Update on Final Settlement Procedure for Monthly Electricity Futures · NCL/COM/76047
NSE circular NCL/COM/76047 · 28 Aug 2026
Official title
Update on Final Settlement (DDR) Procedure for Monthly Electricity Futures
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited updates the Daily Delivery Reference (DDR) settlement procedure for Monthly Electricity Futures. The clearing house applies a two-step settlement process for specific calendar scenarios. This process includes a provisional settlement based on a provisional DDR. It follows with a final settlement based on a final DDR. This procedure applies when the last calendar day of the month falls on a Sunday or a Monday. It also applies when the second last calendar day of the month is a trading holiday.
What you must do
- Members must follow the two-step settlement process involving provisional and final DDR for the specified calendar scenarios.
Key dates
- Date of circular issuance
- 28 Aug 2026
Who is affected
Document text
[Image omitted. See the official document.]
NSE Clearing Limited
| Department: Commodity Derivatives Segment | |
|---|---|
| Download Ref No: NCL/COM/76047 | Date: August 28, 2026 |
| Circular Ref. No: 311/2026 | |
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: -
- Last Calendar Day of the month is falling on Sunday
- Last Calendar Day of the month is falling on Monday
- 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
| Telephone No | Email id |
|---|---|
| 1800 2660 050 (Option 2) | support@nsccl.co.in |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 28 Aug 2026
- Document number
- NCL/COM/76047
- Issuing division
- Commodity Derivatives Segment
- Coverage area
- securities