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Currencies

Currencies

Currencies

USD-Russian Ruble Futures

Russian Ruble – United States (USD-RUB) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

 

Contract

Parameters

Contract Symbol

DUSDRUB

Underlying

US Dollar

Contract Size

USD 50,000

Notional Contract Value

USD 50,000

Trading Currency

Russian Ruble (RUB)

Settlement Currency

US Dollars (USD)

Price Quote

RUB for 1 USD (e.g. RUB 49.001 / 49.002 Per 1 USD)

Tick Size

 0.001 RUB

Tick Value

50 RUB

Settlement Basis

Cash

Final Cash Settlement Price

Based on the USD-RUB fixing issued by Central Bank of Russia on the last trading day

Last Day of Trading

15th day of the expiry month, except where that day is a bank holiday in either Dubai or Moscow, in which case the Last Day of Trading shall be the following Business Day that is not a bank holiday in either Dubai or Moscow.

Trading Days

Monday through Friday

Trading Hours

07:00 - 23:55 Hours Dubai time (GMT+4)

Trading Months

Quarterly Contracts December, March, June, September, at the outset first three Contracts shall be available for trading.

New Contract Listing

Business Day immediately following the Last Day of Trading

Max Order Size

500 lots for Banks and Institutions promoted by Banks

Daily Price Movement Limit

No price limit (Note 1*)

Initial Margin based on SPAN

The Initial Margin will be denominated in RUB and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/RUB to display Initial Margin Utilization in USD terms.

Calendar Spread Margin

100% Calendar Spread benefit

Note 1*: For the avoidance of "fat finger" errors, price band shall be 4 RUB from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period