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

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

Gold

$ 1,500 per contract

100%

$ 7,500 per contract

2

Silver

$ 1,100 per contract

100%

$ 5,500 per contract

3

Euro

$ 900 per contract

100%

No Tender Margin

4

Sterling Pound

$ 1,100 per contract

100%

No Tender Margin

5

Japanese Yen

$ 1,000 per contract

100%

No Tender Margin

6

Indian Rupee

$ 700 per contract

100%

No Tender Margin

7

Mini Indian Rupee

$ 70 per contract

100%

No Tender Margin

8

Australian Dollar

$ 1,000 per contract

100%

No Tender Margin

9

Canadian Dollar

$ 500 per contract

100%

No Tender Margin

10

Swiss Franc

$ 900 per contract

100%

No Tender Margin

11

WTI Light Sweet Crude Oil

$ 3,300 per contract

100%

No Tender Margin

12

Brent Crude Oil

$ 3,300 per contract

100%

No Tender Margin

13

Copper

$ 1,100 per contract

100%

No Tender Margin

14

SENSEX

$ 900 per contract

100%

No Tender Margin

15

Polypropylene (PP)

$ 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 Last Trading Day Tender Start Date Tender End Date Delivery Start Date Delivery End Date
DINR-20140129 29-Jan-14 30-Jan-14 30-Jan-14 30-Jan-14 30-Jan-14
DINR-20140226 25-Feb-14 27-Feb-14 27-Feb-14 27-Feb-14 27-Feb-14
DINR-20140327 26-Mar-14 28-Mar-14 28-Mar-14 28-Mar-14 28-Mar-14
DINR-20140428 28-Apr-14 29-Apr-14 29-Apr-14 29-Apr-14 29-Apr-14
DINR-20140528 28-May-14 29-May-14 29-May-14 29-May-14 29-May-14
DINR-20140626 26-Jun-14 27-Jun-14 27-Jun-14 27-Jun-14 27-Jun-14
DINR-20140729 28-Jul-14 29-Jul-14 29-Jul-14 29-Jul-14 29-Jul-14
DINR-20140827 26-Aug-14 27-Aug-14 27-Aug-14 27-Aug-14 27-Aug-14
DINR-20140926 26-Sep-14 29-Sep-14 29-Sep-14 29-Sep-14 29-Sep-14
DINR-20141029 29-Oct-14 30-Oct-14 30-Oct-14 30-Oct-14 30-Oct-14
DINR-20141126 26-Nov-14 27-Nov-14 27-Nov-14 27-Nov-14 27-Nov-14
DINR-20141229 29-Dec-14 30-Dec-14 30-Dec-14 30-Dec-14 30-Dec-14

 

Trading & Clearing Fees

Transaction Charges* Details

 

Regular / Day Trade*

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 2014

New Years Day

01-Jan-2014, Wed

The Prophet's Birthday

12-Jan-2014, Sun

Good Friday

18-Apr-2014, Fri

The Prophet's Ascension

25-May-2014, Sun

Eid al-Fitr (End of Ramadan) *

Normal Business Day

Normal Business Day

Eid al-Adha (Feast of Sacrifice) *

 

04-Oct-2014, Sat
05-Oct-2014, Sun

Islamic New Year

25-Oct-2014, Sat

National Day

2-Dec-2014, Tue

Christmas

25-Dec-2014, Thu


# ESO –Evening Session Only. Trading timings for ESO shall be 1600-2330 Hours Dubai Time (GMT+4).

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


Symbols

DGCX Contracts

Bloomberg

ESignal

Thomson Reuters

Gold

Z7A Comdty

DG

<0#DDG:>

Silver

Z8a Comdty

DS

<0#DDS:>

Euro

A3A Curncy

DEUR

<0#DEU:>

Sterling

A4A Curncy

DGBP

<0#DBP:>

Japanese Yen

A5A Curncy

DJPY

<0#DJY:>

Indian Rupee

IRDA Curncy

DINR

<0#DIR:>

Canadian Dollar

DCAA Curncy

DCAD

<0#DCA:>

Swiss Franc

DCCA Curncy

DCHF

<0#DCH:>

Australian Dollar

DUDA Curncy

DAUD

<0#DAU:>

Fujairah Fuel Oil

0BA Comdty

DFO

<0#DFO:>

Steel Rebar

DSTA Comdty

DSTL

<0#DSL:>

WTI Light Sweet Crude Oil

DWTA Comdty

DWTI

<0#DWTI:>

Brent Crude Oil

DBRA Comdty

DBRC

<0#DBRC:>

Indian Rupee Mini

IRPA Curncy

DINRM

DIRM

SENSEX

SEDA

index

DBSX

DBSX

Plastics

DPEA Comdty

 

 

Interactive Data: DPPM

DPPM

INR Options

IRDA Curncy

Interactive Data: O:DINRO\MYY\Strike Price eg: O:DINRO\H14\16393

<0#DINRO+>

       

 

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