Sub: Policy Update – Compulsory Delivery of F & O Contracts
Dear Valued client,
Ref: SEBI Circular No. SEBI/HO/MRD/DP/CIR/P/P/2018/67 dated 11.04.2018
Link : http://goo.gl/az3YJz
Please be informed that starting from July 26, 2018, open positions in 46 F & O contracts mentioned by NSE vide download reference. NSE/FAOP/37594 dated April 23, 2018 will be settled compulsory in the form of physical delivery. If you hold such open positions in any of these contracts at expiry day, you will be liable to keep enough funds (in case of long futures/calls or short put option positions) or stocks (in case of short futures /c alls or long put option positions) available in your account to the extent of the settlement value.
In view of the above, Goodwill has decided to do the following changes with respect of physical delivery in 46 F & O contracts mentioned by exchange.
1) Client will not be allowed to take fresh position in the current month contract prior to 3 days from expiry date. (Example:- from 23-07-2018 for the contract expiring on 26-07-2018)
2) If the client want to take physical settlement of their open positions, they have to inform us from their Registered email id to the email id “email@example.com” prior to a day from expiry date (Example:- 25-07-2018 for the contract expiring on 26-07-2018) along with Client’s de-mat account details.
3) Entire value of contact amount should be paid on or before 11.30 a.m prior to a day from expiry date (Example:- 25-07-2018 for the contract expiring on 26-07-2018) failing which Goodwill reserved the right starts to do square-off the open positions .
4) Goodwill will not be liable for any losses arising out of such square-off / failure to square-off.
With warm regards…
Team – Goodwill