Conversion factor for converting from USD to GBP, EURO and YEN

NOTICES

Notice No.		20240925-59		Notice Date		25 Sep 2024
Category		Trading		Segment		Currency Derivatives
Subject		Conversion factor for converting from USD to GBP, EURO and YEN
Content

This is in continuation to Exchange notice No. 20150430-20 dated April 30, 2015 & 2018040339 dated April 03, 2018 respectively informing the trading members regarding revision of limits relating to requirement of underlying exposure for Currency Derivatives contracts.<_o3a_p>

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Kindly note the conversion factors for the purpose of monitoring the aggregate position limit of USD 100 Million across currencies viz. GBP-INR, EUR-INR and JPY-INR.<_o3a_p>

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The trading members are now informed that the conversion factor from October 30, 2024 is as follows.<_o3a_p>

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Currency<_o3a_p>	Conversion Factor<_o3a_p>
USD to EURO<_o3a_p>	0.91<_o3a_p>
USD to GBP<_o3a_p>	0.77<_o3a_p>
USD to JPY<_o3a_p>	150.21<_o3a_p>

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Entities shall ensure that the position across Exchanges is within the prescribed limit of USD 100 million equivalent. If position is in excess of USD 100 million equivalent, clients shall provide disclosure of underlying exposure to Trading Member as per existing practice. Trading members also must ensure that their positions remain within the limit prescribed in para 4 of Exchange notice No. 20150430-20 dated April 30, 2015.<_o3a_p>

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The Conversion factor as provided in Exchange notice no. 20240625-35 shall continue to be applicable till October 29, 2024.<_o3a_p>

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In case, trading members require any clarification, they may please contact 022 - 2272 3030 /022 - 22725175.<_o3a_p>

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For & on behalf of BSE Ltd.<_o3a_p>

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Sachin Lad<_o3a_p>	Harish Kadam<_o3a_p>
Assistant General Manager<_o3a_p>	Manager<_o3a_p>
Surveillance<_o3a_p> <_o3a_p> <_o3a_p> Date: September 25, 2024<_o3a_p>	Surveillance<_o3a_p>

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