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Navia Risk Management Policy on the Physical Settlement in FNO Segment w.e.f November 28, 2019

Posted on 27-Nov-2019 Comments  0

Dear Client,

Greetings from Trade plus!!!. 

This is further to our earlier communications ( Click here ) regarding Physical settlement in FNO segment, we hereby wish to keep you informed that as per SEBI mandate, all stocks which are in Equity Derivatives have moved from cash to physical settlement from October 2019 expiry. Accordingly please find below the important highlights on uploading the FNO positions on November 2019 expiry day.

Ø  On expiry day, Current month FNO positions ( Stock Futures & Options) will be uploaded as MIS product

Ø   NRML product will be blocked from trading on Current month Stock Futures & Options.

Ø  Square off the existing positions or Fresh positions are allowed only under the product MIS on the expiry day.

Ø   MIS Positions will be squared-off from our end @ 3PM on contract expiry day irrespective of client margin or holding available as per our risk containment measures.

Ø  Any Futures and Options position created in stocks derivatives will be required to rollover or squared off on before 3 PM on Contract expiry day in order to avoid square-off of your positions by us. ( Call & Trade charges applicable)

Ø  Additional Margin imposed for the physical delivery of In the Money Option contracts during the expiry period ( 4 days) , will be debited to the client ledger but shall not be applied to the trading terminal during the trading day. Hence there can be a difference in the shortfall of margin amount reported from the ledger and from the trading terminal.

In case we are unable to square off, then such contracts will be physically settled and you will be required to honour the securities and funds settlement obligations resulting out of same. In case if it is not honored then any penalty/charges levied by the exchange will be have to be borne at your end.

You are requested to take note of the above changes and Square off or roll over the current month expiry Fuutres & Option contracts accordingly.

 Please write to us at or reach us on our customer support desk 044-49427576, 044- 28214171 for any clarification.

With Best wishes

Tradeplus Team



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