Daily Settlement Price for mark to market settlement of futures contracts
The Daily settlement price for futures contracts shall be the closing price of such contracts on the trading day. The closing price for a futures contract shall be calculated on the basis of the last half an hour Volume weighted average price of such contract or such other price as may be decided by the relevant authority from time to time.
In the absence of last half an hour trading, Volume Weighted Average Futures Price of trades in the entire day, subject to a minimum of 5 trades in the day will be taken for the computation.
In the absence of the minimum 5 trades in the day, the Daily Settlement price will be as determined by the exchange form time to time.
Final Settlement Price of futures contracts
Final Settlement price will be based on the reference price of RBI or prices of the respective contracts traded on DGCX, BSE, INX as the case may be.