Position Limits

Clearing Members are subject to the following position limits

  • Client Level Position Limits

The gross open positions of the client across all contracts in the respective currency pairs shall not exceed the limits as mentioned Client Level Position Limits.

The Exchange will disseminate alerts whenever the gross open position of the client exceeds 3% of the total open interest at the end of the previous day’s trade.

  • Non bank trading member level limits

The gross open positions of the trading member across all contracts in the respective currency pairs shall not exceed the limits as mentioned Non bank trading member level limits.

  • Bank trading member level limits

The gross open position of a Trading Member, which is a bank, across all contracts in the respective currency pairs shall not exceed the limits as mentioned Bank trading member level limits.



 

Currency Pairs Client level position limits Non bank trading member level limits Bank trading member level limits
USDINR higher of 6% of total open interest or USD 10 million higher of 15% of the total open interest or USD 50 million higher of 15% of the total open interest or USD 100 million
EURINR higher of 6% of total open interest or EUR 5 million higher of 15% of the total open interest or EUR 25 million higher of 15% of the total open interest or EUR 50 million
GBPINR higher of 6% of total open interest or GBP 5 million higher of 15% of the total open interest or GBP 25 million higher of 15% of the total open interest or GBP 50 million
JPYINR higher of 6% of total open interest or JPY 200 million higher of 15% of the total open interest or JPY 1000 million higher of 15% of the total open interest or JPY 2000 million