The Reserve Bank of India (RBI) on May 08, 2024, issued the Reserve Bank of India (Margin for Derivative Contracts) Directions, 2024.
These Directions shall apply to Authorised Dealer Category-I (AD Cat-I) banks and Authorised Dealer Category – III Standalone Primary Dealers (AD Cat-III SPDs).
The A. P. (DIR Series) Circular No.10 dated February 15, 2021, on Margin for Derivative Contracts were issued to allow the posting and collection of margin for permitted derivative contracts between a person resident in India and a person resident outside India. The instructions have been reviewed based on market feedback and the Reserve Bank of India (Margin for Derivative Contracts) Directions, 2024 are being issued herewith.
These Directions shall come into force with immediate effect and shall supersede the A. P. (DIR Series) Circular No. 10 dated February 15, 2021.
[Notification No. RBI/2024-25/34 A. P. (DIR Series) Circular No.05]
