Mini INR-GBP Futures

Mini INR-GBP Futures

Symbol

Underlying

Contract Size

Trading Currency

Settlement Currency

Price Quote

Minimum Tick Size

Tick Value

Daily Variation Margin (VM) payment

Final VM payment

Final Cash Settlement Price Basis

Wholesale Trades

Daily Price Movement Limit

Maximum Order Size

Trading Months

Trading Days

Trading Hours

Last Trading Day

New Contract Listing

Indicative VM

Calendar Spread Benefit

Extra Margin

Delivery Period Margin

Price Band

Spot rate

DINRGBP

Indian Rupee (INR)

INR 400,000

Pound Sterling (GBP)

US Dollars (USD)

GBP Pence for 100 INR (e.g. 102.01/102.02 GBP Pence per 100 INR)

0.01 GBP Pence

0.40 GBP

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

From Trading Currency to Settlement Currency. Based on the Spot rates calculated from USD and GBP 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

INRGBP reference rate issued by the Reserve Bank of India, in Mumbai at 12 noon on the Last Day of Trading

EFS, EFP, Block trade facilities available

No price limit*

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

First 3 consecutive serial months

Monday through Friday

DGCX 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

Business Day immediately following the Last Day of Trading

The Initial Margin will denominated in GBP and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/GBP to display Initial Margin Utilization in USD terms

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

100% benefits is offered on calendar spread positions

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

Not applicable

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

Shall be taken from available market data sources like Bloomberg and Reuters.