Conversion Factors for Currency Derivatives
BSE notice 20260625-24 · 25 Jun 2026
Official title
Conversion factor for converting from USD to GBP, EURO and YEN
Official record
Open source pageSummary
Check the official recordWhat changed
BSE updates the conversion factors for GBP-INR, EUR-INR, and JPY-INR currency pairs. Trading members use these factors to monitor the aggregate position limit of USD 100 million across these currencies. The new factors apply from July 30, 2026. Trading members must ensure that client positions remain within the prescribed limit. If a position exceeds the USD 100 million equivalent, the client must provide a disclosure of underlying exposure to the trading member. The previous conversion factors remain valid until July 29, 2026.
What you must do
- Monitor aggregate position limits using the updated conversion factors.
- Obtain disclosure of underlying exposure from clients if positions exceed USD 100 million.
Key dates
- Last date for application of previous conversion factors
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260625-24 |
|---|---|
| Notice Date | 25 Jun 2026 |
| Category | Trading |
| Segment | Currency Derivatives |
| Department | DOSS |
| Subject | Conversion factor for converting from USD to GBP, EURO and YEN |
| Attachments | No Attachment |
This is in continuation to Exchange notice No. 20150430-20 dated April 30, 2015 & 20180403-39 dated April 03, 2018, respectively informing the trading members regarding revision of limits relating to requirement of underlying exposure for Currency Derivatives contracts.
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.
The trading members are now informed that the conversion factor from July 30, 2026, is as follows.
| Currency | Conversion Factor |
|---|---|
| USD to EURO | 0.86 |
| USD to GBP | 0.75 |
| USD to JPY | 159.28 |
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.
The Conversion factor as provided in Exchange notice no. 20260325-50 shall continue to be applicable till July 29, 2026.
In case, trading members require any clarification, they may please contact 022 – 2272 3030.
For & on behalf of BSE Ltd.
Soumil Shah
Deputy Vice President
Surveillance
Harish Kadam
Manager
Surveillance
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 25 Jun 2026
- Document number
- 20260625-24
- Issuing division
- DOSS
- Effective date
- 30 Jul 2026
- Coverage area
- securities