Could anyone please throw some light on how the IDFC LTD future contracts would be handled? As per NSE website, they should be settled on closing price of the last cum-date:
Un-expired contracts outstanding as on the last cum-date would be compulsorily settled at the settlement price. The settlement price shall be the closing price of the underlying on the last cum-date.
However, some people are suggesting that they may continue the contracts till the expiry. Some people suggested that contracts would be expired on record date. Too much confusion.
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