Brief Overview:
RBI has deferred the implementation date for IM under the Master Direction- Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Direction, 2024 to 1st April 2025.
Provisions on VM under the Master Direction will be in force from 8th November 2024.
This has been informed by way of bilateral communication to market participants.
For any queries / clarifications, please feel free to ping us and we will be happy to chat: