MINR – EUR Futures

  • Indian Rupee- Euro futures (INR-EUR) contract is an extension of the Indian Rupee suite of derivatives. The Index contract reflects the Euro rate as a cross with the Indian Rupee. The contract helps participants to trade the correlation between the Euro and the Indian Rupee.

    It helps to capture the volatility of the Euro to specific events effecting the Euro. The contract is also covers the need of a large plethora of organizations and funds which have a Euro versus Indian Rupee exposure.

    • Hedging window available long after Indian currency markets close
    • Arbitrage opportunity with the INR-EUR contract traded onshore in both over the counter and onshore exchanges
    • Mini size two hundred thousand Indian Rupees ensures that smaller exposures can be hedged
    • Unique trading opportunity for organizations with exposure to Euro and Indian Rupee
    • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
    • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
    • Market hours from 7.30 AM India time till 1.25 AM India time
    • Overlaps most trading zones including Europe and United States
  • ContractParameters
    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
    Note 1*: For the avoidance of "fat finger" errors, price band shall be 1.5 EUR Cents from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

  • ProductContract IdentifierLast Trading DateExpiry DateTender Start DateTender End DateDelivery Start DateDelivery End Date
    DINREUR DINREUR-20180129 29-Jan-2018 29-Jan-2018 30-Jan-2018 30-Jan-2018 30-Jan-2018 30-Jan-2018
    DINREUR DINREUR-20180226 26-Feb-2018 26-Feb-2018 27-Feb-2018 27-Feb-2018 27-Feb-2018 27-Feb-2018
    DINREUR DINREUR-20180328 26-Mar-2018 26-Mar-2018 27-Mar-2018 27-Mar-2018 27-Mar-2018 27-Mar-2018
    DINREUR DINREUR-20180425 25-Apr-2018 25-Apr-2018 26-Apr-2018 26-Apr-2018 26-Apr-2018 26-Apr-2018
    DINREUR DINREUR-20180529 29-May-2018 29-May-2018 30-May-2018 30-May-2018 30-May-2018 30-May-2018
    DINREUR DINREUR-20180627 27-Jun-2018 27-Jun-2018 28-Jun-2018 28-Jun-2018 28-Jun-2018 28-Jun-2018
    DINREUR DINREUR-20180727 27-Jul-2018 27-Jul-2018 30-Jul-2018 30-Jul-2018 30-Jul-2018 30-Jul-2018
    DINREUR DINREUR-20180829 29-Aug-2018 29-Aug-2018 30-Aug-2018 30-Aug-2018 30-Aug-2018 30-Aug-2018
    DINREUR DINREUR-20180926 26-Sep-2018 26-Sep-2018 27-Sep-2018 27-Sep-2018 27-Sep-2018 27-Sep-2018
    DINREUR DINREUR-20181029 29-Oct-2018 29-Oct-2018 30-Oct-2018 30-Oct-2018 30-Oct-2018 30-Oct-2018
    DINREUR DINREUR-20181128 28-Nov-2018 28-Nov-2018 29-Nov-2018 29-Nov-2018 29-Nov-2018 29-Nov-2018
    DINREUR DINREUR-20181227 27-Dec-2018 27-Dec-2018 28-Dec-2018 28-Dec-2018 28-Dec-2018 28-Dec-2018

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