The National Stock Exchange of India vide its circular dated 26th May 2020 has requested the members to take note of clearing & settlement, risk management including the delivery process for options on Gold.
SEBI in its earlier notification dated 16th January 2020 has launched ‘Option in Goods’ in their commodity derivatives segment. Exchanges willing to start trading in options contracts with goods as underlying shall take prior approval of SEBI for launching such contracts.
Further NSE has introduced options on Gold on 21st May 2020. therefore by the contract specifications for options on Gold specified by NSE, members are requested to take note of clearing & settlement, risk management including the delivery process for options on Gold.
This circular shall be effective from June 08, 2020.
Click here to read the Notification.
