Quick summary
The SEBI clarifies the applicability of early pay-in benefits in Commodity Derivatives Segment, allowing Clearing Corporations to exempt margin imposition for market participants who deposit certified goods against relevant derivatives contracts.
Who is affected
The Managing Directors/Chief Executive Officers of all Recognized Stock Exchanges/Clearing Corporations having Commodity Derivatives Segment are affected by this clarification.
What changes
The paragraph 11.3.1 of the SEBI Master Circular for Commodity Derivatives Segment has been revised to permit Clearing Corporations to provide early pay-in facility to market participants, allowing them to deposit certified goods to the Clearing Corporation accredited warehouse against relevant derivatives contracts.
Action items
Stock Exchanges and Clearing Corporations are advised to make necessary changes to their systems for implementation of the revised paragraph 11.3.1 and bring the provisions of this circular to the notice of their members.
Key dates-deadlines
This circular shall come into effect from September 21, 2026.
Source reference
SEBI Circular HO/47/16/13(4)2026-MRD-POD1/I/14266/2026, dated June 19, 2026