Ready Delivery Contract: delivery and payment must occur within a non-extendable short period; alternative settlement excludes qualification.

The Ready Delivery Contract under section 2(ea) of the Securities Contracts (Regulation) Act, 1956 requires delivery of goods and payment immediately or within eleven days, with the delivery period not capable of extension; contracts performed by realisation of the monetary difference between contract and settlement/clearing/offsetting rates or by other means that dispense with actual tendering of goods or full payment are excluded from this definition.

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