Settlement Price - Commodity Derivative

Daily Settlement Price

Daily settlement price for Commodities futures contracts shall be the closing price of such contracts on the trading day. The closing price for Commodities futures contract shall be calculated on the basis of the last half an hour weighted average price of such contract or such other price as may be decided by the relevant authority from time to time.

Theoretical daily settlement price for unexpired Commodities futures contracts which are not traded during the last half an hour on a day Theoretical daily settlement price for unexpired futures contracts, which are not traded during the last half an hour on a day, shall be the price computed as per the formula detailed below:-

F = S * e rt

Final Settlement Price for futures contracts

The Final Settlement Price (FSP) shall be polled price for precious metals.