For Equity Derivatives :
In case of Stock Future contracts on Expiry day, only intraday trading will be allowed. No fresh carry-forward position will be allowed & no fresh position will allowed in Stock Option contract on day of Expiry in any product type. For carry forward position, if the customer wishes to take or give physical settlement of Stock Future /Stock Option contracts, they would be required to maintain margin, which is to the tune of 100% of the contract value before 10.00 am on expiry day (Thursday ). (Refer Link for Physical settlement of F&O). If for any reason, in case there is a margin short-fall ( i.e. less than 100% of the contract value) , Dhan reserves the right to square-off the position. In case the position does not get squared-off for reasons such as liquidity constraints, option contract getting converted to ‘In The Money’ during market hours etc, the costs (penalties/losses) of physical delivery will be applicable to the customer.
For Commodities :
Commodities with compulsory delivery will be closed a day before their respective tender period / delivery intention. Physical Delivery of Positions is not allowed. All the deliverable contracts of MCX enter ‘Tender Period positions’ as mentioned by exchange from time to time. Customer’s positions will be squared-off one day prior to the start of the ‘Tender Period’ of the contract. No positions will be allowed to carry over in Tender Periods. Please note, the creation of new positions in contracts will be blocked 1 day prior to the initiation of the 'Tender Period' or 'Devolvement Period'
For Commodity Delivery Options Blocking Before Devolvement Period :
Based on the criteria specified in the SEBI circular exchange shall identify option commodities which shall be settled through devolvement of future contract. Commodity delivery option contracts pertaining to devolvement will be blocked for further trading in Normal product type on Expiry Day. (Only square off allowed for current month expiry options).On Expiry day all carry forward position of Current month Option will be closed if margin is not available as per required margin of devolvement.
On Expiry day all carry forward position of Current month Option will be closed if margin is not available as per required margin of devolvement.