Announcements

All active contracts of Tata Chemicals (TATACHEM) with the expiry dates MAR 20; APR 20 and MAY 20, will now expire on Tuesday, 03 MAR 2020. This is on account of corporate actions of scheme arrangement between TataChem and TataGlobal Beverages.

Please note that the clients will not be allowed to create fresh carry-forward  positions from Monday 02-03-2020. Fresh positions in all product types of TATACHEM will not be allowed on Tuesday 03-03-2020.

As per our Risk policy, we do not allow Physical settlement and thus all existing open positions of all the clients will be squared off by our RMS team on Tuesday 03-03-2020, 2.30 PM

Below is the Circular for reference from NSE Clearing for Settlement mechanism.

NCL/CMPT/43675

Exchange will introduce fresh contracts of all expiry dates from Wednesday 04-03-2020.

The expiry date of CDS contracts have been revised. Please check the table below, for the revised dates:

SEBI had  decided to compulsorily settle stock derivatives physically in a phased manner, starting with 46 stocks in July 2018. This has now become applicable to all the stock derivative contracts, starting October 2019.  Under this, if you hold a position in any of these contracts on the expiry date, you will have to give/take delivery of the stocks.

Accordingly, effective Friday – 22 Nov, 2019, changes applicable on trading with Upstox in Stock Derivatives for the current month (November) contract expiry and all expiries going forward is as follows:

• Clients shall not be permitted to initiate fresh position in stock options from 5 days prior to expiry of any month. Correspondingly, conversions of carry-forward stock option positions shall not be permitted.
• Delivery margins would be applicable—as per exchange norms—on all the existing long ITM (In The Money) stock option position in a staggered manner as explained below:

20% of delivery margins computed on expiry -4 days EOD (Friday)
40% of delivery margins computed on expiry -3 days EOD (Monday)
60% of delivery margins computed on expiry -2 days EOD (Tuesday)
80% of delivery margins computed on expiry -1 day EOD (Wednesday)

To avoid margin shortages, Upstox would be blocking such (above mentioned) delivery margins from Beginning of the Day (BOD) instead of End of the Day (EOD).

• Clients shall not be permitted to initiate fresh position in stock futures from 1 day prior to the expiry of any month. Correspondingly, position conversion(s) on carry forward of any stock futures positions shall also not be permitted.

The RMS team shall begin squaring-off all the existing open position of the expiring Futures and Options contracts from 2.30 pm onwards, a day prior to the expiry day at the prevailing market price on best-effort basis. If the positions are not squared off for any reason (e.g: non-liquidity), then the contract would have to be settled physically and the client would be liable to pay the entire amount of the settlement.

For your reference, you could also go through the SEBI and NSE circulars on physical settlement as below:

SEBI circular: SEBI/HO/MRD/DOPI/CIR/P/2018/161

NSE circular: FAOP39824

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.