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<h1>Understanding Spot Delivery Contracts Under Securities Contracts (Regulation) Act, 1956: Key Features and Timing Rules</h1> A spot delivery contract, as defined by the Securities Contracts (Regulation) Act of 1956, involves the actual delivery of securities and payment either on the same day or the next day after the contract date. If the parties are not in the same location, the time taken for postal delivery or remittance is excluded. It also includes the transfer of securities between beneficial owners' accounts when managed by a depository.