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  • QWhat are the available cross currency pair for trading?
    A

    Below given top 3 global cross currency pairs will be available to trade on NSE

    • Euro-US Dollar
    • British Pound –US Dollar
    • US Dollar –Japanese Yen
  • QIs options contracts to be listed on cross currency pair ?
    A

    Yes! Both futures and options contracts will be available for trading.

  • QWhat will be the base currency in any cross currency pair contract?
    A

    First currency in the pair is always the base currency and the second is always the quote currency. Ex. While trading EURUSD, price shall quote in USD for 1 Euro

  • QWhat will be the tick size?
    A

    Please find below given details for tick size for cross currency pair .

    • EURUSD = 0.0001
    • GBPUSD = 0.0001
    • USDJPY = 0.01
  • QHow many contracts are shall be available for trading?
    A

    12 monthly contracts shall be available for futures. For options 3 monthly & 3 Quarterly contracts shall be available.

  • QWhat is the market timing?
    A

    Contracts shall trade from 09:00 AM to 07:30 PM, Monday to Friday

  • QWhat will be the contract expiry date?
    A

    Contracts shall expire 2 days prior to last working day at 12:30 PM

  • QHow settlement works for cross currency pair ?
    A

    Contracts are quoted, traded in foreign currency however settlement is in cash in Indian Rupees only. Profit/Loss in foreign currency shall be converted to INR using applicable RBI rate for the day. RBI rate shall be available after 12:30 PM before that PNL shall be calculated based on previous day reference rate.

    • RBI rate shall be available after 12:30 PM
  • QHow MtM settlement will work?
    A

    Daily MTM shall be converted to INR based on RBI Reference rate / Exchange rate

    • For EUR/USD & GBP/USD, using USD/INR RBI reference rate
    • For USD/JPY using JPY/INR RBI exchange rate
  • QHow premium settlement will work?
    A

    Net premium shall be payable/receivable on T+1 day based on RBI Reference rate.

  • QHow futures MtM settlements will work?
    A

    Open future positions are marked-to-market at daily settlement price. Daily Settlement price = Last Half Hour Weighted Average Price. In absence of last half hour trading, theoretical price shall be considered

  • QWhat is final settlement price?
    A

    Final settlement price shall be computed using RBI rate at 12:30 PM on last trading day. For example if RBI rate for USD/INR = 67.7 and EUR/INR =73.5 then EUR/USD rate will be calculated as (EUR/INR)/(USD/INR) i.e 73.50/67.70=1.09.

  • QWhat is the margin requirement for cross currency pair?
    A

    For futures customer need to pay Initial Margin + Extreme loss margin and for options Initial + Extreme loss margin + Assignment Margin. Please note that Till 2PM of any trading day Margins collected in INR based on previous day RBI rate and post 2 PM Margins collected in INR based on same days RBI rate.

Why Demat Account?
  • Mandatory by SEBI
  • Easy Portfolio Management
  • Security of Equity Investments.
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