Mini-INR-EUR-Futures_0
DINREUR

Symbol

Indian Rupee (INR)

Underlying

INR 400,000

Contract Size

Euro (EUR)

Trading Currency

US Dollars (USD)

Settlement Currency

EUR Cents for 100 INR (e.g. 126.75/126.76 EUR Cents per 100 INR)

Price Quote

0.01 EUR Cents

Minimum Tick Size

0.40 EUR

Tick Value

From Trading Currency to Settlement Currency. Based on Spot Prices available for USD/EUR at the end of DGCX Trading Hours

Daily Variation Margin (VM) payment

From Trading Currency to Settlement Currency. Based on the Spot rates calculated from USD and EUR reference rate issued by the Reserve Bank of India (RBI) against INR in Mumbai at 12 noon on the Last Day of Trading or earliest available

Final VM payment

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 Basis

EFS, EFP, Block trade facilities available

Wholesale Trades

No price limit*

Daily Price Movement Limit

2500 lots for Banks and Institutions promoted by Banks All other entities 1000

Maximum Order Size

First 3 consecutive serial months

Trading Months

Monday through Friday

Trading Days

DGCX Trading Hours

Trading Hours

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

Last Trading Day

Business Day immediately following the Last Day of Trading

New Contract Listing

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

Indicative VM

Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/EUR. DCCC shall update the spot rates for USD/EUR intraday for at least 3 times at 0600, 1500 and End of DGCX Trading Hours

Calendar Spread Benefit

100% benefits is offered on calendar spread 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

Price Band

Shall be 150 basis points from previous settlement prices for the avoidance of ‘fat finger’ errors.

Spot rate

 

 

Futures contracts:
http://fxpcm.com/future-contracts

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