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MCX launches aluminium, zinc compulsory delivery contracts-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
1/8/2019 壓鑄展- Die-casting expo-foundry expo |
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Business Line reported that MCX has amended aluminium and zinc contract specifications to make delivery compulsory against the current optional delivery mechanism. The physical settlement will be executed through the Comris account. The exchange has received permission from market regulator Sebi to modify the contract specifications in aluminium and zinc contracts from ‘both options’ (cash and delivery) to ‘compulsory delivery’.
SEBI has further permitted the exchange to implement the said modifications for aluminium March and April futures contracts and for the Zinc April contract provided these contracts have no open interest.
Subsequently, the modification has been implemented in these contracts from January 3, said the exchange.
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