Contract | Parameters |
---|---|
Contract Symbol | DUSDZAR |
Underlying | US Dollar |
Contract Size | USD 50,000 |
Notional Contract Value | USD 50,000 |
Trading Currency | South African Rand (ZAR) |
Settlement Currency | US Dollars (USD) |
Price Quote | ZAR for 1 USD (e.g. ZAR 11.016 / 11.017 Per 1 USD) |
Tick Size | 0.001 ZAR |
Tick Value | 50 ZAR |
Settlement Basis | Cash |
Final Cash Settlement Price | Based on the USD-ZAR Fixing issued by Reserve Bank of South Africa on the Last Day of Trading |
Last Day of Trading | The preceding Monday of the third Wednesday of the contract month except where that day is a bank holiday in either Dubai or Pretoria, in which case the Last Day of Trading shall be the preceding Business Day that is not a bank holiday in either Dubai or Pretoria |
Trading Days | Monday through Friday |
Trading Hours | 07:00 – 23:55 Hours Dubai time (GMT+4) |
Trading Months | Twelve Monthly Contracts, at the outset first three serial months Contracts shall be available for trading. |
New Contract Listing | Business Day immediately following the Last Day of Trading |
Max Order Size | 500 lots for Banks and Institutions promoted by Banks |
Daily Price Movement Limit | No price limit (Note 1*) |
Initial Margin based on SPAN | The Initial Margin will be denominated in ZAR and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/ZAR to display Initial Margin Utilization in USD terms. |
Calendar Spread Margin | 100% Calendar Spread benefit |