Option trading account india 2015-16


DIR Series circular No. Currently market participants, i. Option trading account india 2015-16 order to enable direct hedging of exposures in foreign currencies and option trading account india 2015-16 execution of cross-currency strategies by market participants, it has been decided, as announced in the Fourth Bi-monthly Monetary Policy Statement Para 38to permit the recognized stock exchanges to offer cross-currency futures contracts and exchange traded option contracts in the currency pairs of EUR-USD, GBP-USD and USD-JPY.

Accordingly, the Notifications No. The hedging procedure for residents as laid down in A. AD Category-I banks may bring the contents of this circular to the notice of option trading account india 2015-16 constituents and customers concerned. Annex I to A.

The Reserve Bank of India having considered necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of its powers conferred by section 45W of the Reserve Bank of India Act, and of all the powers enabling it in this behalf, hereby gives the following directions to all the persons dealing in currency futures. These Directions may be called the Currency Futures Reserve Bank Amendment Directions, and they shall come into force with effect from December 10th, All cross currency contracts shall be settled in Indian Rupees as per the method approved by Reserve Bank.

Annex II to A. These directions may be called the Exchange Traded Currency Options Reserve Bank Amendment Directions, and they shall come into force with effect from December 10th, Annex III to A. Skip to main content. Search the Website Search. Short title and commencement of the directions These Directions may be called the Currency Futures Reserve Bank Amendment Directions, and they shall come into force with effect from December 10th, Amendment to Currency Futures Option trading account india 2015-16 Bank Directions, ii In paragraph 4, a the existing clause ashall be substituted by: Short title and commencement of the directions These directions may be called the Exchange Traded Currency Options Reserve Bank Amendment Directions, and they shall come into force with effect from December 10th, As per the limits specified by the exchanges without having to establish underlying exposure.

For hedging underlying exposures, participants may take positions in either FCY-INR contracts or in combination with cross-currency contracts up to the underlying exposure option trading account india 2015-16 as per limits specified by the exchanges in terms of the guidelines stipulated in A.