Physical settlement of stock derivatives

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Review of Framework for Stocks in Derivatives Segment . 2. In furtherance to the aforesaid circular, it has been decided that physical settlement shall be made mandatory for all stock derivatives. 3. Accordingly, stock derivatives which are presently being cash settled shall move to physical settlement in the following manner: (i) Stocks which are being cash settled shall be ranked in de .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in force. 6. Stock Exchanges are directed to: (i) take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; (ii) bring the provisions of this circular to the notice of the stock brokers/clearing members and also disseminate the same on their website; (iii) communicate to SEBI the stat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X