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Can a non- spread contract be moved to spread group?

April 26, 2017contract group Moved spread

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Can a non- spread contract be moved to spread group?

2 Answers

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Yes, on the expiry of near month contract, the existing contracts can move from one spread benefit group to another. New contract now introduced will be moved to an spread benefit group having existing contracts.

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Yes,on the expiry of near month contract, far month contract would be moved to spread group. New contract now introduced will now be non-spread contract. . Is it compulsory to square off the position within the life of contract? No. You may not square off the position till the contract expires. In that case, ICICIDirect as well as Exchange would expire your position on the last day on contract after running EOD MTM and your position would be closed at the closing price of the spot (equity) market as per the current regulations. Margin blocked on such expired position will also be released and added into you trading limits after adjusting profit/loss on close out.