The pay-in and pay-out of daily mark to market settlement, final settlement of futures contracts, premium settlement, final exercise settlements of options contracts and final physical settlement shall be effected in accordance with the settlement schedule issued by NCCL or as modified from time to time. The paying members are required to have clear balance of funds in their clearing account towards their pay-in obligation by the declared pay-in time on the settlement day. The pay-out of funds shall be credited to the receiving members clearing account thereafter.

All daily mark to market settlement, final mark to market settlement of futures contracts, premium settlement and the final exercise settlements of options contracts, the settlements are effected on a T+1 day as per the timelines specified by NCCL. Members with a funds pay-in obligation are required to have clear funds in their primary clearing account on or before 9.30 a.m. on the settlement day. The payout of funds is credited to the primary clearing account of the members thereafter.

All physical settlement i.e. delivery during staggered period or at expiry of contract, supplementary settlement for premium discount adjustment relating to quality and quantity, GST are effected as per the settlement calendar issued by NCCL on periodic basis and as per the timelines specified in the product note of the respective commodity