Subject to available liquidity, the policy will now permit higher limits, to corporate participants The Securities and Exchange Board of India (Sebi) has liberalised hedging limits for genuine players in the commodity derivatives market. Subject to available liquidity, the policy will now permit higher limits, to corporate participants, too. However, they have to prove their underlying assets and requirements, based on which, their earlier record and any other factor deemed appropriate, an exchange can decide their limit. The new norms take effect from September 29. Ajay Kedia, director, Kedia Commodities, said: “For big players like corporate clients, especially in the agri commodity segment, this facility will be very useful. We can expect them to now come to the market for their risk management.” Exchanges shall verify the documentary evidence before granting a hedging limit. Many companies were also asking for permitting hedging in near-month contracts, not allowed in the earlier