The National Commodity Clearing Limited (NCCL) on July 22, 2024, notified regarding the instruction marking timings for Options on Futures contracts.
The following has been stated namely: -
• It is in reference to Exchange Circular No. NCDEX/TRADING-025/2024 dated June 20, 2024, on Launch of Options on Guar Seed Futures Contracts and NCCL Circular No. NCCL/CLEARING033/2024 dated June 24, 2024, on Options on Futures-Clearing & Settlement Procedures.
• It states that for options on futures contracts, the ITM long position holders shall provide the contrary instructions of not devolving into futures contract through NCFE post close of the trading session of options contract on expiry day.
• It states that the contrary instructions of not devolving into futures contract by ITM long position holders on the option expiry shall be given post-close of trading in the options contracts between 6:45 PM to 7:30 PM.
[Circular no. - NCCL/CLEARING-040/2024]
