The settlement obligations shall be computed as under


a. Unexpired Futures

    =>  Long futures shall result into a buy (security receivable) positions

    => Short futures shall result into a sell (security deliverable) positions


b. In-the-money call options

    => Long call exercised shall result into a buy (security receivable) positions

    => Short call assigned shall result into a sell (security deliverable) positions


c. In-the-money put options

    => Long put exercised shall result into a sell (security deliverable) positions

    => Short put assigned shall result into a buy (security receivable) positions


The quantity to be delivered/ received shall be equivalent to the market lot * number of contracts which result into physical settlement