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FMC directs comexes to revise penalty structure

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 7:52 PM IST
y-out of the expired contract, if the said spot price is higher than FSP; else this component will be zero.

The regulator clarified that the amount so collected would be bifurcated in two parts for utilisation. Out of 2.5% a component of 2% will be deposited in the Investor Protection Fund of the Exchange while the remaining 0.5% will go to the opposite party.

Additionally, if the spot price on the last day of pay-in/pay-out of the expired contract is higher than the FSP, then the difference between the FSP and the spot price prevailing on the said latter day shall also go to the opposite party.

 

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First Published: Oct 04 2007 | 11:23 AM IST

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