| Product |
Settlement |
Description |
| Futures Contracts on Index or Individual Securities |
Daily Settlement |
Daily settlement price for futures contracts shall be based on
the last 30 minutes volume weighted average price of such contract across Exchanges or such other price as may be decided by the relevant authority from time to time
|
| Un-expired illiquid futures contracts |
Daily Settlement |
Theoretical Price computed as per formula F=S * ert
|
| Futures & Options Contracts on Index |
Final Settlement |
Final settlement price for a Index derivative contract shall be based on the
close price of the relevant underlying index in the Exchange on the last trading day of such contract or such other price as may be decided by the relevant authority from time to time.
|
| Futures & options Contracts on Individual Securities |
Final Settlement |
Final settlement price for a stock futures & option contract shall be based on
the last 30 minutes volume weighted average price of the relevant underlying security across Exchanges on the last trading day of such contract or such other price as may be decided by the relevant authority from time to time.
|