Financial Daily from THE HINDU group of publications
Sunday, Oct 03, 2004
Financial Daily from THE HINDU group of publications Sunday, Oct 03, 2004 |
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Investment World
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Derivatives Markets Markets - Derivatives Markets Settlement price
FUTURES contracts on Index or Individual Security: Closing price of the futures contracts on the trading day. (The closing price is the last half hour weighted average price of the contract). Settlemnet would be on a daily basis. Futures Contracts on Index or Individual Securities: Closing price of the relevant underlying index / security in the Capital Market segment of NSE, on the last trading day of the futures contracts. (The closing price of the underlying index / security is its last half an hour weighted average value / price in the Capital Market segment of NSE). It would be a final settlement. Un-expired illiquid futures contracts; Settlement would be on a theoretical Price basis. Options Contracts on Individual Securities: Closing price of such underlying security on the day of exercise of the options contract. (The closing price of the underlying security is its last half an hour weighted average price in the Capital Market Segment of NSE).This would be an Interim Exercise Settlement. Options Contracts on Index and Individual Securities: Closing price of such underlying security (or index) on the last trading day of the options contract. (The closing price of the underlying security (or index) is its last half an hour weighted average price in the Capital Market Segment of NSE). This would be a Final Exercise Settlement Edited extracts sourced from the National Stock Exchange Web site (www.nse.co.in) .
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