The NSE Clearing Limited (NCL), on November 17, 2025, issued a confidential circular regarding changes to the contract specifications for several commodity derivatives. The contracts affected by this update are Lead Futures, Lead Mini Futures, Nickel Futures, Zinc Futures, and Zinc Mini Futures Contracts. This notification is addressed to all members and requires their attention to the revised details of these specific contracts.
The circular, with reference number 0364 and download reference NCL/COM/71298, directs members to take note of the changes. This update follows and refers to previous circulars, specifically NCL/COM/70691 dated October 08, 2025, and NSE/COM/71308 dated November 14, 2025. These preceding circulars likely introduced or foreshadowed the contractual adjustments now being formally implemented.
In essence, NCL's communication summarizes the finalization and implementation of modifications to the specifications governing trading in the aforementioned metal futures contracts within the Commodity Derivatives Segment. Members are expected to integrate these new specifications into their operational procedures for the designated Lead, Nickel, and Zinc futures products.
[Notification No. NCL/COM/71298]
