Comment on Policy on settlement of compulsory delivery derivative contracts — Update Oct 2019
commented on
02 Nov 2019, 09:45 AM
Dear Faisal,
I had a 1 lot short future position in PIDILITIND till 31st Oct. The position is now expired. Please let me know about what happens next.
1. I has sufficient margin on the last day, I see my opening balance suddenly reduced? why is that? is this how it is going to stay and till when?
2. what is meant by physical delivery in case of short future positions? When and where do I see the holdings? How do I liquidate the delivery?
3. what are the next steps that I should take. Should I add funds?
4. I have read that the last Thursday of every month is the expiry day for that month futures series? Is that correct?