Cross Margin

Notice No	20130712-25	Notice Date	12 Jul 2013
Category	Settlement/RMS	Segment	Derivatives
Subject	Cross Margining benefit across S&P BSE SENSEX Futures and S&P BSE 100 Futures contracts in Equity Derivatives segment.
Content
July 12, 2013. Sub : Cross Margining benefit across S&P BSE SENSEX Futures and S&P  BSE 100 Futures contracts in Equity Derivatives segment.   Attention of the members of BSE- Equity Derivatives Segment is drawn to the Exchange Notice No. 20090318-21 dated March 18, 2009 in respect of cross margining benefit across BSE Equity (Cash) segment and Equity (Derivatives) segment.   In this connection, members hereby informed that in addition to the cross margining benefit as provided in the aforesaid notice, facility of cross margin benefit on off-setting positions between S&P BSE SENSEX Futures and S&P BSE 100 Futures contracts traded on BSE Equity Derivatives Segment will be available w.e.f. July 18, 2013.   The salient features of the cross margining facility between S&P BSE SENSEX Futures and S&P BSE 100 Futures contracts are as under :   §         Cross margining benefit will be available to all categories of market participants. §         The positions of clients in the said contracts (S&P BSE SENSEX Futures and S&P BSE 100 Futures) in Equity Derivatives Segment to the extent they off-set each other shall be considered for the purpose of cross margining. §         The positions in the Equity Derivatives segment for these shall be in the same expiry month to be eligible for cross margining benefit. §         While evaluating the client’s positions for cross margining, priority shall be given to the off-setting positions in the S&P BSE SENSEX Futures and S&P BSE 100 Futures contracts. After considering the cross margin benefit as aforesaid, the residual positions of the client in the said indices shall be considered for other eligible positions of cross margining as per the existing norms.    §         The computation of cross margining benefit shall be the same as presently applicable as per the aforesaid Exchange Notice No. 20090318-21 dated March 18, 2009 in respect of cross margining benefit.   In case of any clarification members may contact their respective Relationship Manager or following officials :   Sr. No. Name Contact No. 01. Mr. Ankit Jain 2272 8881 02. Ms. Vijayeta Gurao 2272 8185 .

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