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Jse Clearing Agreement

by on Sep.25, 2021, under Uncategorized

A futures contract (CFs) is an agreement that gives the investor the right to buy or sell the underlying currency at a fixed exchange rate at a given time in the future. Counterparty compliance is guaranteed by JSE Clear (the JSE clearing house) for all derivative contracts. Currency derivative contracts are settled at a margin and the underlying foreign currency is not physically delivered. A foreign exchange option (CO) contract is an agreement that gives investors the right, but not the obligation, to buy or sell a forward foreign exchange contract at a future date at a fixed price. Please use the link below to view all communications and guidelines from the Financial Intelligence Centre: www.fic.gov.za/Pages/Home.aspx This market was formerly called Safex and was established in 1988 to provide a safe and efficient stock market for derivatives trading in South Africa. Unlike the spot market, where your profit or loss is only realized when you sell the instrument, JSE stock derivatives pay the profit or loss every day. This payment is called the margin of variation and corresponds to the difference in value of the derivative on a day-to-day basis. For more details on our listed instruments, please see our contractual specifications. commercial activities in any of the JSE markets, including possible market abuse; or An electronic central order book that improves transparency and liquidity Best execution The dollar/rand Maxi Currency Futures Contract is a currency future with a nominal size of more than 100,000 $US per contract instead of the normal size of 1,000 $US per contract. Market abuse consists of three prohibited conducts within the meaning of the Financial Markets Act, namely the aggregation of commercial activities that create competition at the best price Regular margin management prevents subscribers from accumulating large unpaid losses that may affect the financial situation of other market users (systemic risk). In addition, all JSE Clear contracts are cleared. This reduces credit risk. The regulatory framework governing the role of the JSE as a market surveillance authority and the compliance obligations of authorized members of the JSE includes the Financial Markets Act, 2012, the JSE Rules and Directives and the Financial Intelligence Centre Act, 2001.

The regulatory activities of the JSE market regulation division include monitoring trade in the various JSE markets to detect possible market abuse and monitoring by JSE members of compliance with their regulatory obligations. Use JSE`s equity derivatives market to trade index futures, individual stocks, exchange-traded differential contracts (CFDs), index options, individual stock options and other demanding derivatives in a liquid and transparent environment. This contract is based on the euro/dollar exchange, the most active currency pair in the world. Quanto futures and options are derivative contracts traded at the JSE. All JSE equity derivatives have quarterly closing dates at which contracts expire: at 12:00 p.m. on the third Thursday in March, June, September and December. . . .

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