• FIMMDA Notice – FIMNOT/2022-23/07 Variation Margin Directions – Implementation Timelines

• RBI Clarification on Interest Rate Derivatives

• Standardisation of IRS contracts - Withdrawal of our circulars dated 28th March 2013 and 1st December 2014

• Rupee Interest rate derivatives 26/6/2019

• Interest rate options 14/06/2018

• Introduction of Interest Rate Options in India FMRD.DIRD.12/14.01.011/2016-17

OTC Derivatives



• Managing Derivative Risks

• Circular on Standardization of IRS Contracts – 26th March 2013

• Circular on Standardization of IRS Contracts – December 1st, 2014

• RBI Circular on Standardization of IRS Contracts

• There is an important Judgment of Supreme Court with respect to Derivatives. Please check Supreme Courts site for the Judgment Appeal(Civil) - No. 8916 Year: 2012 - Reportable for full details.

Derivatives Presentation

• Forward Contracts
  
  

Swaption

• Risk Management Tools- Swaptions
  
  
• Interest Rate Swaption- Notice to all members
  
  
• Operational guidelines of Interest Rate Swaption
  
  

OTC Interest Rate Brokers

• Accreditation of Voice Brokers in OTC Interest Rate Derivatives
  
  
• FORM for Accreditation OF BROKERS IN OTC Interest Rate Derivatives
  
  
• Policy Document 
  
  
• Code of Conduct


• List of Accredited Brokers

IRFs / IROs

• Permission for single bond Interest Rate Futures on 06.54% GS 2032

• Permission for single bond Interest Rate Futures on 06.67% GS 2035 and Permission for Interest Rate Option on 06.67% GS 2035 and 06.10% GS 2031.

• Permission for single bond Interest Rate Futures on 05.63% GS 2026, 06.10% GS 2031 and 06.64% GS 2035.

Exchange Traded Derivatives

• Polling Sheet

RBI Circulars on Interest Rate Futures

• IDMD.PCD. 08/14.03.01/2013-14
• FMD.MSRG. No.39/02.04.003/2009-10 dt. August 28, 2009
• IDMD.PCD.27/ED (HRK)-2010 dt. March 07,2011
• IDMD.PCD.16/14.03.01/2011-12 dt. December 30, 2011
• Press Release dt. December 30, 2011
• IDMD.PCD.17/14.03.01/2011-12 dt. December 30, 2011

10yr BENCHMARK FOR IRF MARGINS

• 10 year G-Sec Benchmark