AXIS BANK LTD

Axis Bank

 

What is Axis Bank

Axis Bank was founded on 1993 in Mumbai to become what is today India’s third largest private sector bank. The corporation currently operates in 4 financial segments that include: treasury, corporate, wholesale and retail banking.   The equity shares of the company are traded on the National Stock Exchange of India and Bombay Stock Exchange while the company's GDR’s are listed on the London Stock Exchange. With over 29103 branches internationally, Axis Bank is creating positive impact for companies, individual customers and communities from all around the globe.

 

Vision and Values

Vision

“To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology”

Values

Axis believes that a company’s value can be measured by the company’s core beliefs and values. All the decision making at Axis Bank is always checked to assure it aligns with the values of the company. These values include:

 

•   Customer Centricity

•   Ethics

•   Transparency

•   Teamwork

•   Ownership

 

Benefits of Axis Bank futures

When choosing the best investment vehicle, futures contracts offer a long list of advantages for traders. Having been traded in the form of a future, Axis Bank also carries with it these advantages.

 

The Benefits of trading Axis Bank futures are mentioned and described below:

 

-Instant access to profits

            Unlike many other trading vehicles, trading futures provides you with instant access to your profits.

 

-Holding on to trade positions

            While trading Axiz Bank futures, you may have a whole year to hold on to your position without worrying about roll-overs or interest rates

 

-Low Margin requirements

            As previously mentioned, futures trading is a highly leveraged trading instrument. It follows that Futures margin requirements are incredibly low. As a result, traders can expose themselves to a larger value of stocks than they could when trading the original stocks.

  

Brief Income Statement*

Capitalization: 130,8073 million INR

Sales: 1971333 million INR

Net Income:  3495.12 million INR

 

*Annual report of 2016

 

 A key factor of trading futures successfully is being educated about potentially profitable trading opportunities and knowing their in-depth specifications and benefits. The table below is provided for further details about the contract.

 

AXIS BANK LTD

Contract Parameters
DGCX Contract Symbol DAXSB
Underlying Equity AXIS BANK LTD.
Underlying Country India
Contract Size 10
Notional Contract Value (Price * Contract Size) in USD
Price Quote Underlying Equity price expressed in USD (example: Bid: 435.6 / Ask 435.7)
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 650 (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 435.6, the price band is USD 22 i.e. from (USD 413.6 to USD 457.6). Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit