As stipulated in MB-33, the following conditions must be met for a transaction in an OTC FX Futures contract tobe treatedas a rollover:
i. Validity of the initial contract per the extant OTC FX Futures Market
Operational Standards for FPIs
ii. The size and tenor of the OTC FX Futures contract to be booked and designated as a “rollover” must be the same as the initial
OTC FX Futures contract purchasedfor the FPI
iii. The cumulative tenor of the original and rolled over OTC FX Futures contract(s) must not exceed twelve (12M) months
Due to condition (iii) above, the maximum number oftimesfor which
OTC FX Futures may be rolled over are set out in the illustration table provided in MB-33.