abhishreshthaa
Abhijeet S
Settlements – Defaults
Calculated as (Quantity to Deliver) – (Quantity Delivered)
Acceptable Shortages
Quantity within acceptable limits for the commodity
Difference settled in Supplemental Settlement
Default shortages
Pay out is withheld
Quantity beyond acceptable limits for the commodity
Position closed out at the Close out price
Close Out Price
Highest Traded Price of the Spot contract from the date of expiry + Markup % over the price as penalty
Seller’s account debited and Buyer’s account credited with the Close out price
Settlement – Defaults
For any default by member in the Pay-In, the Pay-out is withheld.
Deposits and collateral assets of member are utilized to meet shortages
In case of insufficient Funds to meet shortfalls , Member declared a ‘Defaulter’ under the Bye-Laws, Rules, Regulations of the Exchange under the Rules of the Settlement Guarantee Fund
Settlements – Settlement Guarantee Fund
The SGF guarantees financial settlement of all executed trades on NCDEX
Guarantee extends
to NCDEX members and covers all transactions that have been executed, registered and accepted for clearing and settlement by NCDEX
Member initial contribution towards SGF – Rs. 25 lakhs
Calculated as (Quantity to Deliver) – (Quantity Delivered)
Acceptable Shortages
Quantity within acceptable limits for the commodity
Difference settled in Supplemental Settlement
Default shortages
Pay out is withheld
Quantity beyond acceptable limits for the commodity
Position closed out at the Close out price
Close Out Price
Highest Traded Price of the Spot contract from the date of expiry + Markup % over the price as penalty
Seller’s account debited and Buyer’s account credited with the Close out price
Settlement – Defaults
For any default by member in the Pay-In, the Pay-out is withheld.
Deposits and collateral assets of member are utilized to meet shortages
In case of insufficient Funds to meet shortfalls , Member declared a ‘Defaulter’ under the Bye-Laws, Rules, Regulations of the Exchange under the Rules of the Settlement Guarantee Fund
Settlements – Settlement Guarantee Fund
The SGF guarantees financial settlement of all executed trades on NCDEX
Guarantee extends
to NCDEX members and covers all transactions that have been executed, registered and accepted for clearing and settlement by NCDEX
Member initial contribution towards SGF – Rs. 25 lakhs