28 On Currency expiry day if Future/Option contract was not squared off, what will be implications on the contract. | iCommunity ICICIdirect

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Community User Posted on 09:36pm 15-Feb-2021

On Currency expiry day if Future/Option contract was not squared off, what will be implications on the contract.

Is any penalty levied?. For some option currency expiry contracts on expiry day at 12.30noon price was 0.0025. Instead of buying this contract, if I leave it as open what are the consequences? Please advise. Thanks in advance
  • ICICIdirect Executive If on expiry day, an open position in currency derivatives like Futures or Options is not squared off by a customer then system will square off. There would not be any penalty in case of system square off.

    04:08pm 18-Feb-2021