical delivery of ..
Tags: Commodity • Commodity Futures Modernization Act • Custodian bank • Derivative • Finance
RBI raises currency derivative trade limit to how much amount for residents and foreign portfolio investors
The Reserve Bank of India (RBI) has raised exposure limit under Exchange Traded Currency Derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee. The RBI’s decision to raise ..
Tags: Currency pair • Derivative • Finance • Financial law • Financial markets
ICEX launched world’s first diamond future
The Indian Commodity Exchange (ICEX) has become the world’s first derivatives exchange to launch diamond futures contract. Initially, the contracts are launched in size of 1 carat with compulsory delivery. This will create an entirely new market for the diamond ..
Tags: Commodity Market • Derivative • Diamond • Diamond Standard • Exchange