The International Financial Services Centre Authority vide circular dated December 16, 2021 has issued clarification regarding settlement of trades executed on stock exchanges in IFSC. IFSC has decided that the settlement for all the trades being executed on the stock exchanges in IFSC shall be done at least once a day.
The clearing corporations shall ensure that the risk management framework is in line with the CPMI IOSCO Principles for Financial Market Infrastructures (PFMIs) at all times. The Clearing Corporations shall ensure that during the trading day/session, the Mark-to-Market losses on open futures contracts are collateralized at regular intervals based on risk assessment.
