| Symbol |
| 0788GS2030 |
|
0761GS2030 |
|
0679GS2029 |
|
0668GS2031 |
|
| Underlying |
| 07.88% Central Government Security having maturity on
March 19, 2030 |
|
7.61% Central Government Security having maturity on
May 09, 2030 |
|
6.79% Central Government Security having maturity on December 26, 2029 |
|
6.68% Central Government Security having maturity on September 17, 2031 |
|
| Instrument Type |
FUTIRF |
| Unit of trading |
Each futures contract shall represent 2000 underlying bonds of total face value of INR 2,00,000/-. |
| Quotation/Price Quote |
One Bond of face value Rs. 100 |
| Tick size |
0.25 paise or INR 0.0025 |
| Trading hours |
Monday to Friday |
| 9:00 a.m. to 5:00 p.m. |
| Contract trading cycle |
Three serial monthly contracts followed by three quarterly contracts of the cycle March/June/September/December |
| Last trading day |
The expiry / last trading day for the contract shall be the last Thursday of the expiry month. If any expiry day is a trading holiday/ shut period, then the expiry/ last trading day shall be the previous trading day. |
| Price operating range |
+/-3 % of base price
Whenever a trade in any contract is executed at the highest/lowest price of the band, the Exchange may expand the DPR/ dynamic price band for that contract by 0.5% in that direction after 30 minutes after taking into account market trend. However, no more than 2 expansions in the price band shall be allowed within a day. Further, SEBI in consultation with RBI may halt the trading in case of extreme volatility. |
| Position limits |
Client/ Scheme of Mutual Fund Level |
Higher of 3% of total open interest or Rs. 200 crore within the respective maturity bucket |
| Trading Members /FPI Category I & II* /Mutual Fund/Insurance Companies /Housing Finance Companies /Pension Funds |
Higher of 10% of total open interest or Rs. 600 crore within the respective maturity bucket |
| FPI Category I & FPI Category II * |
Higher of 10% of total open interest or Rs. 600 crore within the respective maturity bucket |
| FPI Category III * |
Higher of 3% of total open interest or Rs. 200 crore within the respective maturity bucket |
| Exchange Level Overall |
25% of the outstanding of underlying bond |
| Settlement |
Daily settlement : |
T+1 |
| Final settlement : |
T+1 |
| Mode of settlement |
Cash settled in Indian Rupees |
| Daily Contract Settlement value |
Daily Settlement price(DSP) * 2000 |
| Base price |
Base price for the first day would be theoretical price. On all other days base price would be Daily Settlement Price (DSP) of the contract. |
| Daily settlement price (DSP) |
DSP shall be calculated on the basis of the last half an hour volume weighted average price of such contract. In the absence of last half an hour trading on the Exchange, theoretical futures price shall be considered for computation of DSP. |
| Final settlement price (FSP) |
Final Settlement price will be arrived at by calculating the weighted average price of the underlying bond based on the prices during the last two hours of the trading on NDS-OM. If less than 5 trades are executed in the underlying bond during the last two hours of trading, then FIMMDA price shall be used for final settlement. |