The Securities and Exchange Board of India (SEBI) on June 17, 2026, issued the notification regarding the Clarification with respect to applicability of the benefit of early pay-in in Commodity Derivatives Segment.
The following has been stated namely: -
• Securities and Exchange Board of India (SEBI) has revised Paragraph 11.3.1 of its Master Circular on the Commodity Derivatives Segment following recommendations from the Working Group and the Commodity Derivatives Advisory Committee (CDAC).
• Clearing Corporations will continue to provide an early pay-in facility, allowing market participants to deposit certified goods in accredited warehouses against relevant commodity derivative contracts.
• Based on risk assessment, Clearing Corporations may exempt participants who have made an early pay-in from all types of margins for the corresponding positions.
• Despite such exemptions, Clearing Corporations must continue to collect mark-to-market (MTM) margins on positions against which early pay-in has been made.
The revised framework will come into effect from September 21, 2026.
[Notification No. HO/47/16/13(4)2026-MRD-POD1/I/14266/2026]
