The settlement obligation value shall be computed as under


a. Futures – Settlement obligations shall be computed at futures final settlement price of the respective contract. (The difference between previous day settlement price/trade price and final settlement price on the expiry date shall be cash settled along with daily MTM on T+1 basis as currently being done)


b. Options – Settlement obligation shall be computed at respective strike prices of the option contracts


Physical settlement of securities shall be done only in dematerialized mode through the depositories.