Customer Declaration Document is a document furnishing information of the depositor and the goods deposited and who seeks storage facility from the warehouse.
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What is exchange accredited warehouses?
Accredited warehouses means a warehouse approved and designated by the Exchange
for making deliveries to and taking deliveries from for fulfilling contractual obligations
resulting from transactions in commodity contracts executed on exchange platform.
What is a warehouse?
Warehouse means and includes any place of Storage, godown, warehouse tank, silos,
storehouse, cold storage, etc. where the commodities traded on the Exchange are
stored.
What is Net option value?
Net Option Value is computed as the difference between the long option positions and the
short option positions, valued at the last available closing price and shall be updated intraday
at the current market value of the relevant option contracts at the time of generation of
risk parameters.
What margin does a seller of options pay?
The seller of an option is liable to pay higher of SPAN or Short Option Minimum Margin (SOM)
as specified by exchange from time to time and the Net option value (NOV) of the options
open position. Further, minimum ELM of 1% would be levied on short option positions.
What is Short option minimum margin (SOMM)?
SOMM is minimum margin applicable to sellers of options. The SOMM margin percentage is specified by exchange from time to time.
What margin does a buyer of options pay?
The buyer of an option is liable to pay only the premium amount.
What would be the margining system in the case of Options and futures?
Margins are portfolio based on margining model, i.e. Standard Portfolio Analysis of Risk (SPAN) system. This will take an integrated view of the risk involved in the portfolio of each
individual client comprising of his positions in all the derivatives contract traded.
What would be the Due Date Rate (Final Settlement Price) on the expiry day of an options contract?
Due Date Rate (Final Settlement Price) of the Options contract shall be determined as per the provisions mentioned in the respective contract specifications.
What is the trading period and session for Options contracts?
The trading period and session would be from Mondays to Fridays between 09.00 a.m. to 11.30 / 11.55 p.m.
