Contract Specifications - Cross Currency
| Symbol | EURUSD | GBPUSD | USDJPY | ||
|---|---|---|---|---|---|
| Market Type | N | N | N | ||
| Instrument Type | FUTCUR | FUTCUR | FUTCUR | ||
| Unit of trading | 1 - 1 unit denotes 1000 EURO. | 1 - 1 unit denotes 1000 GBP. | 1 - 1 unit denotes 1000 USD. | ||
| Underlying / Order Quotation | The contract would be quote in USD. The outstanding positions would be in EURO terms | The contract would be quote in USD. The outstanding positions would be in GBP terms | The contract would be quote in JPY. The outstanding positions would be in USD terms | ||
| Tick size | 0.0001 | 0.0001 | 0.01 | ||
| Trading hours** |
Monday to Friday **Exchange circular NSE/CD/44122 dated April 14, 2020 regarding revision in trading hours for cross currency futures and options upto 5:00 p.m. IST |
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| Contract trading cycle | 12 serial monthly contracts. | ||||
| Calendar spreads | Spread Combinations available for trading would be M1 - M2, M1 - M3, M1 - M4, M2 - M3, M2- M4, M3 - M4 All spread orders shall be placed in terms of price difference only. |
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| Expiry/Last trading day | The last trading day for the contracts shall be two working days prior to the last working day of the expiry month at 12:30 pm and trade modification end time will be till 01:00 PM. If the last trading day is a trading holiday, then the last trading day shall be the previous trading day. | ||||
| Quantity Freeze | 10,001 or greater | ||||
| Price operating range | Tenure upto 6 months | +/-3 % of base price. | |||
| Tenure greater than 6 months | +/- 5% of base price. | ||||
| Base price | Theoretical price on the 1st day of the contract. On all other days, DSP of the contract. |
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| Position limits | Position Limits for CDS Segment | ||||
| Mode of settlement | Cash settled in Indian Rupees | ||||
| Trading holidays | |||||
* M denotes expiry month
| Symbol | EURUSD | GBPUSD | USDJPY | ||
|---|---|---|---|---|---|
| Market Type | N | N | N | ||
| Instrument Type | OPTCUR | OPTCUR | OPTCUR | ||
| Option Type | Premium Style: European, Call & Put Options (CE/PE) | ||||
| Unit of trading | 1 contract unit denotes 1000 EURO. | 1 contract unit denotes 1000 GBP. | 1 contract unit denotes 1000 USD. | ||
| Underlying / Order Quotation | The contract would be quote in USD. The outstanding positions would be in EURO terms | The contract would be quote in USD. The outstanding positions would be in GBP terms | The contract would be quote in JPY. The outstanding positions would be in USD terms | ||
| Tick size | 0.0001 | 0.0001 | 0.01 | ||
| Trading hours** |
Monday to Friday **Exchange circular NSE/CD/44122 dated April 14, 2020 regarding revision in trading hours for cross currency futures and options upto 5:00 p.m. IST |
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| Contract trading cycle | 3 serial monthly contracts, followed by 3 quarterly contracts of the cycle March/June/September/December. |
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| No. of Strikes | Minimum 12 In-the-money, Minimum 12 Out-of-the-money and 1 Near-the-money. (25 CE and 25 PE) | ||||
| Strike price intervals | 0.005 | 0.005 | 0.5 | ||
| Expiry/Last trading day | The last trading day for the contracts shall be two working days prior to the last working day of the expiry month at 12:30 pm and trade modification end time will be till 01:00 PM. If the last trading day is a trading holiday, then the last trading day shall be the previous trading day. | ||||
| Quantity Freeze | 10,001 or greater | ||||
| Price operating range | Contract specific price range based on the delta of the option contract | ||||
| Base price | Theoretical price on the 1st day of the contract. On all other days, DSP of the contract. |
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| Position limits | Position Limits for CDS Segment | ||||
| Mode of settlement | Cash settled in Indian Rupees | ||||
| Trading holidays | |||||
* M denotes expiry month
Updated on: 20/09/2024
