RBI issues Amendment Directions on 'Standardised Approach for Counterparty Credit Risk (SA-CCR)’
The Reserve Bank of India had issued draft Amendment Directions on the ‘ Standardised Approach for Counterparty Credit Risk (SA-CCR)’ on June 10, 2026 , inviting feedback from stakeholders until July 1, 2026. The draft Amendment Directions proposed modifications to the instructions on capital charge for counterparty credit risk as provided in Master Direction on Forthcoming Instructions for…
On June 10, 2026, the Reserve Bank of India released draft Amendment Directions concerning the Standardised Approach for Counterparty Credit Risk (SA-CCR). These draft instructions, which were set to be submitted for stakeholder feedback, were designed to introduce modifications to the capital charge for counterparty credit risk outlined in the Master Direction on Upcoming Instructions for commercial banks.
Among other refinements, the draft sought to clarify the applicability of CCR to both banking and trading exposures, address the treatment of multiple margin agreements and netting sets in light of recent legal and regulatory changes, provide guidance for transactions where a bank operates as a clearing member for SEBI-recognized stock exchanges in equity and commodity derivatives, specify the treatment for deferring option premiums, offer guidance on calculating the effective notional for options, and include disclosure templates for SA-CCR.
The Reserve Bank of India carefully reviewed all feedback received on the draft instructions and made necessary modifications before releasing the final Amendment Directions on June 10, 2026. These instructions will become effective from April 1, 2027.
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