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A futures contract is a standardized contract, traded on an exchange, to buy or sell a certain underlying asset or an instrument at a certain date in the future, at a specified price.
What is an Option?
A Currency Option is an option, but not an obligation to buy or sell currency during a specified time period at a specified price The price or value of the option is called the premium Two different Options: 1. 2. Call Option Put Option
Product Features
Minimum Amount Required to open an account is Rs. 10,000 Now Terminal will be available for online trading Trading in Currency options are also available Tick size is 0.0025 1 lot = 1000 units
Margin Detail
Currencies traded USD - INR Lot size 1000 *Margin % 2.27% CMP Liquid contracts 44.73 May,June Margin Amount 1015.371
GBP - INR
1000
2.50%
73.9 May,June
1847.5
EUR - INR
1000
2.34%
66.45 May,June
1554.93
JPY - INR
100000
3.81%
0.5555 May,June
2116.455
Future Contracts
Future Contracts are exchange-traded and, therefore, are standardized contracts. Its being traded on NSE,MCX and USE platform Futures contracts are marked-to-market daily, which means that daily changes are settled day by day until the end of the contract. Lesser brokerage is charged on hedging or speculation by brokers Global accessibility to the market on terminal provided by the exchanges All futures contracts are settled using cash, NOT the delivery of the commodity/asset. Initial margin payment is needed. This contract is standardized to the needs of the customers. Client can square off his position anytime before the expiry of contract
Most of forward contracts are settled with delivery or receipt of the asset Usually no initial payment is required. This contract is customized to the needs of the customers. Once the contract has been made, it is very difficult to undo it till the expiry date is over.
If client wants to buy one lot then gain\Loss as per below mentioned contracts will be : Forward Price Future Price Brokerage @ 3% Future price Min brokerage charged Difference (Forward price Future price) -0.00440 0.01000 Difference per 1000 lots in Rs. -4.4 10
46.2181 46.4725
46.2125 46.4525
0.004621 0.004645
46.22 46.46
0.01 0.01
46.75
46.7225
0.004672
46.73
0.01
0.01750
17.5
If client wants to sell one lot then gain\Loss as per below mentioned contracts will be :
Forward Price Future Price Brokerage @ 3% Future price Min brokerage charged Difference (Forward price Future price) -0.01680 -0.00750 0.00000 Difference per 1000 lots
-16.8 -7.5 0