DGCX Dubai Gold & Commodities Exchange

Transcription

1 GOLD Futures Contract Specification Quality Specification Last Day Days Hours Delivery related information Delivery Unit Deliverable Weight Deliverable Quality Approved CMI / Assayers Approved Refiners Approved Vaults Delivery Period Notice Day Delivery Process Vault charges Delivery Instrument Option for Cash Settlement DG 32 troy ounces (1 kg) purity, as per Dubai good delivery standard February, April, June, August, October and December Third last business day of the month preceding the Delivery Month US$ and cents per troy ounce US$ 0.10 (US$ 3.2 per contract) 200 contracts. 1 Kg (31.99 troy ounces) 1 Kilogram cast in one bar fineness First day of the delivery month Last Day of trading of the Delivery Month The Matching of Buyers and Sellers fo Gold delivery will be completed on a time priority basis upon receipt of thier Tendar/ Delivery Notices Rates applicable as published on the DGCX website Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only) Open Positions that have not been closed out on the Last Day of are subject to cash settlement as per gold cash settlement price declared by the Exchange

2 SILVER Futures Contract Specification Quality Specification Last Day Days Hours Delivery related information Delivery Unit Deliverable Weight Deliverable Quality Approved CMI / Assayers Approved Refiners Approved Vaults Delivery Period First Notice Day Last Notice Day Delivery Process Vault charges Delivery Instrument Option for Cash Settlement Silver Cash Settlement Price DS 1,000 troy ounces Min purity, as per Dubai good delivery standard March, July, September and December Fifth delivery day of the delivery month US$ quoted in Cents per troy ounce US$ Cents 0.5 (US$ 5 per contract) 200 contracts. 30 Kg 30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less) Minimum fineness. If Silver of higher fineness is delivered, no premium shall be paid First through to fifth business day of the delivery month Business day immediately preceding first delivery day Business day immediately preceding fifth delivery day The Matching of Buyers and Sellers fo Silver delivery will be completed on a time priority basis upon receipt of thier Tendar/ Delivery Notices Rates applicable as published on the DGCX website Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only) Open Positions that have not been closed out on the Last Day of are subject to cash settlement as per silver cash settlement price declared by the Exchange Silver cash settlement price shall be the London Silver Fixing Price of The London Silver Market Fixing Ltd published by the London Bullion Market Association on the last day of trading

3 WTI CRUDE OIL Futures Contract Specification Underlying Asset Last Day Price Basis Final Cash Settlement Price Days Hours Max Open Position Limit Daily Price Movement Limit Cash EFP/EFS/Block Trades Time Limit for EFP/EFS/Block Trade Registration DWTI DGCX West Texas Intermediate Light Sweet Crude Oil Futures 1,000 barrels (42,000 gallons) 12 consecutive months plus 10 contract months consisting of June and December months will be listed for an additional five calendar years Last Day of shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of US Dollars and Cents per barrel US$ 0.01 per barrel (US$ 10 per contract) Cash Only Settlement Contract The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of of the DGCX front month contract 500 contracts No limits No limits* The Business Day following the last day of trading As per DGCX By-Laws. Minimum Block size permitted is 200 contracts. Up to 15 minutes after cessation of trading on any trading day * There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 5 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 5 limit.

4 POLYPROPYLENE Futures Contract Specification Underlying Polypropylene Unit ( 1 lot) 5 metric tonnes per contract Quality Specification General Purpose Fibre (raffia) extrusion grade Parameter Test Method Values Melt Flow Rate (g/10min 230C/2.16 kg) ISO Tensile Yield Stress ISO Minimum FDA Status 21CFR (c) 1.1 Compliant EU Food Contact Status EU Directive //EC and its amendments Compliant Dubai World Central or Jebel Ali Free Trade Zone Delivery Material must be free from contaminants and consistent with industry best practice Material must be free flowing clean cut pellets suitable for use in both volumetric and gravimetric feeders Without Additives other than the producer s standard anti-oxidant and acid neutralizer package Months Up to 12 calendar months at any one time Days Monday through Friday Last Day of 10th Day of the Delivery Month New ContractListing First Day after the Last Day Hours with minimum permitted block size of 50 lots USD per MT Minimum Tick USD 1.00 Minimum Tick Value USD 5.00 Calendar Spread Calendar Spread of Jan-May, May-Sep and Sep-Jan will be available for trading Delivery Type & Minimum Compulsory Delivery. In Multiples of 5 lots on both Buyers and Sellers. Note 1* Delivery Unit Price Basis In warehouse (INWH), Duty unpaid at DGCX Approved Warehouse Delivery at Seller's option First Notice Day 1st Day of the Delivery Month Delivery Day Two Business Days after Notice Day Daily Price Limit No Limit Note 2* 10 times of the Initial Margin 100% benefits is offered on calendar spread positions Delivery Instrument Warrant Last Notice Day Last Day of Delivery Notices During the Notice Day, Sellers must submit Delivery Notice, indicating: Clearing Member, Member and Client code The Contract(s) against which delivery is to be made (including the number of lots making up the parcel(s)) In respect of each parcel, the Warrant reference, or, as a minimum: o the delivery location o the details of the lot to be delivered o such other information as may be prescribed Delivery Tolerance Weight tolerance of +/-0.8% on standard Delivery Unit of tonnes The net weight and number of torn bags within each lot shall be documented Note 1*: The delivery will be in multiple of 5 lots. Open positions less than Delivery Units on both sellers and buyers will be financially settled using the Final Settlement Price. Should one side fulfil the minimum Delivery Unit while the counterparty did not meet the minimum Delivery Unit, it will be financially settled using the Final Settlement Price. Note 2*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$50 as compared to the previous closing price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit

5 CURRENCIES Futures Contract Specification Sterling Dollar FX Futures Contract DGBP GBP 50,000 Last Day Two Business days before third Wednesday of expiry month US$ quoted in Cents per GBP US$ per GBP (US$ 5 per contract) 500 Lots for Banks and institutions promoted by Banks. All other entities 200 Lots Days Hours Euro-Dollar FX Futures Contract DEUR 50,000 Last Day Two Business days before third Wednesday of expiry month US$ quoted in Cents per US$ per (US$ 5 per contract) 500 Lots for Banks and institutions promoted by Banks. All other entities 200 Lots Days Hours At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

6 CURRENCIES Futures Contract Specification Indian Rupee Dollar FX Futures Contract DINR INR 2,000,000 Monthly contracts for twelve months forward Last Day Two Business Days prior to the last working day of the contract month The Business Day immediately following the last day of expiring contract day immediately following the last trading day of expiring contract US$ quoted in Cents per INR 100 Indian Rupees ( e.g / US$ Cents per 100 Indian Rupees) US$ per INR (US$ 2 per contract) 500 Lots for Banks and institutions promoted by Banks. All other entities 200 Lots Days Hours Cash Settlement Price Basis Open Positions at expiry of contract shall be settled in US Dollars as per the Daily Settlement Price (DSP) declared by the Exchange. The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date Mini Indian Rupee Dollar FX Futures Contract DINRM INR 200,000 Monthly contracts for twelve months forward Last Day Two Business Days prior to the last working day of the contract month The Business Day immediately following the last day of expiring contract day immediately following the last trading day of expiring contract US$ quoted in Cents per INR 100 Indian Rupees ( e.g / US$ Cents per 100 Indian Rupees) US$ per INR (US$ 0.2 per contract) 500 Lots for Banks and institutions promoted by Banks. All other entities 200 Lots Days Hours Cash Settlement Price Basis Open Positions at expiry of contract shall be settled in US Dollars as per the Daily Settlement Price (DSP) declared by the Exchange. The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date

7 CURRENCIES Futures Contract Specification Australian Dollar/USD FX Futures Contract DAUD AUD 50,000 Last Day Two Business days before third Wednesday of expiry month US$ quoted in Cents per AUD US$ per AUD (US$ 5 per contract) 500 Lots for Banks and Institutions promoted by Banks. All other entities 200 Lots Days Hours Canadian Dollar/USD FX Futures Contract DCAD CAD 50,000 Last Day Business day immediately before the third Wednesday of expiry month US$ quoted in Cents per CAD US$ per CAD (US$ 5 per contract) 500 Lots for Banks and Institutions promoted by Banks. All other entities 200 Lots Days Hours

8 CURRENCIES Futures Contract Specification Swiss Franc/USD FX Futures Contract DCHF CHF 50,000 Last Day Two Business days before third Wednesday of expiry month US$ quoted in Cents per CHF US$ per CHF (US$ 5 per contract) 500 Lots for Banks and Institutions promoted by Banks. All other entities 200 Lots Days Hours Yen Dollar FX Futures Contract DJPY 5,000,000 Last Day Two Business days before third Wednesday of expiry month US$ quoted in Cents per 100 US$ per (US$ 5 per contract) 500 Lots for Banks and institutions promoted by Banks. All other entities 200 Lots Days Hours At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

9 CURRENCIES Options Contract Specification Options on Indian Rupee Dollar FX Futures Contract DINRO One DGCX Indian Rupee Futures contract The nearest three (3) Contract Months Maximum Daily Price Fluctuation No Daily Limit Style of Option European Last Day Last Day for INR options shall be two (2) Business Days prior to the Last Day of of the month. (Same as the INR Futures) If the Last Day of falls on an Exchange holiday, Last Day shall occur on the previous business day. If the Last Day of for underlying INR Futures is amended for any reason, the Last Day for INR Options will be amended accordingly. Business Day immediately following the Last Day of US Dollars in Cents per 100 Indian Rupees US$ per INR or US$ 2 per tick Exercise of Options On the Last Day of, all in-the-money options are exercised automatically against the Final Cash Settlement Price All out-of-the-money options automatically expire worthless and will not be exercised. Strike Prices For each INR Option series, there shall be an INR option chain with a strike interval of INR 0.25 converted into US cents equivalent in 2 decimal points. At the outset, INR option chain will initially be available at an interval of INR 5 from the at the money strike converted into US cents equivalent in 2 decimal points. At all times there will be a minimum of 3 in-the-money, 1 at-the-money and 3 out-of-money options available. Once the settlement price reaches close to the lower end or higher end of the INR option chain, additional option strikes will be introduced for a minimum INR 5.00 with an interval of INR 0.25 converted into US cents equivalent in 2 decimal points. Position Limit To be determined by the Exchange Margin Requirement Buyer pays full premium, while the Seller is margined on SPAN basis Days Hours hrs (Dubai Time)

10 COPPER Futures Contract Specification Underlying Asset Quality Specification Last Day Max Open Position Limit Days Hours Months EFP / EFS/Block Trades Time Limit for EFP/EFS/Block Trade Registration Daily Price Movement Limit No Limit - Note 1* DCU 5 MT DGCX Copper Futures Grade 1Electrolytic Copper Cathodes (full plate or cut) conforming to the American Society for Testing and Materials (B11500-), or its latest revision Third last Business Day preceding the Delivery Month Business Day immediately following the Last Day of US dollars per MT US$ 0.50 per MT (US$ 2.50 per contract) 200 contracts As determined by the Exchange from time to time March, May, July, September, December. Minimum five (5) Contracts shall be listed for trading at all time As per DGCX By-Laws - Minimum Block size permitted is 200 contracts Up to 15 minutes after cessation of trading on any Day Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 150 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 150 limit.

11 S&P BSE SENSEX Futures Contract Specification DBSX Underlying Index S&P BSE Sensex 1 S&P BSE Sensex 1 S&P BSE Sensex Futures quoted in US Dollars Minimum 1 S&P BSE Sensex Index point (for eg: 19999, 20000, etc.) Minimum Tick Value US $1 Daily Price Band range 200 index points (for eg: ) Final Cash Settlement Price basis Official closing price of the S&P BSE Sensex as published by BSE on the Last Day of rounded to the nearest whole number. Contract Months First 3 serial months (current month, 2nd and 3rd months) and 1 calendar spread Contract between current month and subsequent 2nd serial months. Days Monday through Friday Hours hrs (Dubai Time) Last Day Last Thursday of the Contract month. If it is a holiday in Mumbai, India or Dubai, UAE, then the immediate preceding Business Day. Business Day immediately following the Last Day of Block Trades Minimum Block size permitted is 50 Contracts Time Limit for Block Trade Registration Up to 15 minutes after cessation of trading on any Day. Max Open Position Limit As determined by the Exchange from time to time 200 Contracts