India Silver Quanto Futures

  • Indian household are known to use a big part of their savings in buying Gold and Silver. This is primarily due to easy and historic understanding of physical bullion and lack of awareness and understanding of other key asset classes like equity, fixed income etc. In recent years silver consumption in India has significantly increased with a push on solar energy and household buying.

    DGCX India Silver Quanto Futures contract will trade before start and after closure of Indian market hours, which will provide a unique opportunity for traders to discover price and trade in the Silver contract on basis of the information available to them for all international and national event.

    • Easily trade your views on the Indian Silver market
    • Arbitrage opportunity with highly correlated DGCX Silver contract based on global prices.
    • Benefit from Margin offset provided by DCCC for inter-commodity spreads.
    • Low cost structure
    • USD denominated, cash settled futures contract
    • Tick value of USD 1
    • Extends beyond trading hours of reference market
    • Efficient margining for optimal leverage
    • No Indian Rupee foreign exchange rate risk
  • ContractParameters
    Contract Symbol DIS
    Underlying India Silver
    Contract Size 1
    Notional Contract Value USD 1 * Indian Silver Futures Price quoted in INR/ KG (e.g. Bid 36,000 / Ask 36,001)
    Trading Currency USD
    Settlement Currency USD
    Price Quote USD 1 * Indian Silver Futures Price quoted in INR/ KG (e.g. Bid 36,000 / Ask 36,001)
    Tick Size USD 1
    Tick Value USD 1
    Settlement Basis Cash Settlement
    Final Cash Settlement Price The final cash settlement price basis shall be the benchmark reference silver futures price publicly available in India that corresponds to the DGCX contract month
    Last Day of Trading The Last Day of Trading for Gold Quanto Futures Contracts is the second last Day of Trading of the month immediately preceding the Delivery month
    Trading Days Monday through to Friday
    Trading Hours DGCX Trading Hours
    Trading Months March, May, July, September, December (three contracts at any given point of time)
    New Contract Listing Business Day immediately following the Last Day of Trading
    Max Order Size 500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts
    Initial Margin based on SPAN USD 2,100 per lot (subject to change)
    Calendar Spread Margin 100% benefit is offered on calendar spread margins
    Daily Price Movement limit No Limits*
    Note 1*: * For the avoidance of ‘fat finger’ errors price band shall be USD 1,500 from previous settlement price e.g. if previous settlement price is USD 36,000 then the price band is from USD 34,500 to USD 37,500. 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
    DIS DIS-20180227 27-Feb-2018 27-Feb-2018 28-Feb-2018 28-Feb-2018 28-Feb-2018 28-Feb-2018
    DIS DIS-20180427 27-Apr-2018 27-Apr-2018 30-Apr-2018 30-Apr-2018 30-Apr-2018 30-Apr-2018
    DIS DIS-20180628 28-Jun-2018 28-Jun-2018 29-Jun-2018 29-Jun-2018 29-Jun-2018 29-Jun-2018
    DIS DIS-20180830 30-Aug-2018 30-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018
    DIS DIS-20181129 29-Nov-2018 29-Nov-2018 30-Nov-2018 30-Nov-2018 30-Nov-2018 30-Nov-2018

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