US Dollar South African Rand Futures

US Dollar South African Rand Futures

Symbol

Underlying

Contract Size

Trading Currency

Settlement Currency

Price Quote

Minimum Tick Size

Tick Value

Trading Days

Trading Hours

Trading Months

Last Trading Day

New Contract Listing

Daily Variation Margin (VM) payment

Final VM payment

Final Cash Settlement Price Basis

Settlement basis

Wholesale Trades

Daily Price Movement Limit

Maximum Order Size

Initial Margin based on SPAN

Indicative VM

Calendar Spread Benefit

Extra Margin

Delivery Period Margin

Spot rate

DUSDZAR

US Dollar

USD 50,000

South African Rand (ZAR)

US Dollars (USD)

ZAR for 1 USD (e.g. ZAR 11.016 / 11.017 Per 1 USD)

0.001 RUB

50 ZAR

Monday through Friday

DGCX Trading Hours

Twelve Monthly Contracts, at the outset first three serial months Contracts shall be available for trading.

The preceding Monday of the third Wednesday of the contract month except where that day is a bank holiday in either Dubai or Pretoria, in which case the Last Day of Trading shall be the preceding Business Day that is not a bank holiday in either Dubai or Pretoria

Business Day immediately following the Last Day of Trading

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

From Trading Currency to Settlement Currency Based on the USD-ZAR Fixing issued by Reserve Bank of South African on the last trading day

Based on the USD-ZAR Fixing issued by Reserve Bank of South Africa on the Last Day of Trading

Cash

EFS, EFP, Block trade facilities available

No price limit (for the avoidance of ‘fat finger’ errors price band shall be 0.20 ZAR from previous settlement price e.g. if previous settlement price is ZAR 11.016/ US$ then the price band is from 10.816 to 11.216)

500 lots for Banks and Institutions promoted by Banks All other entities 200 lots

The Initial Margin will be denominated in ZAR and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/ZAR to display Initial Margin Utilization in USD terms. At the outset, Initial Margin shall be ZAR 11,000subject to change.

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

100% Calendar Spread benefit

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

Not applicable

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