Members of clearing corporations in commodity derivatives segment need to have a minimum liquid networth of Rs 50 lakh, Sebi said today.
Tweaking the risk management norms for commodity derivatives segment, the regulator also said commodity derivatives exchanges should comply with provisions related to acceptance of Fixed Deposit Receipts (FDRs) by clearing corporations.
The norms related to minimum liquid networth and Base Minimum Capital (BMC) requirements applicable for clearing members in commodity derivatives are different from that applicable for clearing members in equity derivatives and currency derivatives.
In a circular, Sebi said it has been decided to align norms related to BMC and liquid networth.
Now,…
