The Securities and Exchange Board of India has approved in principle the introduction of physically delivered equity derivatives.
regulator announced the policy on Friday March 5 as part of a
series of reform proposals. SEBI has also agreed to
derivatives with five year maturities and futures and options
on well-established and mature volatility indices.
Board has decided that we will discuss with the stock exchanges
and institute an appropriate mechanism for physical delivery in
the derivatives market," said SEBI chairman CB
derivatives were introduced in 2000 but
only with financial settlement.
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