DGCX Dubai Gold & Commodities Exchange

Transcription

1 GOLD Futures Contract Specification Contract Size Quality Specification Last Day 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 100% benefit is offered on calendar spread positions. Five times the Initial Margin 1 Kg (31.99 troy ounces) 1 Kilogram cast in one bar fineness Names as listed on the DGCX website Names as listed on the DGCX website Names as listed on the DGCX website 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

2 SILVER Futures Contract Specification Contract Size Quality Specification Last Day 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 100% benefit is offered on calendar spread positions. Five times the Initial Margin 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 Names as listed on the DGCX website Names as listed on the DGCX website Names as listed on the DGCX website 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

3 COPPER Futures Contract Specification Contract Size Underlying Asset Quality Specification Last Day Max Open Position Limit 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. Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

4 WTI CRUDE OIL Futures Contract Specification Underlying Asset Contract Size Last Day Price Basis Final Cash Settlement Price Max Open Position Limit Daily Price Movement Limit Cash Settlement Day 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 100% benefit is offered on calendar spread positions. Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

5 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 Monday through Friday Last Day of 10th Day of the Delivery Month New ContractListing First Day after the Last Day 07:00-15:00 Hours Dubai time (GMT+4) 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

6 CURRENCIES Futures Contract Specification Indian Rupee Dollar FX Futures Contract DINR Contract Size 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 Settlement Day 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 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 100% benefit is offered on calendar spread positions Mini Indian Rupee Dollar FX Futures Contract DINRM Contract Size INR 200,000 Monthly contracts for twelve months forward Last Day Two Business Days prior to the last working day of the contract month Settlement Day 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 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 100% benefit is offered on calendar spread positions Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

7 CURRENCIES Options Contract Specification Options on Indian Rupee Dollar FX Futures Contract DINRO Contract Size One DGCX Indian Rupee Futures contract Usually only the nearest contract month options are available except for the last 5 working days before expiry as we would be listing the new contracts 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. The listing of the new option contracts will be five business days prior to the last trading day which is starting from the 21st of January 2015 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 hrs (Dubai Time) Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

8 CURRENCIES Futures Contract Specification Sterling Dollar FX Futures Contract DGBP Contract Size GBP 50,000 March, June, September and December Last Day Two Business days before third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions Five times the Initial Margin Euro-Dollar FX Futures Contract DEUR Contract Size 50,000 March, June, September and December Last Day Two Business days before third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged Five times the Initial Margin Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

9 CURRENCIES Futures Contract Specification Australian Dollar/USD FX Futures Contract DAUD Contract Size AUD 50,000 March, June, September and December Last Day Two Business days before third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions Five times the Initial Margin Canadian Dollar/USD FX Futures Contract DCAD Contract Size CAD 50,000 March, June, September and December Last Day Business day immediately before the third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions Five times the Initial Margin Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

10 CURRENCIES Futures Contract Specification Swiss Franc/USD FX Futures Contract DCHF Contract Size CHF 50,000 March, June, September and December Last Day Two Business days before third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions Five times the Initial Margin Yen Dollar FX Futures Contract DJPY Contract Size 5,000,000 March, June, September and December Last Day Two Business days before third Wednesday of expiry month Settlement Day 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 100% benefit is offered on calendar spread positions At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged Five times the Initial Margin Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

11 CURRENCIES Futures Contract Specification US Dollar- Russian Ruble Futures Contract Contract s DUSDRUB Underlying US Dollar Contract Size USD 50,000 Currency Russian Ruble (RUB) Settlement Currency US Dollars (USD) RUB for 1 USD (e.g. RUB / Per 1 USD) Minimum RUB Tick Value 50 RUB Monday through Friday DGCX Months Quarterly Contracts December, March, June, September, at the outset first three Contracts shall be available for trading. Last Day 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 shall be the following Business Day that is not a bank holiday in either Dubai or Moscow. Business Day immediately following the Last Day of Daily Variation Margin (VM) payment From Currency to Settlement Currency Based on Spot Prices available for USD/RUB at the end of DGCX Final VM payment From Currency to Settlement Currency Based on the USD-RUB fixing issued by Moscow Exchange (MOEX) on the last trading day Final Cash Settlement Price Basis Based on the USD-RUB fixing issued by MOEX on the last trading day Settlement Basis Cash Daily Price Movement Limit No price limit (for the avoidance of fat finger errors price band shall be 1.00 RUB from previous settlement price e.g. if previous settlement price is RUB /US$ then the price band is from to ) Maximum Order Size 500 lots for Banks and Institutions promoted by Banks All other entities 200 lots 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. At the outset, Initial Margin shall be RUB 120,000 subject to change. Indicative VM Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/RUB DCCC shall update the spot rates for USD/RUB intraday for at least 3 times at 0600 hrs, 1500 hrs and End of DGCX Calendar Spread Benefit 100% Calendar Spread benefit At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged Not applicable Spot rate Shall be taken from available market data sources like Bloomberg and Reuters. Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

12 CURRENCIES Futures Contract Specification USD-KRW (US Dollars-Korean Won) Futures Contract Contract s DUSDKRW Underlying US Dollar Contract Size USD 50,000 Currency Korean Won (KRW) Settlement Currency US Dollars (USD) KRW for 1 USD (e.g. KRW / Per 1 USD) Minimum 0.1 KRW Tick Value 5000 KRW Monday through Friday DGCX Months Twelve Monthly Contracts, at the outset first three serial months Contracts shall be available for trading. Last Day The preceding Monday of the third Wednesday of the contract month except where that day is a bank holiday in either Dubai or Seoul, in which case the Last Day of shall be the preceding Business Day that is not a bank holiday in either Dubai or Seoul Business Day immediately following the Last Day of Daily Variation Margin (VM) payment From Currency to Settlement Currency Based on Spot Prices available for USD-KRW at the end of DGCX Final VM payment From Currency to Settlement Currency Based on the USD-KRW fixing issued by Korea Financial Telecommunication & Clearing Corporation (KFTCC) determined by Seoul Money Brokerage Service Limited (SMBSL), issued between 9.00 AM and 3.30 PM Seoul Time Final Cash Settlement Price Basis Based on the USD-KRW fixing issued by KFTCC determined by SMBSL, issued between 9.00 AM and 3.30 PM Seoul Time Settlement basis Cash Daily Price Movement Limit No price limit (for the avoidance of fat finger errors price band shall be 10 KRW from previous settlement price e.g. if previous settlement price is KRW /US$ then the price band is from to )) Maximum Order Size 500 lots for Banks and Institutions promoted by Banks All other entities 200 lots The Initial Margin will be denominated in KRW and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/KRW to display Initial Margin Utilization in USD terms. At the outset, Initial Margin shall be KRW 900,000 subject to change. Indicative VM Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/KRW DCCC shall update the spot rates for USD/KRW intraday for at least 3 times at 0600 hrs, 1500 hrs and End of DGCX Calendar Spread Benefit 100% Calendar Spread benefit At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged Not applicable Spot rate Shall be taken from available market data sources like Bloomberg and Reuters. Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

13 CURRENCIES Futures Contract Specification USD-ZAR (US Dollars-South African Rand) Futures Contract Contract s DUSDZAR Underlying US Dollar Contract Size USD 50,000 Currency South African Rand (ZAR) Settlement Currency US Dollars (USD) ZAR for 1 USD (e.g. ZAR / Per 1 USD) Minimum ZAR Tick Value 50 ZAR Monday through Friday DGCX Months Twelve Monthly Contracts, at the outset first three serial months Contracts shall be available for trading. Last Day The preceding Monday of the third Wednesday of the contract month except where that day is a bank holiday in either Dubai or Pretoria, in which case the Last Day of shall be the preceding Business Day that is not a bank holiday in either Dubai or Pretoria Business Day immediately following the Last Day of Daily Variation Margin (VM) payment From Currency to Settlement Currency Based on Spot Prices available for USD/ZAR at the end of DGCX Final VM payment From Currency to Settlement Currency Based on the USD-ZAR Fixing issued by Reserve Bank of South African on the last trading day Final Cash Settlement Price Basis Based on the USD-ZAR Fixing issued by Reserve Bank of South Africa on the Last Day of Settlement Cash Daily Price Movement Limit No price limit (for the avoidance of fat finger errors price band shall be 0.20 ZAR from previous settlement price e.g. if previous settlement price is ZAR / US$ then the price band is from to ) Maximum Order Size 500 lots for Banks and Institutions promoted by Banks All other entities 200 lots The Initial Margin will be denominated in ZAR and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/ZAR to display Initial Margin Utilization in USD terms. At the outset, Initial Margin shall be ZAR 11,000 subject to change. Indicative VM Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/ZAR DCCC shall update the spot rates for USD/ZAR intraday for at least 3 times at 0600 hrs, 1500 hrs and End of DGCX Calendar Spread Benefit 100% Calendar Spread benefit At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged Not applicable Spot rate Shall be taken from available market data sources like Bloomberg and Reuters. Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

14 S&P BSE SENSEX Futures Contract Specification DBSX Underlying Index S&P BSE Sensex Contract Size 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. Monday through Friday 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

15 MSCI INDIA (INR, PRICE) INDEX FUTURES Contract DMSI Underlying Index MSCI INDIA (INR, PRICE) Contract Size US$ 25 x Index Value Index Value quoted in USD (e.g: /) Minimum 0.5 index points (50 cents) Minimum Tick Value US $12.5 Daily Price Range 15 index points (subject to change) Contract Months Three consecutive serial months, 1 quarterly month and 1 calendar spread between first month and second month. Monday through Friday 07:00-23:30 Hrs. (Dubai Time) Last Day Last Thursday of the Contract Month. If it is a holiday in India or in the UAE, then the immediate preceding Business Day. Business Day immediately following the Last Day of Settlement Basis Cash Final Cash Settlement Price Basis Settled in cash based on the closing price of the MSCI India (INR, PRICE) index as published by MSCI on the Last Day of rounded off to the nearest tick US$ 650 per Contract. (subject to change) Max Open Position Limit As determined by the Exchange from time to time 200 Contracts 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or

16 MSCI INDIA (USD, NTR) INDEX FUTURES Contract DMSU Underlying Index MSCI INDIA (USD, NTR) Contract Size US$ 50 x Index Value Index Value quoted in USD (e.g.: /) Minimum 0.25 index points (25 cents) Minimum Tick Value US $12.5 Daily Price Range 15 index points (subject to change) Contract Months Three consecutive serial months, 4 quarterly months and 1 calendar spread between first month and second month. Monday through Friday 07:00-23:30 Hrs. (Dubai Time) Last Day Third Friday of the Contract Month. If it is a holiday in India or in the UAE, then the immediate preceding Business Day. Business Day immediately following the Last Day of Settlement Basis Cash Final Cash Settlement Price Basis Settled in cash based on the closing price of the MSCI India (USD, NTR) index as published by MSCI on the Last Day of rounded off to the nearest tick. US$ 850 per Contract. () Max Open Position Limit As determined by the Exchange from time to time 200 Contracts 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 Reference herein to DGCX shall mean the DMCC. This publication is for information only and does not constitute an offer, solicitation or