The Pakistani Rupee (PKR) Futures Contract, the first of its kind on any regulated exchange in the world. DGCX is pioneering the launch of such contract in the market giving more trading and hedging opportunities to a larger scale of market participants and investors in UAE, GCC and globally.
- Expanding trading opportunities in the region to participate in the Pakistani market.
- The margin offsets by DCCC for calendar spreads in PKR Futures offers greater capital efficiency.
- Provides the availability to hedge for market participants with exposure to the Pakistani Rupee.
- Traded on a globally recognized, regulated and safe platform permitting greater participation.
Contract Specifications
| Contract | Parameters |
| Contract Type | Future |
| Contract Name | PKR/US Dollar |
| Contract Symbol | DPKR |
| Underlying | Pakistani Rupee |
| Contract Size | PKR 2,000,000 |
| Notional Contract Value | PKR 2,000,000 |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars quoted in Cents per 100 Pakistani Rupees |
| Tick Size | US$ 0.01 |
| Tick Value | US$ 2.00 |
| Settlement Basis | Cash Settled |
| Final Cash Settlement Price (FCSP) | FCSP is based on the official USDPKR reference rate issued by relevant body on Last Trading Day |
| Last Trading Day (LTD) | Two Business Days prior to the last Business Day of the contract month |
| Trading Days | Exchange Business Days* |
| Trading Hours | 07:00 – 23:55 Hours Dubai time |
| Trading Months | Monthly contracts for twelve months forward |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Max Order Size | 200 Lots |
| Extra Margin | At times of high volatility, an extra margin, as deemed fit by the clearing house (DCCC) |
| Calendar Spread Margin | Margin Offsets are offered on calendar spread positions |
| Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
Contract Calendar
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Apr'24 | DPKR-20240426 | 26-Apr-24 |
| May'24 | DPKR-20240529 | 29-May-24 |
| Jun'24 | DPKR-20240626 | 26-Jun-24 |
| Jul'24 | DPKR-20240729 | 29-Jul-24 |
| Aug'24 | DPKR-20240828 | 28-Aug-24 |
| Sep'24 | DPKR-20240926 | 26-Sep-24 |
| Oct'24 | DPKR-20241029 | 29-Oct-24 |
| Nov'24 | DPKR-20241127 | 27-Nov-24 |
| Dec'24 | DPKR-20241227 | 27-Dec-24 |
| Jan'25 | DPKR-20250129 | 29-Jan-25 |
| Feb'25 | DPKR-20250226 | 26-Feb-25 |
| Mar'25 | DPKR-20250326 | 26-Mar-25 |