|
Contract |
Parameters |
|
DGCX Contract Symbol |
DRIL |
|
Underlying Equity |
RELIANCE INDUSTRIES LTD. |
|
Underlying Country |
India |
|
Contract Size |
1 |
|
Notional Contract Value |
(Price * Contract Size) in USD |
|
Price Quote |
Underlying Equity price expressed in USD (example: Bid: 1,011 / Ask 1,012) |
|
Minimum Tick Size |
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 100 (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 1,011, the price band is USD 51 i.e. from USD 960 to USD 1,062). Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit
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