Loading...
Skip to main content
-A
A
+A
Group Websites
BSE STAR MF
BSE Institute Ltd
BSE SME Platform
BSE Startups
BSE Hi-Tech
BSE IPF
BSE Technologies
BSE BEAM
BSE SSE
BASL
CDSL
HPX
ICCL
Asia Index
India INX
India ICC
Members Portal
Language
English
Hindi
Home
About Us
About Us
Company Profile
Board Directors
Management Team
Committees of ICCL
Credit Rating
LEI and CIN
GST Detail
Media Release
ICCL Fact-Book
Advisory Committee
Info For Shareholders
Shareholding Pattern
Financial Results
Annual Report
Compliance with Corporate Governance
Annual Return
Board Meetings
General Meetings
Corporate Governance Report
ICCL Shareholder - Contact Us
Clearing & Settlement
Equity Cash
Overview
Settlement Schedule
Settlement Process
Securities pay-in and pay-out process
Funds pay-in and pay-out process
Physical securities settlement objections
Company Objections
Clearing Bank
Download
Equity Derivatives
Overview
Clearing Members
Clearing Banks
Clearing Mechanism
Settlement Price
Settlement Process
Corporate Action Adjustments
Download
Violations & Penalty
Custodial Participants Deals
FII/MF Position Limits
STT
Currency Derivatives & IRD
Overview
Clearing Members
Clearing Banks
Clearing Mechanism
Settlement Schedule
Settlement Price
Give-up/Take-up facility
Custodial participant Deals
Violations & Penalty
Download
Commodities Derivatives
Settlement
Overview
Warehousing
Overview
Empanelment Advertisement
Accredited Warehouses
Assayer's Details
Stock Positions
Status Report
Stock Audit Report
Others
Delivery
Overview
Delivery Details
Summary of Delivery Intention
Delivery Settlement Schedule
Contract Specifications
Final Settlement Price
Mutual Funds
Overview
Type of Members
Type of Transactions
Settlement Process - Purchase Transactions
Settlement Process – Redemption Transactions
Settlement Process - Switch Transactions
ITP
NCB - G-Sec
NDS
OTB
Repo
Settlement process
Margining Framework
Clearing and Settlement
Give-up/Take-up of Repo
Tri-Party Special Repo Contracts
Risk Management
Currency Derivatives & IRD
Liquid Assets
Margin
Credit Stress Test Methodology
Risk Parameter Files
Position Limits
Daily Settlement Price
Commodities Derivatives
Liquid Assets
Margin
Credit Stress Test Methodology
Risk Parameter Files
Summary Delivery Intention
Contract Specification
Daily Margin Report
Span Risk File Format
Equity Cash
Liquid Assets
Margin
Var Elm Margin
Margin Trading
Var Margin Groups
Credit Stress Test Methodology
Impact Cost
Equity Derivatives
Liquid Assets
Margin
Credit Stress Testing Methodology
Risk Parameter Files
Position Limits
Downloads
Span Risk File Format
Repo
Margin
SLB
Position Limits
Liquid Assets
Margin
Process Flow
Core SGF and Default Waterfall
Contribution to Core SGF
Policy On Composition
Investment Policy for Core SGF
Default Waterfall
PC-Span Tutorial
Interoperability - Risk Management (FAQ)
Disclosures
Qualitative PFMI Disclosure
Quantitative PFMI Disclosures
New Margin Framework - Testing
ICCL Policy – Framework for Orderly Winding Down of Critical Operations and Services
Interoperability
SEBI Circular- Interoperability among Clearing Corporations
Draft Operating Guidelines
Annexure-1 Format of letter for preferred CC by Clearing Members
Annexure-2 Format of letter for preferred CC by Custodians
FAQ's Interoperability Framework amongst Clearing Corporations (CC)
Notice
Membership
Admission
Types of Membership
Membership Criteria
Annual Charge of Fees
Clearing Banks
Authorised Banks -Collateral Deposit
Custodians
Info Portal
Member Directory
Regulatory Actions
Complaints against ICCL
Downloads
Downloads
Byelaws
Master Circulars
Collateral Formats
File Formats
Monthly Report
Trading Holidays
Notices
Rules
Regulations
Settlement Calendars
Settlement Holidays
Settlement Statistics
User guide for Collateral Management
Client Collateral Details
Unified Distilled File Formats
Margin Reporting Calendar
Careers
Contact Us
Coordinate and Escalation Matrix
Reach US
ICCL - Derivatives FII/MF Position Limits
FII/MF Position Limits
Home
Clearing & Settlement
Equity Derivatives Segment
FII/MF Position Limits
Index Future & Options
Market Level:
There is no market wide position limits specified for index futures or Options contracts.
Client Level/ NRI/Sub Accounts / FPI Category III
A self-disclosure requirement similar to that in the take-over regulations is prescribed as under:
Any person or persons acting in concert who together own 15% or more of the open interest shall be required to report this fact to the exchange and failure to do so shall attract a penalty as laid down by the exchange / clearing corporation / SEBI.
Trading Member/FII/FPI Category I & II Mutual Fund
a. The trading member/ FII/FPI Category I & II / Mutual Fund position limits in equity index futures or index options contracts shall be higher of:
b. Rs.500 Crore OR
c. 15% of the total open interest in the market in equity index futures or index options contracts.
This limit would be applicable on open positions in all futures or index options contracts on a particular underlying index.
Stock Futures & Options
Market Level
The market wide position limit for single stock futures and stock option contracts shall be linked to the free float market capitalization and shall be equal to 20% of the number of shares held by non-promoters in the relevant underlying security (i.e., free-float holding). This limit would be applicable on aggregate open positions in all futures and all option contracts on a particular underlying stock.
The Exchange enforces the market wide limits through administrative measures, in the manner detailed below:
At the end of each day the Exchange shall test whether the market wide open interest for any Security exceeds 95% of the market wide position limit for that Security. If so, the Exchange shall take note of open position of all client/TMs as at the end of that day in that Security, and from next day onwards the members/client shall trade only to decrease their positions through offsetting positions. While the Exchange will take this action only at end of day, they shall disclose real time information about the market wide open interest as a percentage of the market wide position limits.
At the end of each day during which the ban on fresh positions is in force for any Security, the Exchange shall test whether any member or client has increased his existing positions or has created a new position in that Security. If so, that client shall be subject to a penalty equal to a specified percentage (or basis points) of the increase in the position (in terms of notional value). The penalty shall be recovered before trading begins next day. The Exchange shall specify the percentage or basis points, which shall be set high enough to deter violations of the ban on increasing positions.
The normal trading in the Security shall be resumed after the open outstanding position comes down to 80% or below of the market wide position limit.
Client Level/ NRI/Sub Accounts / FPI Category III
The gross open position across all derivative contracts on a particular underlying stock should not exceed the higher of:
1% of the free float market capitalization (in terms of number of shares). Or 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts).
These position limits would be applicable on the combined position in all derivative contracts on an underlying stock at an exchange.
This requirement may not be monitored by the exchange on a real time basis, but if during any investigation or otherwise, any violation is proved, and penalties can be levied.
Trading Member/FII/FPI Category I & II /Mutual Fund
The combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL).