Trading Members are requested to refer to SEBI circular number SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018 regarding Review of Framework for Stocks in Derivatives.
In view of the above, trading members may note that the derivatives contracts of stocks as per Annexure I shall be settled physically for all the newly generated monthly contracts after April 2018 expiry i.e July 2018 expiry contracts and onwards . However existing unexpired contracts of expiry month April 2018, May 2018 and June 2018 will be cash settled.
Exchange shall provide the details about the physical settlement via separate circular.
For any further clarifications, trading members are requested to contact their designated Relationship Manager.
For and on behalf of BSE Ltd,
Ketan Jantre
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Sandeep Pujari
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GM-Trading Operations
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AGM-Trading Operations
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