Contract Specifications - Futures

Options Contract Specifications

Symbol USDINR EURINR GBPINR JPYINR
Market Type N N N N
Instrument Type FUTCUR FUTCUR FUTCUR FUTCUR
Unit of trading 1 - 1 unit denotes 1000 USD. 1 - 1 unit denotes 1000 EURO. 1 - 1 unit denotes 1000 POUND STERLING. 1 - 1 unit denotes 100000 JAPANESE YEN.
Underlying / Order Quotation The exchange rate in Indian Rupees for US Dollars The exchange rate in Indian Rupees for Euro. The exchange rate in Indian Rupees for Pound Sterling. The exchange rate in Indian Rupees for 100 Japanese Yen.
Tick size 0.25 paise  or INR 0.0025
Trading hours Monday to Friday 
9:00 a.m. to 5:00 p.m.
Contract trading cycle 12 month trading cycle.
Last trading day Two working days prior to the last business day of the expiry month at 12:30 pm.
Final settlement day Last working day (excluding Saturdays) of the expiry month.
The last working day will be the same as that for Interbank Settlements in Mumbai.
Quantity Freeze 10,001 or greater
Base price Theoretical price on the 1st day of the contract.
On all other days, DSP of the contract.
Theoretical price on the 1st day of the contract.
On all other days, DSP of the contract.
Theoretical price on the 1st day of the contract.
On all other days, DSP of the contract.
Theoretical price on the 1st day of the contract.
On all other days, DSP of the contract.
Price operating range Tenure upto 6 months +/-3 % of base price.
Tenure greater than 6 months +/- 5% of base price.
Position limits Position Limits for CDS Segment
Initial margin SPAN Based Margin
Extreme loss margin 1% of MTM value of gross open position 0.3% of MTM value of gross open position 0.5% of MTM value of gross open position 0.7% of MTM value of gross open position
Calendar spreads Rs.400 for spread of 1 month
Rs.500 for spread of 2 months
Rs.800 for spread of 3 months
Rs.1000 for spread of 4 months and more
Rs.700 for spread of 1 month
Rs.1000 for spread of 2 months
Rs.1500 for spread of 3 months and more
Rs.1500 for spread of 1 month
Rs.1800 for spread of 2 months
Rs.2000 for spread of 3 months and more
Rs.600 for spread of 1 month
Rs.1000 for spread of 2 months
Rs.1500 for spread of 3 months and more
Settlement Daily settlement  :  T + 1
Final  settlement :  T + 2
Mode of settlement Cash settled in Indian Rupees
Daily settlement price
(DSP)
Calculated on the basis of the last half an hour weighted average price.
Final settlement price
(FSP)
RBI reference rate RBI reference rate Exchange rate published by RBI in its Press Release captioned RBI reference Rate for US$ and Euro Exchange rate published by RBI in its Press Release captioned RBI reference Rate for US$ and Euro

Related Links

Watch the market live!
Get real-time market analyses!
More about our Risk Management practices

You may also be
interested in:

Did You Know

The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

More investment concepts