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Clearing Members are subject to the following position limits in addition to initial margins requirements.
The trading member-wise position limit in Interest rate futures is as under:
10 Year Notional Coupon bearing GOI security Futures
The gross open positions of the trading member across all contracts should not
exceed 15% of the total open interest or Rs.1000 crores whichever is higher.
91-Day T-Bill Futures
The gross open positions of the trading member across all contracts should not
exceed 15% of the total open interest or Rs.1000 crores whichever is higher.
10 Year Notional Coupon bearing GOI security Futures
The gross open positions of the client across all contracts should not exceed 6%
of the total open interest or Rs.300 crores whichever is higher.
91-Day T-Bill Futures
The gross open positions of the client across all contracts should not exceed 6%
of the total open interest or Rs.300 crores whichever is higher.
The client level gross open position would be computed on the basis of PAN across all members. Wherever the prescribed limits are crossed, alerts would be disseminated to the respective Trading Members or Clearing Members through UCI-Online application (https://www.connect2nse.com/UCI).
10 Year Notional Coupon bearing GOI security Futures
Total gross long position in the debt market and the Interest Rate Futures would
not exceed the maximum permissible debt market limit prescribed from time to
time. Short position in Interest Rate Futures would not exceed long position in
the debt market and in Interest Rate Futures.
91-Day T-Bill Futures
In case of Foreign Institutional Investors, registered with Securities and
Exchange Board of India, the total gross long (bought) position in cash and
Interest Rate Futures markets taken together should not exceed their individual
permissible limit for investment in government securities and the total gross
short (sold) position, for the purpose of hedging only, should not exceed their
long position in the government securities and in Interest Rate Futures, at any
point in time.
Client and Trading Member level position limits applicable for the next trading day, are available to members on the Exchange website (www.nseindia.com).
Margins |
Payment of Margins
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