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MSCI India Futures Contract

The index is based on the MSCI Global Investable Indexes (GIMI) Methodology—a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.

 

Contract

Parameters

Contract Symbol

DMSI

Underlying

MSCI INDIA (INR, PRICE) INDEX

Contract Size

25

Notional Contract Value

(Price * Contract Size) in USD

Trading Currency

USD

Settlement Currency

USD

Price Quote

Underlying price expressed in USD ((example: Bid: 1068.B850 / Ask 1069.50)

Tick Size

0.5

Tick Value

USD 12.5

Settlement Basis

Cash Settled

Final Cash Settlement Price

Based on the closing price of the MSCI (INR, PRICE) index as published by MSCI Inc. on the Last Day of Trading rounded off to the nearest tick

Last Day of Trading*

Last Thursday of the Calendar Month

Trading Days

Monday through Friday

Trading Hours

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

Trading Months

Three consecutive serial months, 1 quarterly month and 1 calendar spread between first month and second month.

New Contract Listing

Business Day immediately following the Last Trading Day

Max Order Size

200 Lots

Initial Margin based on SPAN

(Based on SPAN, subject to change from time to time)

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limit** See Note 2

Note1*: On the last trading day the expiring contract will be disabled from trading at 14:00 Hours Dubai time (GMT +4)

 

Note 2**: For the avoidance of ‘fat finger’ errors price band shall be 25 points from previous settlement price e.g. if previous settlement price is 1070, the price band is from 1045.00 to 1095.00. Exchange shall relax the intra-day price range for the prices of the contract approaching near 500 point

 

 

 

Contract

Parameters

Contract Symbol

DMSU

Underlying

MSCI INDIA (USD, NTR) INDEX

Contract Size

50

Notional Contract Value

(Price * Contract Size) in USD

Trading Currency

USD

Settlement Currency

USD

Price Quote

Underlying price expressed in USD ((example: Bid: 535.50 / Ask 536.25)

Tick Size

0.25

Tick Value

USD 12.5

Settlement Basis

Cash Settled

Final Cash Settlement Price

Based on the closing price of the MSCI (USD, NTR) index as published by MSCI Inc. on the Last Day of Trading rounded off to the nearest tick

Last Day of Trading*

Third Friday of the contract Month. If it is a holiday in India or in the UAE, then the immediate preceding Business Day.

Trading Days

Monday through Friday

Trading Hours

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

Trading Months

Three consecutive serial months, 4 quarterly month and 1 calendar spread between first month and second month.

New Contract Listing

Business Day immediately following the Last Trading Day

Max Order Size

200 Lots

Initial Margin based on SPAN

(Based on SPAN, subject to change from time to time)

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limit** See Note 2

Note1*: On the last trading day the expiring contract will be disabled from trading at 14:00 Hours Dubai time (GMT +4)

 

Note 2**: For the avoidance of ‘fat finger’ errors price band shall be 15 points from previous settlement price e.g. if previous settlement price is 540.00, the price band is from 525.00 to 555.00. Exchange shall relax the intra-day price range for the prices of the contract approaching near 15 point