How does settlement take place in Commodity?

How does settlement take place in Commodity?

  1. Daily MTM will be cash-settled by exchange on T+1 basis i.e., next working day after the trading day.
  2. However in case of delivery, the settlement date may be five to seven days after the expiry as per contract specifications and Exchange rules.
  3. It is mandatory to open an account in COMTRACK ® with any of the listed COMTRACK® Participant for receiving and tendering commodities trading through NCDEX system since the pay-out would be received in the designated COMTRACK® account only.