SEBI New Rule for Peak margin requirements from Dec 1st 2020 & its effects

The Securities and Exchange Board of India Rules for Peak margin requirements from Dec 1st 2020 & its effects .

A maximum of 20 times until Feb 2021

10X from Mar to May
7X from Jun to Aug
And a max of 5X from Sep 2021

Derivatives(Equity FO, currency and commodity)

25%(4X) of the SPAN + Exposure margins until Feb 2021
50%(2X) of the SPAN + Exposure margins until from Mar to May
75%(1.33X) of the SPAN + Exposure margins until Jun to Aug
Full SPAN + Exposure margins from Sep 2021