SC: Insurer Must Pay Accident Compensation Despite Route Permit Violation, Recoverable From Owner  ||  SC: Recovery of Currency Alone Doesn’t Convict under PC Act Without Proof of Demand and Acceptance  ||  SC: Minor Variations in Later Statements Don’t Undermine First Dying Declaration if Reliable  ||  SC: Members of Unlawful Assembly Liable under Section 149 IPC Once Common Object is Proven  ||  Madras HC: Grandparents Can Execute Adoption Deed for Unmarried Daughter if She Consents  ||  Delhi HC: Guilty Plea Doesn’t Bypass Double Jeopardy; Second Conviction for Same Offence Invalid  ||  Del HC: Provision of Recall u/s 311 CrPC Ensures Justice, Not Multiple Chances to Negligent Litigant  ||  AP HC: Shutdown of Specific Unit Constitutes Closure, Workers Entitled to Compensation under S.25FFF  ||  P&H High Court: Over-Implication of Accused’s Relatives Turns Criminal Process Into Harassment  ||  Delhi HC: Denying Candidature of Physically Disabled Person Due to 'No Vacancy' Violates RPwD Act    

Exchange Traded Cross Currency Derivatives contracts on various currency pairs introduced- (Securities and Exchange Board of India) (09 Mar 2016)

MANU/SDER/0005/2016

Capital Market

The Securities and Exchange Board of India permitted stock exchanges to introduce cross-currency futures and options contracts on EUR-USD, GBP-USD and USD-JPY. Trading in cross-currency derivatives contracts is allowed between 9.00 am and 7.30 pm. Additionally, stock exchanges will have to implement mechanisms of Dynamic Price Bands in the currency derivatives segment to prevent acceptance of orders beyond the price limits set. Product Design and Risk Management framework for the contracts is annexed with the notification.

Previously, the Reserve Bank of India had permitted stock exchanges offering cross-currency futures and option contractions for the same currency pairs and also allowed offering of currency option contracts in EUR-INR, GBP-INR and JPY-INR, in addition to the existing USD-INR currency pair.

Relevant : Guidelines on trading of Currency Futures and Exchange Traded Currency Options MANU/APDR/0094/2015 Revision of limits relating to requirement of underlying exposure for currency derivatives contracts MANU/SDER/0002/2015 Exchange Traded Currency Derivatives MANU/SDER/0010/2008

Tags : EXCHANGE TRADED   CROSS CURRENCY   DERIVATIVES CONTRACT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved