Description
NSE Clearing Limited notifies the compulsory delivery settlement calendar for the Commodity Derivatives Segment for April 2026, covering gold, silver, and base metals contracts.
Summary
NSE Clearing Limited (NCL) has issued the compulsory delivery settlement calendar for the Commodity Derivatives Segment for April 2026 (Circular Ref. No: 0106/2026). The calendar covers future contracts in precious metals (gold, silver) and base metals, specifying delivery intention windows, settlement numbers, pay-in/pay-out dates, and penalty provisions.
Key Points
- Settlement type is IMS (Immediate Settlement) with T+1 settlement cycle for all listed contracts.
- Delivery logic follows Compulsory Delivery at the Primary Delivery Centre.
- Delivery intention window: 10:00 AM to 9:00 PM on the respective expiry dates.
- Contracts covered: GOLDM, GOLD1G, GOLD, SILVERM, SILVERMIC, GOLDGUINEA, ALUMINIUM, ALUMINI, COPPER, LEAD, LEADMINI, NICKEL, ZINC, ZINCMINI.
- Penalty provisions apply for non-delivery (Dr/Cr basis).
- Charges applicable for weight differential, premium/discount, settlement dues, and making charges.
Regulatory Changes
No new regulatory changes. This is a standard periodic notification of the settlement calendar as required under NSE Clearing Limited’s operational framework for commodity derivatives.
Compliance Requirements
- Members holding open positions in commodity futures contracts expiring in April 2026 must adhere to the specified delivery intention dates and times.
- Delivery pay-in of commodities and funds must be completed on the dates specified per settlement number.
- Members must ensure timely delivery to avoid non-delivery penalties.
Important Dates
Gold (GOLDM, GOLD1G, GOLD)
| Expiry / Settlement | Delivery Intention | Settlement No | Commodity Pay-in | Funds Pay-in | Funds Pay-out | Commodity Pay-out | Charges Date |
|---|---|---|---|---|---|---|---|
| 31-Mar-26 | 31-Mar-26 | 260331 | 02-Apr-26 | 02-Apr-26 | 02-Apr-26 | 08-Apr-26 | 08-Apr-26 |
| 01-Apr-26 | 01-Apr-26 | 260401 | 02-Apr-26 | 02-Apr-26 | 02-Apr-26 | 08-Apr-26 | 08-Apr-26 |
| 02-Apr-26 | 02-Apr-26 | 260402 | 06-Apr-26 | 06-Apr-26 | 06-Apr-26 | 09-Apr-26 | 09-Apr-26 |
Silver & Gold Guinea (SILVERM, SILVERMIC, GOLDGUINEA)
| Expiry / Settlement | Delivery Intention | Settlement No | Commodity Pay-in | Funds Pay-in | Funds Pay-out | Commodity Pay-out | Charges Date |
|---|---|---|---|---|---|---|---|
| 26-Mar-26 | 26-Mar-26 | 260326 | 26-Mar-26 | 27-Mar-26 | 27-Mar-26 | 06-Apr-26 | 06-Apr-26 |
| 27-Mar-26 | 27-Mar-26 | 260327 | 27-Mar-26 | 30-Mar-26 | 30-Mar-26 | 07-Apr-26 | 07-Apr-26 |
| 30-Mar-26 | 30-Mar-26 | 260330 | 02-Apr-26 | 02-Apr-26 | 02-Apr-26 | 08-Apr-26 | 08-Apr-26 |
Base Metals (ALUMINIUM, ALUMINI, COPPER, LEAD, LEADMINI, NICKEL, ZINC, ZINCMINI)
| Expiry / Settlement | Delivery Intention | Settlement No | Commodity Pay-in | Funds Pay-in | Funds Pay-out | Commodity Pay-out | Charges Date |
|---|---|---|---|---|---|---|---|
| 26-Mar-26 | 26-Mar-26 | 260326 | 27-Mar-26 | 27-Mar-26 | 27-Mar-26 | 06-Apr-26 | 06-Apr-26 |
| 27-Mar-26 | 27-Mar-26 | 260327 | 30-Mar-26 | 30-Mar-26 | 30-Mar-26 | 07-Apr-26 | 07-Apr-26 |
| 30-Mar-26 | 30-Mar-26 | 260330 | 02-Apr-26 | 02-Apr-26 | 02-Apr-26 | 08-Apr-26 | 08-Apr-26 |
Impact Assessment
This circular is operationally significant for members and participants with open positions in commodity futures contracts expiring in late March and early April 2026. Participants must plan their delivery obligations accordingly. The T+1 settlement cycle and compulsory delivery mechanism means any failure to deliver commodities or funds on specified dates will attract penalties. No adverse market-wide impact is expected as this is a routine calendar notification.
Impact Justification
Routine operational circular publishing settlement calendar for commodity futures; relevant to participants holding positions in gold, silver, and base metal contracts expiring in April 2026.