https://www.taxtmi.com/circulars?id=57999 Exchanges must operate staggered delivery with a tender period, permit marking of delivery intentions, allocate delivery by random methodology with preference to signalled buyers, and complete pay-in/pay-out within prescribed working days. Open positions at expiry become compulsory delivery settled at the Final Settlement Price. Early delivery and early pay-in mechanisms allow matching and deposit of certified goods with settlement timelines; delivery defaults incur penalties combining a percentage of settlement price and replacement cost, with specified apportionment and disciplinary measures. FSP is determined by averaging available polled spot prices per a fallback hierarchy, and exchanges may advance expiry if the physical market is closed. en-us Wed, 21 Sep 2016 00:00:00 +0530 Tue, 04 Dec 2018 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57999 Exchanges must operate staggered delivery with a tender period, permit marking of delivery intentions, allocate delivery by random methodology with preference to signalled buyers, and complete pay-in/pay-out within prescribed working days. Open positions at expiry become compulsory delivery settled at the Final Settlement Price. Early delivery and early pay-in mechanisms allow matching and deposit of certified goods with settlement timelines; delivery defaults incur penalties combining a percentage of settlement price and replacement cost, with specified apportionment and disciplinary measures. FSP is determined by averaging available polled spot prices per a fallback hierarchy, and exchanges may advance expiry if the physical market is closed. Circulars SEBI Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57999