Settlement Method

The settlement method for single stock future and single stock option contracts are physical delivery. For single stock futures and single stock options, physical delivery is realized by exchange of dematerialized equities over the settlement or strike price of the contract respectively.

The settlement method for USD/TRY future and USD/TRY option contracts are cash settlement and physical delivery. For USD/TRY futures and single stock options, phsysical delivery is by dematerialized cash over the settlement or strike prive of the contract respectively.

The settlement method for index options and futures, other currency options and currency futures (except USD/TRY), gold futures, silver futures, palladium futures, platinum futures, energy futures and TLREF futures are cash settlement. For options profit/loss is determined by the difference between strike price and settlement price at the end of the maturity date.