Reminder: Today is the Last Day to Opt for Physical Settlement of Feb 2025 F&O Contracts

Announcements
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:loudspeaker: Attention traders! As per SEBI regulations, physical settlement is mandatory for open Stock F&O positions on expiry day unless squared off.

If you wish to opt for physical settlement, today (Feb 24) is the last day to provide your consent.

How to Provide Consent?

  • Go to the ā€˜Profileā€™ section on your Upstox account (App/Web).
  • Submit your physical settlement consent before EOD today (Monday, Feb 24, 2025).
  • Upstox will verify whether your position qualifies and if you have the required funds/holdings.

Important Trading Restrictions from Tomorrow (Feb 25)

  • No new fresh positions in February 2025 expiry F&O contracts.
  • No position conversions for carry-forward stock futures.

What Happens if You Donā€™t Give Consent?

Your position will be automatically squared off at 12:00 PM on expiry day if:

  • You havenā€™t provided consent for physical settlement.
  • You donā€™t have sufficient funds/holdings to meet settlement requirements.

Margin Requirements for Physical Settlement

Delivery margins for ITM (In-The-Money) stock options apply as follows:

  • Thursday (Feb 20): 10% margin blocked
  • Friday (Feb 21): 25% margin blocked
  • Monday (Feb 24): 45% margin blocked
  • Tuesday (Feb 25): 70% margin blocked

By EOD today (Feb 24), you must have the full contract value/holdings if opting for physical settlement.

Brokerage & Charges for Physical Settlement

  • F&O positions resulting in physical settlement: 0.25% brokerage on settlement value.
  • Netted-off positions: 0.1% brokerage on settlement value.
  • Exchange charges apply to all physically settled contracts.

Note: If positions arenā€™t squared off due to low liquidity, they must be physically settled, and you will be liable for the full settlement amount.

So, if youā€™re holding an open Stock F&O position, make sure to take the necessary action before EOD today (Feb 24, 2025)!