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 Daily 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

$ 900 per contract

100%

$ 4,500 per contract

5

India Silver Quanto

$ 2,100 per contract

100%

No Tender Margin

6

Euro

$ 700 per contract

100%

No Tender Margin

7

Sterling Pound

$ 1,250 per contract

100%

No Tender Margin

8

Japanese Yen

$ 1,000 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

$ 800 per contract

100%

No Tender Margin

14

Canadian Dollar

$ 500 per contract

100%

No Tender Margin

15

Swiss Franc

$ 800 per contract

100%

No Tender Margin

16

WTI Light Sweet Crude Oil

$ 3,200 per contract

100%

No Tender Margin

17 Mini WTI $ 320 per contract 100% No Tender Margin
18 Dubai India Crude Oil Futures
$ 600 per contract 100% No Tender Margin
19 Brent Crude Oil Futures $ 3000 per contract 100% No Tender Margin

20

Mini Polypropylene (PP)

$ 35 per contract

100%

No Tender Margin

21 Polypropylene (PP) $ 175 per contract 100% $ 1,750 per contract

22

Copper

$ 750 per contract

100%

No Tender Margin

23

SENSEX

$ 850 per contract

100%

No Tender Margin

24

MSCI India (INR, PRICE) Index

$ 750 per contract

100%

No Tender Margin

25

MSCI India (USD, NTR) Index

$ 850 per contract 100% No Tender Margin
26 Indian Rupee - GBP
GBP 115 per contract 100% No Tender Margin
27 USD/RUB RUB 95,000 per contract 100% No Tender Margin
28 USD/CNH CNH 6,800 per contract 100% No Tender Margin
29 USD/KRW KRW 1,100,000 per contract 100% No Tender Margin
30 USD/ZAR ZAR 30,000 per contract 100% No Tender Margin
31 APPLE USD 500 per contract 100% No Tender Margin
32 AXIS BANK USD 750 per contract 100% No Tender Margin
33 FACEBOOK USD 950 per contract 100% No Tender Margin
34 GOOGLE USD 350 per contract 100% No Tender Margin
35 HDFC BANK USD 900 per contract 100% No Tender Margin
36 ICICI BANK USD 1000 per contract 100% No Tender Margin
37 INFOSYS USD 550 per contract 100% No Tender Margin
38 JP MORGAN USD 1000 per contract 100% No Tender Margin
39 L&T USD 750 per contract 100% No Tender Margin
40 MARUTI SUZUKI USD 500 per contract 100% No Tender Margin
41 MICROSOFT USD 600 per contract 100% No Tender Margin
42 RELIANCE USD 500 per contract 100% No Tender Margin
43 SBI USD 950 per contract 100% No Tender Margin
44 TATA MOTORS USD 550 per contract 100% No Tender Margin
45 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

Eid al-Fitr (End of Ramadan)* 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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