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Settlement of daily mark to market is carried out on T+1 day basis. Final Settlement is carried out on T+2day basis. Members with a funds pay-in obligation are required to have clear funds in their primary clearing account on or before 8.30 a.m. on the settlement day.

Government bills, bonds, and options settle the next business day. Spot foreign exchange transactions usually settle two business days after the execution date. A primary exception is the U.S. dollar vs. the Canadian dollar, which settles the next business day.

The closing price is normally the last trading price of the trading hours. On the contrary, the settlement price is the official price at which traders book their deals in the stock market.

Settlement currency is the currency a vendor selects to be paid out in and the currency in which funds are sent to the vendor's bank account. You can have one settlement currency or multiple, depending on the functionality of your payment processor and the availability of accounts.

For Options Contracts You hold a short call options position of 1 lot of 250 shares of XYZ company till the expiry at ? 1800 each (This price is as on the date you entered into the contract and is known as the strike price). Then the settlement price will be ? 4,50,000 (1800*250).

Trades of foreign currency options settle either cash (same day) or regular way (next business day). Do not confuse this with the settlement of trades of foreign currencies. Trades of foreign currencies settle either "spot" (1 or 2 business day settlement) or forward (a mutually agreed date in the future).

The mark to market losses or profits are directly debited or credited to the CMs clearing bank account. On the expiry of the futures contracts, NSE Clearing marks all positions of a CM to the final settlement price and the resulting profit / loss is settled in cash.