The SEBI vide notification dated May 10, 2022 has revised the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments. It has been decided that the margin requirements to be considered for the intra-day snapshots, in derivatives segments (including commodity derivatives), shall be calculated based on the fixed Beginning of Day (BOD) margin parameters. The BOD margin parameters would include all SPAN margin parameters as well as ELM requirements.
There shall be no change in methodology of determination and collection of End of Day (EOD)margin obligationof the client. Also, there shall be no change in the provisions relating to collection and reporting of margins in cash segment.
