Comment on Policy on settlement of compulsory delivery derivative contracts — Update Oct 2019
commented on
29 Feb 2020, 04:00 PM
On Monday and Tuesday of the expiry week for ITM long positions, you have to maintain a percentage of VaR+ELM(as per the table above). On Wednesday and Thursday, you need to maintain 50% of the contract value if you intend to hold the position to expiry. Failing which your position will be squared off by our RMS systems due to margin shortfall.