What is the Position Limit at Client, Trading Member and Clearing Member Level?
• Trading Member Level: The gross open positions of the Trading Member across all contracts cannot not exceed 15% of the total open interest or USD 25 million, whichever is higher. However, for banks who are Trading Members, this cannot exceed 15% of the total open interest or USD 100 million , whichever is higher • Client Level: The gross open positions of the client across all contracts cannot exceed 6% of the total open interest or USD 5 million, whichever is higher. BSE Exchange will disseminate alerts whenever the gross open position of a client exceeds 3% of the total open interest at the end of the previous day’s trade.
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- What is the Position Limit at Client, Trading Member and Clearing Member Level?
