Indian Rupee Futures

Contract Specification

Trading

Symbol

DINR

Contract Size

INR 2,000,000

Delivery Months

Monthly contracts for twelve months forward

Last Trading Day

Two Business Days prior to the last working day of the contract month

Settlement Day

The Business Day immediately following the last day of expiring contract

New Contract Listing

Business day immediately following the last trading day

Price Quote

US$ quoted in Cents per 100 Indian Rupees ( e.g. 209.56 /209.62 US Cents per 100 Indian Rupees)

Tick Size

US$ 0.000001 per INR or US$ 2 per tick

Trading Days

Monday through to Friday

Trading Hours

07:00 - 23:30 Hours Dubai time (GMT+4)

Maximum Order Size

500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots

Price Limit

No Price Limits - Note 1*

Wholesale Trades

EFS, EFP, Block trade facilities available

Cash Settlement Price Basis

Open Positions at expiry of contract shall be settled in US Dollars as per the Dialy Settlement Price (DSP) declared by the Exchange.
The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date

Margins

Initial Margin based on SPAN

Click on the "Initial Margin" TAB

Calendar Spread Margin

100% benefits is offered on calendar spread positions

Spread Position Margin

Nil on matched positions

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

Delivery Period Margin

Not applicable

Initial Margin

Download the Initial Margin sheet

The initial margin is payable upfront by Clearing Members. Initial margins can be paid by members in the form of Cash, Letter of Guarantee and Term Deposits.

Minimum Initial Margins

Sr.

Commodity

Minimum Initial Margin

Calendar Spread Benefit

Tender / Delivery Margin

1

Spot Gold

$ 1,400 per contract

Not applicable

$ 7,000 per contract

2

Gold

$ 1,400 per contract

100%

$ 7,000 per contract

3 India Gold Quanto $ 1,050 per contract 100% No Tender Margin

4

Silver

$ 750 per contract

100%

$ 3,750 per contract

5

India Silver Quanto

$ 1,850 per contract

100%

No Tender Margin

6

Euro

$ 1,050 per contract

100%

No Tender Margin

7

Sterling Pound

$ 1,500 per contract

100%

No Tender Margin

8

Japanese Yen

$ 900 per contract

100%

No Tender Margin

9

Indian Rupee

$ 600 per contract

100%

No Tender Margin

10

Indian Rupee - EUR

€ 110 per contract

100%

No Tender Margin

11 Indian Rupee Quanto $ 120 per contract 100% No Tender Margin

12

Indian Rupee Mini

$ 60 per contract

100%

No Tender Margin

13

Australian Dollar

$ 1,000 per contract

100%

No Tender Margin

14

Canadian Dollar

$ 900 per contract

100%

No Tender Margin

15

Swiss Franc

$ 900 per contract

100%

No Tender Margin

16

WTI Light Sweet Crude Oil

$ 4,300 per contract

100%

No Tender Margin

17 Mini WTI $ 430 per contract 100% No Tender Margin

18

Mini Polypropylene (PP)

$ 160 per contract

100%

No Tender Margin

19 Polypropylene (PP) $ 800 per contract 100% $ 8,000 per contract

20

Copper

$ 950 per contract

100%

No Tender Margin

21

SENSEX

$ 900 per contract

100%

No Tender Margin

22

MSCI India (INR, PRICE) Index

$ 750 per contract

100%

No Tender Margin

23

MSCI India (USD, NTR) Index

$ 900 per contract 100% No Tender Margin
24 Indian Rupee - GBP
GBP 105 per contract 100% No Tender Margin
25 USD/RUB RUB 150,000 per contract 100% No Tender Margin
26 USD/CNH CNH 6,650 per contract 100% No Tender Margin
27 USD/KRW KRW 1,500,000 per contract 100% No Tender Margin
28 USD/ZAR ZAR 37,000 per contract 100% No Tender Margin
29 APPLE USD 110 per contract 100% No Tender Margin
30 AXIS BANK USD 670 per contract 100% No Tender Margin
31 FACEBOOK USD 170 per contract 100% No Tender Margin
32 GOOGLE USD 760 per contract 100% No Tender Margin
33 HDFC BANK USD 160 per contract 100% No Tender Margin
34 ICICI BANK USD 355 per contract 100% No Tender Margin
35 INFOSYS USD 120 per contract 100% No Tender Margin
36 JP MORGAN USD 900 per contract 100% No Tender Margin
37 L&T USD 125 per contract 100% No Tender Margin
38 MARUTI SUZUKI USD 405 per contract 100% No Tender Margin
39 MICROSOFT USD 550 per contract 100% No Tender Margin
40 RELIANCE USD 105 per contract 100% No Tender Margin
41 SBI USD 290 per contract 100% No Tender Margin
42 TATA MOTORS USD 390 per contract 100% No Tender Margin
43 TCS USD 250 per contract 100% No Tender Margin


Special Margin: The Exchange, in case of additional volatility, may decide to impose special margin as deemed fit from time to time. The special margin could even be imposed on all open positions or any particular contract or commodity. Special margin imposition would be over and above other margins applicable (e.g. Initial Margins, MTM Margin etc).

Historical Data

Coming soon.

Contract Calendar

Name Expiry date Tender Start Date Tender End Date Delivery Start Date Delivery End Date
DINR-20150128 28-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15
DINR-20150225 25-Feb-15 26-Feb-15 26-Feb-15 26-Feb-15 26-Feb-15
DINR-20150327 27-Mar-15 30-Mar-15 30-Mar-15 30-Mar-15 30-Mar-15
DINR-20150428 28-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15
DINR-20150527 27-May-15 28-May-15 28-May-15 28-May-15 28-May-15
DINR-20150626 26-Jun-15 29-Jun-15 29-Jun-15 29-Jun-15 29-Jun-15
DINR-20150729 29-Jul-15 30-Jul-15 30-Jul-15 30-Jul-15 30-Jul-15
DINR-20150827 27-Aug-15 28-Aug-15 28-Aug-15 28-Aug-15 28-Aug-15
DINR-20150928 28-Sep-15 29-Sep-15 29-Sep-15 29-Sep-15 29-Sep-15
DINR-20151028 28-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15 29-Oct-15
DINR-20151126 26-Nov-15 27-Nov-15 27-Nov-15 27-Nov-15 27-Nov-15
DINR-20151229 29-Dec-15 30-Dec-15 30-Dec-15 30-Dec-15 30-Dec-15

 

Trading & Clearing Fees

Transaction Charges* Details

 

Fee*

Trade Fee

0.35

Clearing Fee

0.10

ESCA Fee

0.03

EFS/EFP/Block Trade Fee

Same as Trade & Clearing Fee

* Transaction charges in US$ per contract per side

Transaction charges payable by Members will be calculated at the end of each calendar month at the above rates for contracts traded in the given month.

 

Volume discounts will be applied to all proprietary business as detailed in the table 2. Discounts shall be based on volumes achieved (Total number of lots traded on applicable contracts) during each calendar month.

 

Table 2 – Volume Discount Matrix. Kindly refer to the notice MKTG-2014-011  dated April 1, 2014)

 

Volume Discount Matrix - Proprietary Business

Average Daily Volumes in Lots

Percentage Discount*

0 - 2,000

0%

2,001 - 4,000

10%

4,001 - 8,000

20%

8,001 - 16,000

40%

16,001 - 20,000

60%

20,001 & Above

80%



*Volume discounts are not applicable on Clearing Fees.

* Applicable to proprietary business on all contracts except Mini INR (DINRM), Sensex (DBSX) and Plastics (DPPM).

Transaction charges shall be collected from the respective Guarantor Clearing Member for all the Guaranteed Members associated with them. 

Members’ Access to the DGCX Trading and Clearing Platform DGCX is an electronic exchange that can be accessed by Broker Members and Trade Members from anywhere in the world. Access can be via leased lines and Internet. In order to trade on the DGCX platform,

Members may use the standard front-end provided by the Exchange. Alternatively, DGCX also provides a connectivity option based on the FIX messaging protocol. DGCX FIX Connect is a product conforming to FIX 5.0 specifications.

Exchange Holidays

Holiday Name

Year 2016

New Years Day

01-Jan-2016, Fri

Good Friday

25-Mar-2016, Fri

The Prophet's Ascension 03-May-2016, Tue#
Eid al-Fitr (End of Ramadan)* 05-July-2016, Tue#
06-July-2016, Wed#

Eid al-Adha (Feast of Sacrifice)*

11-Sep-2016, Sun
12-Sep-2016, Mon#

Islamic New Year

02-Oct-2016, Sun

UAE National Day

02-Dec-2016, Fri

The Prophet's Birthday 12-Dec-2016, Mon#

Christmas

25-Dec-2016, Sun


#ESO –Evening Session Only. Trading timings for ESO shall be 1600-2355 Hours Dubai Time (GMT+4).

*Holiday day/dates are subject to change. Members shall be informed prior to the actual date. 


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