With reference to SEBI Circular No.SEBI/HO/MRD/DP/CIR/P/P/2018/67 dated April 11, 2018, with a view to improve market integrity and provide better alignment of cash and derivative segments, introduced the physical settlement of stock derivatives traded in exchanges.


Physical delivery of security means, at the time of expiry, instead of cash settlement in Futures and Options contracts, actual physical delivery to be made for pay-in obligations by the clients or take the delivery for the pay-out obligations by the clients for select stock futures and option contracts traded in NSE.