Contract | Parameters |
---|---|
Contract Symbol | DINREUR |
Underlying | Indian Rupee (INR) |
Contract Size | INR 400,000 |
Notional Contract Value | INR 400,000 |
Trading Currency | Euro (EUR) |
Settlement Currency | US Dollars (USD) |
Price Quote | EUR Cents for 100 INR (e.g. 126.75/126.76 EUR Cents per 100 INR) |
Tick Size | 0.01 EUR Cents |
Tick Value | 0.40 EUR |
Settlement Basis | INREUR reference rate issued by the Reserve Bank of India, in Mumbai at 12 noon on the Last Day of Trading |
Final Cash Settlement Price | INREUR reference rate issued by the Reserve Bank of India, in Mumbai at 12 noon on the Last Day of Trading |
Last Day of Trading | Two Business Days prior to the last calendar day of the Contract Month except where that day is a bank holiday in either Dubai or Mumbai in which case the Last Day of Trading shall be the preceding Business Day that is not a bank holiday in either Dubai or Mumbai |
Trading Days | Monday through Friday |
Trading Hours | 07:00 – 23:55 Hours Dubai time (GMT+4) |
Trading Months | First 3 consecutive serial months |
New Contract Listing | Business Day immediately following the Last Day of Trading |
Max Order Size | 2500 lots for Banks and Institutions promoted by Banks |
Daily Price Movement Limit | No price limit* |
Initial Margin based on SPAN | The Initial Margin will denominated in EUR and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/EUR to display Initial Margin Utilization in USD terms |
Calendar Spread Margin | 100% benefits is offered on calendar spread positions |