Announcements

On account of assembly elections in Maharashtra, the markets will be closed on 21st October, 2019. However, the second (evening) section of commodity trading will be open from 5:00PM – 11:30PM. For more details, see the NSE Circular, BSE circulars for Equity and Currency, and MCX circular. 

We are taking the time to better our API services. So, our API services will now be available to a closed group of users only. We will be sure to inform you when the service is available to new users like you.

There has been a  recent change in the rules related to physical settlement of equity derivatives segment.In addition to the margins applicable for the F&O segment, delivery margins shall be levied on potential in-the-money long option positions four (4) trading days prior to expiry of the derivative contract that has to be settled through delivery.

Delivery margins are applicable on in-the-money long option positions as per the following schedule:
20% of Delivery margins computed on Expiry- 4 EOD (Friday)
40% of Delivery margins computed on Expiry - 3 EOD (Monday)
60% of Delivery margins computed on Expiry - 2 EOD (Tuesday)
80% of Delivery margins computed on Expiry - 1 EOD (Wednesday)

To avoid shortages, delivery margins would be applicable from Friday morning itself, as compared to the exchange's timing of Friday EOD. The clients are advised to add funds on Friday itself before 2.30 PM to avoid any penalties imposed by the RMS team. Since margins are an upfront requirement, positions would be reduced to the extent of shortage values in case of an overall margin shortage

No fresh positions would be allowed starting Friday (Expiry-4 days) on all the option contracts with the current expiry, the underlyings of which would be settled physically. This rule applies to all further expiries as well.

As per Upstox policy and the previous circulars sent under the subject line:"Revision of settlement mechanism in Equity Derivatives segment,"  we do not permit physical settlement of equity derivatives positions.

Thus, all the open positions will be squared off by the Upstox RMS team one day prior to expiry at 2:30 p.m. and no fresh positions will be allowed after the square-off time.

There have been some modifications in the contract specifications for copper futures contract. These are as follows:

1. Change from ‘both options’ to ‘compulsory delivery.’
2. There will now be a uniform trading and delivery lot size of 2500 kg (2.5 MT). 

For details, please refer to the MCX circular, dated 12th June, 2019.