The NSE Clearing Limited (NCL), on August 28, 2026, issued an update to the Final Settlement (DDR) procedure for Monthly Electricity Futures, clarifying the applicability of the DDR computation methodology prescribed earlier for cases where the last calendar day of the expiry month falls on a Sunday.
The methodology involves a Provisional Settlement based on the Provisional DDR, followed by a Final Settlement based on the Final DDR. NCL has clarified that this methodology will also apply where (i) the last calendar day of the month falls on a Sunday, (ii) the last calendar day falls on a Monday, or (iii) the second-last calendar day falls on a Trading Holiday.
Members dealing in Monthly Electricity Futures should accordingly take note of the revised applicability of the provisional and final settlement mechanism.
[Circular Ref. No. 311/2026]
