The National Commodity Clearing Limited (NCCL) on December 30, 2025, issued a Settlement Calendar and timelines for submission of delivery intentions for all the futures contracts expiring in January 2026.
The following has been stated: -
•Members are informed that the settlement calendars and delivery timelines for all Futures Contracts expiring in January 2026, as per applicable Byelaws and Regulations.
•All listed commodities follow compulsory physical settlement with staggered delivery, with tender/delivery intention marking from January 16, 2026, to January 20, 2026.
•Physical settlement, premium/discount settlement, and close-out settlements occur between January 20, 2026, and January 28, 2026, while GST settlements conclude by January 23–28, 2026, depending on the cycle.
•The exchange of physical delivery documents (invoices and confirmations) is scheduled from January 21, 2026, to February 03, 2026, based on the respective settlement cycle.
[Circular No.:NCCL/CLEARING-082/2025]
