The National Stock Exchange (NSE) on October 11, 2023, issued a notification regarding the Introduction of Future Contracts on Silver Mini and Silver Micro in the Commodity Derivatives Segment
This has a reference to NSE circular NSE/COM/58854 and NSE/COM/58855 dated October 10, 2023, for the introduction of a Futures contract on Silver Mini and Silver Micro in the Commodities Derivatives Segment
This circular shall be effective from October 12, 2023.
The following has been stated namely: -
• It is requested to note the following in addition to risk management, clearing, and settlement procedure including the delivery process mentioned in our consolidated circular download reference NCL/COM/57351 dated June 30, 2023.
• It states that the Contracts shall be settled by physical delivery.
• It states that the Quality specifications for delivery shall be as stipulated by Exchange in the circular NSE/COM/58854 (for Silver Mini) and NSE/COM/58855 (for Silver Micro) dated October 10, 2023, and circulars issued from time to time.
• It further states that the primary delivery center shall be Ahmedabad and there shall be no additional delivery centers.
[Notification No.NCL/COM/58874]
