What is State Bank of India
State Bank of India was founded on July 1st, 1955 to become what is today a prestigious multinational financial services corporation. The corporation currently has a team of 207,000 employees and is operating in 36 countries oversees. SBI specializes in a number of segments including Coporate/Wholasale Banking, Treasury, Asset Management and Retail Banking. SBI is India’s largest commercial bank in terms of profit, assets and deposit.
State Bank of India Company Values
What makes SBI so valuable is its list of values on which the company is based. All the decision making at State Bank of India is always checked to assure it aligns with the values of the company. These values include:
· Maintain high transparency levels
· Maintain truthfulness
· Nurture pride in India
Benefits of trading State Bank of India Futures
SBI is often considered as the best Indian stock to trade, and in specific if traded as a futures contract. With a futures contract, a small investment can lead to large profits. There are various advantages to trading futures when choosing the best investment vehicle.
The Benefits of trading State Bank of India 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
With trading State Bank of India 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.
SBI Financial Statements *
Income Statement
Revenue: 864,814
Net Interest Income: 788,075
Net Income: 122,246
Earnings per share: 15.95
Balance Sheet
Net loans: 18,702,609
Total Assets: 29,708,976
Stockholder Equity: 1,805,924
*Annual report in millions, currency INR, as of 2014
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.
| 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 |
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