DGCX MSCI INDIA (USD, NTR) INDEX Futures

Contract

Parameters

Contract Symbol

DMSI

Underlying Index

MSCI INDIA (INR, PRICE)

Contract Size

US$ 25 x Index Value

Pricing

Price Quote

Index Value quoted in USD (e.g:1001.50/1002.00)

Minimum Tick Size

 

Minimum Tick Value

US $12.5

Daily Price Range

15 index points (subject to change)

Trading

Contract Months

Three consecutive serial months, 1 quarterly month and 1 calendar spread between first month and second month.

Trading Days

Monday through Friday

Trading Hours

07:00 - 23:30 Hrs. (Dubai Time)

Last Trading Day

Last Thursday of the Contract Month. If it is a holiday in India or in the UAE, then the immediate preceding Business Day.

New Contract Listing

Business Day immediately following the Last Day of Trading

Settlement

Settlement Basis

Cash

Final Cash Settlement Price Basis

Settled in cash based on the closing price of the MSCI India (INR, PRICE) index as published by MSCI on the Last Day of Trading rounded off to the nearest tick

Margins

Initial Margin based on SPAN

US$ 650 per Contract. (subject to change)

Order / Position Limits

Max Open Position Limit

As determined by the Exchange from time to time

Max Order Size

200 Contracts

Block Trades

Minimum Block size permitted is 50 Contracts

Time limit for Block Trade registration

Up to 15 minutes after cessation of trading on any Trading Day