Contract Specifications

Contract Specifications For Currency Futures
Underlying	USD/INR	EUR/INR	GBP/INR	JPY/INR
Exchange	NSE and MCX-SX
Contract Lot Size	Minimum Lot Size = USD 1000	Minimum Lot Size= Eur 1000	Minimum Lot Size= GBP 1000	Minimum Lot Size= JPY 100000
Tick Size (Minimum Price Fluctuation)	rs.0.0025 or 0.25paise
Last Trading Day	Two Working days prior to the last business day of the expiry month at 12:15pm.
Final settlement day	Last working day(excluding Saturday) of the expiry month. The last working day will be the same as that for interbank
Calendar spread	Rs.600/- per contract	rs.600/-per contract	rs.600/- per contract	rs.600/- per contract
Symbol/Price quotations	USDINR/Rs. Per USD	EURINR/RS. Per EUR	GBPINR/Rs. Per GBP	JPYINR/Rs. Per YEN
Margin	1.75% on first day & 1% thereafter	1.75% on first day & 1% thereafter	1.75% on first day & 1% thereafter	1.75% on first day & 1% thereafter
Tenor of conract	Maximum 12 Months
Available Contracts	Monthly
Settlement	Daily Settlement: T+1, Final Settlement: T+2
Settlement Mechanisms	Cash Settled in INR
Daily Settlemnet Price	Calculated on the basis of the last half an hour weighted average price
Final settlement price	RBI Reference Rate on last trading day.

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