How does settlement take place in Commodity?
- Daily MTM will be cash-settled by exchange on T+1 basis i.e., next working day after the trading day.
- However in case of delivery, the settlement date may be five to seven days after the expiry as per contract specifications and Exchange rules.
- 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.
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