Compulsory delivery ; staggered delivery ; optional delivery ; physical delivery

(1) what is the differences amongst the following all the four : : : compulsory delivery ; staggered delivery ; optional delivery ; physical delivery ? ? ? ?

(2) what if the buyer is ready for the delivery BUT the seller Defaults ?

(3) what if the seller is ready for the delivery BUT the buyer Defaults ?

(4) what if the buyer and the seller ; both default ?

Query(1)
I have tcs put 1 lot with broker “xyz” trading account and i have tcs call 1 lot with broker “abc” trading account.
If the demat account is same with both the brokers ; does the physical delivery applicable on expiry?
Query(2)
If your client 1 has 10 tcs lots call .and another client 2 has 10 tcs lots put .
Do you adjust the delivery at your level .because both the clients are of zerodha only .
OR
Do you take physical delivery rule for both the clients ?

@siva

@nithin

Query(1):
If the demat account is the same with both brokers, physical delivery will not apply on expiry: The obligation will be netted when the clearing member-trading member-client (Broker) is the same for F&O segments of the same security. However, if the trading member clears trades through different Clearing Members or Clearing Corporations, netting will not occur.

Query(2):
If client 1 has 10 lots of TCS call and client 2 has 10 lots of TCS put, the delivery will be adjusted separately for each client. There will be no net off at the broker level as both clients are different. Therefore, physical delivery will be created for both clients.

(1) what is the differences amongst the following all the four : : : compulsory delivery ; staggered delivery ; optional delivery ; physical delivery ? ? ? ?

MCX Physical Delivery Settlement- Delivery of the commodity equal to the lot size is given to the buyer(long position) by the seller of the contract from the exchange defined delivery warehouse. Physical delivery settlement can also be of two types:

Staggered- The exchange can mark any of the open contracts as delivery during the delivery intention period. Even if the contract is closed after your contract is marked as delivery, the delivery obligation will remain.

Compulsory- All contracts will be compulsorily physically settled by the exchange if the contract is open on the expiry day.