
Physical deliveries of contracts on ' RSBL SPOT' are either 'T+2' or 'T+3' basis. If we take an example of 'T+2' delivery contract, then the delivery has to be compulsorily taken or given within two working days after the trade has been done. The following explains the delivery mechanism:
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Client requests for the quotes and places a 'buy' or a 'sell' order at those prices, subject to enough margins.
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The System accepts the order and confirms it. Similarly, a client can place a pending order.
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Once the trade is executed the same can be seen in the Trade section of Terminal of RSBL SPOT.
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The Ticket number is very important as it is used as a reference number at the time of Delivery.
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Any open positions at the end of the Day 'T' will result in compulsory delivery.
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