Contract Specifications
Contract Specifications
| Parameters | SX40 Futures |
|---|---|
| Underlying | SX40 |
| Asset Code | SX40 |
| Lot Size | 40 |
| Tick Size | 0.05 |
| Contract Period | 3 Serial Monthly |
| Trading Hours | 09:00 AM to 03:30 PM |
| Last Trading / Expiration Day | Last Tuesday of each contract maturity month |
| Final Settlement | Cash Settlement based on closing price on expiry day |
| Parameters | SX40 Index Options |
|---|---|
| Underlying | SX40 |
| Asset Code | SX40 |
| Lot Size | 40 |
| Tick Size | 0.05 |
| Contract Period | Three serial monthly contracts and three long dated quarterly contracts of the cycle March / June / Sept / Dec and eight half yearly contracts of the cycle Jun / Dec would be introduced simultaneously. Five weekly expiry contracts will be available in Index Options. |
| Premium Quotation | The premium shall be paid in by the buyers in cash and paid out to the sellers in cash on T+1 day. Until the buyer pays in the premium, the premium due shall be deducted from the available Liquid Net Worth on a real time basis. |
| Trading Hours | 09:15 AM to 03:30 PM |
| Exercise Type | European Style |
| Minimum Number of Strikes | Shall have a minimum of 51 strikes (25 in-the-money, 1 At-the-money, 25 out-of-the-money) |
| Strike Price Interval | 100 Index Points |
| Last Trading / Expiration Day | Last Tuesday of each contract maturity month. (Tuesday of the week for weekly contracts) |
| Final Settlement | Cash Settlement based on the closing price of the underlying index on the day of expiry |