RBI Notifies Directions on ‘Margin for Derivative Contracts’ After Review Based on Market Feedbacks
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- Last Updated on 10 May, 2024
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Circular No. RBI/2024-25/34 A.P. (DIR Series) Circular No. 05, Dated: 08.05.2024
Earlier, the RBI vide circular dated 15.02.2021 notified ‘Margin for Derivative Contracts’. It was issued to allow posting and collection of margin for permitted derivative contracts between a person resident in India and a person resident outside India. Based on the market feedback received, the central bank has notified RBI (Margin for Derivative Contracts) Directions, 2024. From immediate effect, these directions shall apply to AD Cat-I banks & AD Cat-III Standalone Primary Dealers.
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