Patna HC: Disciplinary Authority Cannot Impose Major and Minor Penalties in a Single Order  ||  Calcutta HC: Landlord Decides His Residential Needs; Courts Cannot Set Living Standards in Eviction  ||  Orissa HC: Second Marriage During Subsistence of First Remains Invalid Even After First Wife's Death  ||  Karnataka HC: Appeals Against Acquittal in Bailable Offences Lie Only Before High Court  ||  Supreme Court: Stamp Duty on an Agreement to Sell is Leviable Only if Possession is Transferred  ||  SC: Motive Becomes Irrelevant When Direct Evidence Such as a Dying Declaration is Available  ||  Supreme Court Issues Directions to CoC in Builder Insolvency Cases To Protect Homebuyers’ Interests  ||  MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States  ||  Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail  ||  MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment    

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 2026 - All Rights Reserved