How to place request for physical delivery of Futures and Option position?

How to place request for physical delivery of Futures and Option position?

Requesting physical delivery of Futures and Option positions involves following a structured process within the trading application. Here's a step-by-step guide:
1. Open the 5paisa Mobile App.
2. From the menu, select “Books.”
3. Choose “Position” from the available options.
4. Click on “Open Position” to view your current positions.
5. Select the option “Mark to Physical Delivery.”
It's important to note that this option is only available on the expiry day of the contract.
Physical settlement specifically applies to stock derivatives, whereas index futures and options are settled in cash.
For Future Positions:
Long futures result in buy positions, where the security is receivable.
 Short futures result in sell positions, where the security is deliverable.

 For Option Positions:
Stock Options (Physical Settlement): If you hold a stock option and choose to exercise it, you will either receive shares of the underlying stock (if you're the buyer of the call option or the put option) or deliver shares (if you're the seller of the call option or the put option).

Index Options (Cash Settlement): When you exercise an index option, you don't exchange the actual securities that make up the index. Instead, the settlement amount is paid in cash based on the difference between the index value at the time of exercise and the strike price of the option.

 In-the-Money Call Option:
Long Call results in a buy position with the security receivable.
 Short Call results in a sell position with the security deliverable.

 In-the-Money Put Option:
Long Put results in a sell position with the security deliverable.
 Short Put results in a buy position with the security receivable.

Quantity for receipt/delivery = Market lot * Number of Contracts

Margin Collection:

Day (BOD)               Example days                 Margin Applicable

     E-4                           Friday                       10 % of Peak Margin
      E-3                           Monday                    25 % of Peak Margin
      E-2                           Tuesday                    45 % of Peak Margin
      E-1                           Wednesday               70 % of Peak Margin
        E                             Thursday                  100 % of Peak Margin   

*E stands for expiration day 

Note:  
  1. On the expiry date, clients with open futures positions have the option to request stock delivery by paying the contract value, with stocks provided on T+1, but physical settlement is not permitted before expiry.
  2. On expiration day, maintaining peak margin (VAR + ELM + Ad hoc) is necessary for physical settlement, while for in-the-money option buy positions, margin collection is conducted by the exchange in phases.