All physical delivery stock futures contracts to be closed prior to the market closure of the settlement day. Failing which, exchange will mark for all open stock futures positions into the physical delivery.
For Options in-the-money contracts, the current facility of do-not-exercise provided for Close to Money (CTM) option contracts shall continue to be applicable in respect of stocks which are identified for physical settlement. In respect of option contracts where buyer has opted for do-not-exercise such contracts shall not be exercised.
If the seller of the stock option contract, if the contracts are assigned against the open position for physical delivery by exchange, mandatorily to make good for the delivery.