You can find the list of approved securities for SLB here (Approved list). The approved list of securities is segregated into Series A and B. They are explained below:
Series B
Contract rollover: You can roll over your contracts for the next 11 months. Rollover means you exit your current month's contract closer to expiry and extend to any available trading month, plus the 11th month's contract to continue holding your position.
For example, if you transacted in the Jan contract and want to extend your position to the Feb contract, you can do this by rolling over. You must send a confirmation email to [email protected] before the F&O expiry date (the last Tuesday of the month before 4:00 PM) to roll over your contract.
Corporate actions impact: For corporate actions like rights issues, bonus issues, and buybacks, your contract will be foreclosed, and shares will be credited back to you as the lender after deducting lending fees proportionally for the days your contract was open.
Example: If you borrow ABC shares for the Feb contract on Jan 7th and ABC announces a bonus issue on Jan 15th, your contract will be foreclosed, and shares will be returned by Jan 15th.
For corporate actions like dividends, stock splits, or Annual General Meetings (AGM), your contract will continue to trade.
Series A
Due to illiquidity and foreclosures of SLB contracts arising from corporate actions, Zerodha doesn't allow you to place orders on Series A securities.
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