What is risk management of derivatives in India?

Stock exchanges follow robust risk management measures for derivative trading. These include, initial base minimum capital requirements, real time and system based monitoring of positions and automatic deactivation of trading terminals in case of exceeding the limits as imposed by exchanges, margins and daily mark to market margin system and initial Value at risk (VAR) based margin system. Apart from that there are various position limits, broker wise limits and scrip wise limits are also there to avoid building up of huge positions.