The Bombay Stock Exchange (BSE), on September 25, 2024, issued a notification regarding the Conversion factor for converting from USD to GBP, EURO and YEN.
The conversion factors to monitor the aggregate position limit of USD 100 Million across currencies viz. GBP-INR, EUR-INR and JPY-INR.
The trading members are now informed that the October 30, 2024 conversion factor is attached to the document.
Entities shall ensure that the position across Exchanges is within the prescribed USD 100 million equivalent limit. If the position is over USD 100 million equivalent, clients shall disclose underlying exposure to the Trading Member as per existing practice. Trading members also must ensure that their positions remain within the limit prescribed in para 4 of Exchange notice No. 20150430-20 dated April 30, 2015.
The Conversion factor as provided in Exchange notice no. 20240625-35 shall continue to be applicable till October 29, 2024.
[Notification No. 20240925-59]
