Mumbai, June 22 -- The Securities and Exchange Board of India (SEBI) has clarified the applicability of benefits available under the early pay-in mechanism in the commodity derivatives segment, allowing clearing corporations greater flexibility in exempting margins for positions backed by certified goods deposited in accredited warehouses.

In a circular issued on June 19, the market regulator revised provisions relating to the Early Pay-in Facility under its master circular governing the commodity derivatives segment.

Under the revised framework, clearing corporations will continue to provide an early pay-in facility that enables market participants to deposit certified goods in clearing corporation-accredited warehouses against relevan...