Futures contracts are standardized instruments traded on exchanges that enable users to hedge price risk and/or
take positions on how the underlying will move. USD/INR Futures are traded on NSE and MCX-SX and offer an excellent opportunity to resident individuals and corporates to hedge USD exposures or trade in the currency.
Rupee Interest Rate futures are being introduced in NSE, MCX-SX and BSE.
Futures market provides for hassle-free operations with minimum transaction cost.
Contact us for more information on futures market operations, or call Sonali (9049302043), Vivek Acharya (9833851239)
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OTC MARKET |
CURRENCY FUTURES |
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CONTRACTS |
Customized |
Standard
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UNDERLYING EXPOSURE |
Required |
Not Required |
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PRICE TRANSPARENCY |
Low – bank margins are often difficult to estimate |
High, facilitated by price discovery on electronic screen |
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ACCESS |
Subject to Credit Limits and security
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Subject to cash Margin based on daily MTM value |
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DAILY MTM |
Available only on request |
Available on real-time basis |
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CURRENCY TRADING |
Not permitted to non-bank entities
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No restrictions |
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SETTLEMENT |
Physical Delivery or Cancellation
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Net settled in INR |
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