Update on Final Settlement Procedure for Monthly Electricity Futures

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NSE Clearing Limited

All Members,

Sub: Update on Final Settlement (DDR) Procedure for Monthly Electricity Futures

This is further to circular NCL/COM/69390 wherein the DDR computation methodology was detailed out in case of Last Calendar Day of the Expiry Month Falling on a Sunday.

It may be noted that the above-mentioned DDR methodology (involving a Provisional settlement considering Provisional DDR followed by Final settlement considering Final DDR) will be done for below cases as well: -

1. Last Calendar Day of the month is falling on Sunday
2. Last Calendar Day of the month is falling on Monday
3. Second Last Calendar Day of the month is falling on a Trading Holiday.

For and on behalf of
NSE Clearing Limited

Nisha Pillai
Vice President