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of <h1>SEBI Standardizes Staggered Delivery Period for Commodity Futures; Minimum Five-Day Period Required for All Contracts.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to standardize the staggered delivery period for commodity futures contracts across exchanges. The staggered delivery period, beginning a few days before contract expiry, allows sellers and buyers to declare delivery intentions. All compulsory delivery contracts must have a minimum staggered delivery period of five working days, with exchanges having the flexibility to extend this period. SEBI or exchanges may modify the period if necessary. Exchanges must update contract specifications and implement changes within three months. They are also required to inform brokers and update their websites accordingly.
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