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Transaction Charges
Members are advised to take the latest contract.gz, spd_contract.gz, security.gz and
fo_participant.gz files from NSE EXTRANET, directory:/faoftp/faocommon before start of
trading on April 30, 2010. A detailed list of new contracts being introduced for trading (file name:
CONTRACT29042010.CSV) will be available on the path faoftp/faocommon/contracts on April
29, 2010 after market hours.
Suprabhat Lala
Asst. Vice President
Contract Information
GOLDBEES Futures contracts shall be contracts based on Benchmark Mutual Fund – Gold
Benchmark Exchange Traded Scheme.
(b) Underlying
Underlying for the GOLDBEES Futures contracts shall be the GOLDBEES underlying traded in
Cash Segment of the Exchange.
The security descriptor for the GOLDBEES Futures contracts shall be:
Market type :N
Instrument Type : FUTETF
Symbol : GOLDBEES
Expiry date : Date of Contract Expiry (Last Thursday of the month)
Last Trading Day: One trading day prior to expiry day
(d) Trading cycle
In pursuance of the Trading Regulations of the Exchange, it is hereby notified that GOLDBEES
Futures contracts shall expire on the last Thursday of the month. If the last Thursday is a trading
holiday, the contracts shall expire on the previous trading day.
Last trading day with respect to futures contracts of GOLDBEES shall be the last Wednesday of
the month (i.e. one trading day prior to the expiry day of the month).
The spread contracts on GOLDBEES futures shall be available for Near-mid months and Mid-Far
months expiry combinations.
Trading Parameters
In pursuance of Trading Regulations of the Exchange, the following trading parameters and order
attributes are specified:
The permitted lot size for the GOLDBEES futures contracts shall be 125 units and multiples
thereof.
The price steps in respect of all GOLDBEES futures contracts admitted to dealings on the
Exchange shall be Re.0.05.
(d) Quantity Freeze
Orders which may come to the Exchange as a quantity freeze shall be the lesser of the following:
The quantity freeze limits shall be based on number of contracts arrived at by dividing the above
by market lot and rounding off the number of contracts to the nearest 10 contract on the higher
side. The number of contracts thus arrived at would be multiplied by the market lot to arrive at the
final freeze quantity. In respect of such orders which have come under quantity freeze, the
member is required to confirm to the Exchange that there is no inadvertent error in the order entry
and that the order is genuine. On such confirmation, the Exchange, at its discretion, may approve
such order subject to availability of turnover/exposure limits, etc.
Base price of the Futures Contracts on introduction of new contracts shall be the theoretical price.
The base price of the contracts on subsequent trading days will be the daily settlement price of the
respective futures contracts.
There shall be no daily price bands applicable for futures contracts. However in order to prevent
erroneous order entry by members, operating ranges will be kept at +/-20% of the base price of
contracts. The orders beyond the price range come under price freeze. In respect of all the orders
which have come under price freeze, exchange shall suo motto cancel these orders.
The operating range for spread contracts shall be 1% of the reference price of the first leg
contract.
Trading members will be permitted to modify trades with respect to Client Codes.
Requests for trade cancellation, if any, permitted by the Exchange will be allowed on the same
trading day during the Normal Market Hours.