The National Stock Exchange (NSE) on October 13, 2023, issued a circular regarding the Clearing, Settlement and Risk Management Mechanism for Options on Futures Contracts (OPTFUT) in Commodity Derivative Segment.
This is with reference to below NSE Circular reference no. NSE/COM/58906, NSE/COM/58911, NSE/COM/58912, NSE/COM/58913 and NSE/COM/58915 dated October 12, 2023, regarding the introduction of below Contracts: -
• Options on Gold (1 Kg) Futures
• Options on Gold Mini (100 Grams) Futures
• Option on Silver Mini (5 Kilograms) Futures
• Options on Zinc (5 MT) Futures
• Options on Copper (2500 Kgs) Futures
The members are hereby notified that all the existing clearing and settlement procedures along with the extant risk management measures for present Options on Futures contracts shall apply mutatis mutandis to the above-mentioned contracts.
This circular shall be effective from October 16, 2023.
[Circular No. 363/2023]
