STATE BANK OF INDIA

STATE BANK OF INDIA

Contract Parameters
DGCX Contract Symbol DSBIN
Underlying Equity STATE BANK OF INDIA
Underlying Country India
Contract Size 10
Notional Contract Value (Price * Contract Size) in USD
Price Quote Underlying Equity price expressed in USD (example: Bid: 230.8 / Ask 230.9)
Minimum Tick Size 0.1
Tick Value USD 1
Trading Days Monday through Friday
Trading Hours 07:00 - 23:30 Hours Dubai time (GMT+4)
Trading Months First two (2) serial months and 1 calendar spread
Last Trading Day ** Last Thursday of the Calendar Month
Cash Settlement Day** Business Day following the Last Trading Day
New Contract Listing Business Day immediately following the Last Trading Day
Final Cash Settlement Price Basis Based on the market closing price of the Underlying
Equity on the Last Trading Day in the Underlying
Country (source: public domain)
Settlement Basis Cash settled in USD
Wholesale Trades Minimum permitted block size is 100 lots
Max Open Position Limit As determined by the Exchange from time to time
Max Order Size 1,000 lots
Daily Price Movement limit No Limit, Note 1*
Initial Margin based on SPAN USD 350 (Based on SPAN, subject to change from time to time)
Calendar Spread Margin 100% benefit is offered on calendar spread positions

Note 1*: *: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 230.8, the price band is USD 12 i.e. from USD 218.8 to USD 242.9)