| Futures & Options: |
| |
|
Untitled Document
|
| |
Funds sell record Rs22,271 crore of debt in OctHigher call rates encourage investors in debt funds, particularly banks, to withdraw money from mutual funds and lend in the overnight call money market to earn more
Norway fund to put $2 bn in IndiaThis money will come into the country at a time when FIIs, the main driver of Indian stock markets, have taken out close to $11.2 billion from the country since January
Markets offer early warning signalsIndia now has the distinction of being one of the rare countries to introduce new derivatives markets this year, at a time when most countries are clamping down with bans or more regulations
Meeting margin calls costly for hedge fundsA margin call is a demand from a broker to a customer to bring up the margin deposit -- depleted by a fall in the price of the security purchased on margin -- to the required minimum level.
Derivatives: Madras court rules in favour of Axis BankRSCL is one of several firms that entered into contracts with banks in an effort to protect themselves from fluctuations in the foreign exchange market
Tackling fair value issue a major concernIn one way IFRS is reflective of the market conditions, but the worry is that the markets are never perfect
Sebi for exchange traded platform for greater transparencyIndia needed to graduate from over-the-counter to exchange traded platform in derivatives trading to provide transparency, better execution and liquidity
MCA for speedy notification of standards on derivativesThese accounting standards, which are initially recommendatory in nature and will become mandatory after 2011
Sundaram loses case against ICICI BankSundaram Multi Pap suffered a Rs2.92 crore loss from exotic derivatives contracts that were closed before they matured to cut losses but it did not pay ICICI Bank which, it claimed, had mis-sold “certain foreign exchange derivatives contracts for speculative purposes”
Use swaps to gain from vanishing interest rate spread: HDFC BankHDFC Bank predicts the spread between the two rates will narrow in the coming weeks and disappear in November
Foreign banks’ exposure to off-book items soarsInstruments such as derivatives, letters of credit and guarantees could pose a liquidity risk if not monitored
Number of new accounts halved in meltdownTill last year NSDL used to open about 200,000 accounts every month, and now it is about 100,000
Extension of ban to hit agri futures, says FMCThe government last week extended the ban on soya oil, potato, chana and rubbertill 30 November, which was initially meant for four months when imposed in May
Ask Mint | Volatility index helps gauge market mood and design derivative productsImplied volatility draws its conclusions from the present pricing of options and not from historic volatility figures
Derivatives case: court rules in favour of Axis BankThe Ludhiana-based company had filed a lawsuit against Axis Bank for allegedly mis-selling exotic derivative products to it
India launches rupee futuresThe trading limit for individuals has been set at $5 million and for trading members $25 million. However, FIIS are excluded from the market
MCX gets Sebi’s nod for currency futures tradingMCX would be the second exchange after the National Stock Exchange to launch exchange traded currency derivatives
NSE moving towards rollover contractsThe new facility will allow customers to buy and sell near- and far-month contracts in a single transaction
CII welcomes currency futures trading, opposes STTCII is of the viewpoint that the imposition of STT will distort market pricing which could lead to Rupee behaving differently vis-a-vis the actual exchange rate of a dollar
Liquidity not must before introducing derivativesNSE’s recent decision to include an additional 39 stocks for futures and options trading has caught flak from some brokers
|
| |
| |
|
