Contract | Parameters |
---|---|
Contract Symbol | DICO |
Underlying | Indian Crude Oil Contract |
Contract Size | 3 |
Notional Contract Value | USD 3.00 X Indian Crude Oil Futures Price quoted (e.g. Bid 3307.00 / Ask 3308.00) |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | USD |
Tick Size | 1 |
Tick Value | USD 3 |
Settlement Basis | Cash Only Settlement Contract |
Final Cash Settlement Price | The Final Cash Settlement Price basis shall be the DGCX front month WTI Light Crude Oil Final Settlement price that corresponds to the DGCX front month DICO contract. Official US Dollar reference rate issued by the Reserve Bank of India (RBI), based on bank rates in Mumbai at 12 noon on the Last Day of Trading or earliest available date shall be used to convert the above DGCX front month DWTI Final Settlement Price into DGCX front month DICO Final Settlement Price. For instance, on the Last Day of Trading of DICO front month contract, the Final settlement price of DGCX front month WTI Light Crude Oil is $50.00 and the last available RBI US Dollar reference price is INR 67.0025 /US$, then the Final Cash Settlement Price for the front month DICO contract shall be $3,350.12 rounded off to $3,350.00 (i.e. $50.00*67.0025 and rounded off to the nearest tick) |
Last Day of Trading | Last Day of Trading shall be the 4th Business Day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a Business Day; Last Day of Trading shall be the 4th business day prior to the business day that precedes the 25th calendar day. If the 4th business day is not a DGCX or an Indian business day, then the preceding DGCX Business Day which is not a holiday in India shall be the Last Day of Trading. |
Trading Days | Monday through to Friday |
Trading Hours | DGCX Trading Hours |
Trading Months | At the outset, two serial contract months and a spread contract will be available for trading. |
New Contract Listing | Business day immediately following the last trading day |
Max Order Size | 500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts |
EFP / EFS / Block Trades | As per DGCX By-Laws |
Time Limit for EFP / EFS / Block Trade Registration | Up to 5 minutes after cessation of trading on any trading day |
Initial Margin based on SPAN | USD 600 per lot (subject to change) |
Extra Margin | At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |
Calendar Spread Margin | 100% benefit is offered on calendar spread positions |
Daily Price Movement limit | No Limits – Note 1* |