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Cash settlement aur delivery settlement ka farq, aur expiry se pehle ka faisla
Published by The Retail Trader · JUL 22, 2026 · Derivatives (F&O)
Index derivatives cash mein settle hote hain, par stock derivatives nahi. Expiry tak khuli rahi position par asli shares lene ya dene padte hain, aur uska paisa aapke account se poora maanga jaata hai.
Cash settlement mein sirf profit ya loss ka farq transfer hota hai. Koi share haath nahi badalta, isliye contract value ka poora paisa kabhi nahi chahiye.
Physical settlement mein contract value ka poora paisa ya poore shares chahiye. Ek lot bhi lakhon ka ho sakta hai, aur wo demand expiry ke aas paas achanak aati hai.
Brokers isi wajah se expiry ke paas rules sakht kar dete hain:
• Margin expiry se kuch din pehle se hi badhne lagti hai, roz thoda thoda.
• In the money option ka exercise ho jaana bhi delivery obligation banata hai.
• Funds na hone par broker khud position square off kar sakta hai.
• Physical delivery na de paane par auction aur penalty dono lagti hai.
Stock options ko index options ki tarah expiry tak chalne dena sabse mehngi galti hai. Agar delivery lena ya dena aapka plan nahi hai to position expiry se pehle band karna hi uska poora plan hona chahiye.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.