| Instrument Type |
FUTIRC |
| Symbol |
768GS2023 |
668GS2031 |
726GS2029 |
795GS2032 |
727GS2026 |
757GS2033 |
645GS2029 |
| The symbol shall denote coupon, type of bond and Maturity Year. |
| The symbol shall denote coupon, type of bond and Maturity Year. For example 7.68% Central Government Security having maturity on December 15, 2023 shall be denoted as 768GS2023 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 6.68% Central Government Security having maturity on September 17, 2031 shall be denoted as 668GS2031 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 7.26% Central Government Security having maturity on January 14, 2029 shall be denoted as 726GS2029 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 7.95% Central Government Security having maturity on August 28, 2032 shall be denoted as 795GS2032 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 7.27% Central Government Security having maturity on April 08, 2026 shall be denoted as 727GS2026 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 7.57% Central Government Security having maturity on June 17, 2033 shall be denoted as 757GS2033 |
The symbol shall denote coupon, type of bond and Maturity Year. For example 6.45% Central Government Security having maturity on October 07, 2029 shall be denoted as 645GS2029 |
| Underlying |
Futures contracts based on 7.68% Central Government Security having maturity on December 15, 2023 |
Futures contracts based on 6.68% Central Government Security having maturity on September 17, 2031 |
Futures contracts based on 7.26% Central Government Security having maturity on January 14, 2029 |
Futures contracts based on 7.95% Central Government Security having maturity on August 28, 2032 |
Futures contracts based on 7.27% Central Government Security having maturity on April 08, 2026 |
Futures contracts based on 7.57% Central Government Security having maturity on June 17, 2033 |
Futures contracts based on 6.45% Central Government Security having maturity on October 07, 2029 |
| Market Type |
N |
| Unit of trading |
1 lot - 1 lot is equal Rs. 2 lakhs face value of GOI securities equivalent to 2000 units. |
| Quotation |
Similar to the quoted price of GOI security |
| Contract Value |
Quoted price * 2000 |
| Tick size |
Rs.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 |
| Spread Contract |
Near-Mid, Near-Far & Mid-Far |
| All spread orders shall be placed in terms of price difference only. |
| Last trading day |
Last Thursday of the month. In case the last Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day |
| Quantity Freeze |
1251 lots or greater i.e. orders having quantity up to 1250 lots shall be allowed. |
| Base price |
Theoretical future price of the 1st day of the contract. |
| On all other days, daily settlement price of the contract |
| Price operating range |
+/-3 % of the base price |
| (Whenever a trade in any contract is executed at the highest/lowest price of the band, Exchange may expand the price band for that contract by 0.5% in that direction after 30 minutes after taking into account market trend. Price band may be relaxed only 2 times during the day) |
| Daily Settlement |
Daily MTM settlement on T+1 in cash based on daily settlement price |
| Final Settlement |
Final settlement on T+1 day in cash based on final settlement price |
| Daily Settlement Price |
Volume Weighted Average Futures Price of last half an hour across exchanges or Theoretical price. |
| Final Settlement Price |
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 |
