The NSE Clearing Limited on October 13, 2023, issued a circular regarding the introduction of Futures Contracts on Base Metals in the Commodity Derivatives Segment.
The following has been stated: -
•This is with reference to NSE circular NSE/COM/58883, NSE/COM/58884, NSE/COM/58885, NSE/COM/58886, NSE/COM/58887, NSE/COM/58888, NSE/COM/58914, dated October 11, 2023 & October 12, 2023, for the introduction of Futures contract on base metal (Nickel, Zinc, Zinc Mini, Aluminium, Aluminium Mini Lead, and Lead Mini) in Commodities Derivatives Segment.
•Members are 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.
1. Contracts shall be settled by physical delivery.
2. Quality specifications for delivery shall be as stipulated by Exchange in the circular NSE/COM/58883 (NICKEL), NSE/COM/58884 (ZINC), NSE/COM/58885 (ZINCMINI), NSE/COM/58886 (ALUMINIUM), NSE/COM/58887 (ALUMINI), NSE/COM/58888 (LEAD) and NSE/COM/58914 (LEADMINI) dated October 11, 2023 and October 12, 2023 and circulars issued from time to time.
This circular shall be effective from October 16, 2023.
The detailed notification is attached in the document given below.
[Circular Ref. No: 0362]
