Description

NSE withdraws circular NSE/COM/73673 dated April 09, 2026, which had modified contract parameters for Silver Mini Futures and Options on Futures. Existing contracts will continue under original parameters.

Summary

NSE has withdrawn circular NSE/COM/73673 issued on April 09, 2026, which pertained to modifications in the contract parameters of Silver Mini Futures and Options on Futures. Following this withdrawal, all existing Silver Mini Futures and Options on Futures contracts will continue under their pre-existing parameters without any changes.

Key Points

  • Circular NSE/COM/73673 dated April 09, 2026 stands withdrawn with immediate effect
  • The withdrawal covers modifications to contract parameters of Silver Mini Futures and Options on Futures
  • Existing Silver Mini Futures and Options on Futures contracts will continue as per existing (original) parameters
  • No new contract parameter changes are in effect

Regulatory Changes

The proposed modifications to Silver Mini Futures and Options on Futures contract parameters introduced via NSE/COM/73673 on April 09, 2026 are nullified. The regulatory position reverts to the parameters that were in place prior to that circular.

Compliance Requirements

  • Members should disregard the contract parameter modifications communicated in NSE/COM/73673 dated April 09, 2026
  • All trading and operational processes related to Silver Mini Futures and Options on Futures should revert to or continue under the original contract parameters
  • No additional action is required; existing contracts remain valid under prior terms

Important Dates

  • April 09, 2026: Original circular NSE/COM/73673 issued (now withdrawn)
  • April 29, 2026: Withdrawal circular NSE/COM/73952 issued; reversion to original parameters effective

Impact Assessment

This withdrawal has a moderate market impact for participants in the Silver Mini Futures and Options on Futures segment. Traders and members who had adjusted their strategies or systems in anticipation of the parameter changes announced on April 09, 2026 will need to revert those adjustments. The reinstatement of original contract parameters provides stability and continuity for existing positions. No disruption to ongoing contracts is expected as they remain governed by the unchanged original parameters.

Impact Justification

Withdrawal of a parameter modification circular restores the status quo for Silver Mini Futures and Options traders, reversing any anticipated changes and requiring market participants to revert to original contract terms.