Contract Specifications

Global Indices Derivatives - Contracts Specifications
FTSE 100

Equity Derivatives
Parameter Index Futures Index Options Futures on Individual Securities Options on Individual Securities Long Term Index Options
Underlying 7 indices 7 indices 206 securities 206 securities Nifty 50
Security Descriptor:
Instrument FUTIDX OPTIDX FUTSTK OPTSTK OPTIDX
Underlying Symbol Symbol of Underlying Index Symbol of Underlying Index Symbol of Underlying Security Symbol of Underlying Security NIFTY
Expiry Date DD-MMM-YYYY DD-MMM-YYYY DD-MMM-YYYY DD-MMM-YYYY DD-MMM-YYYY
Option Type - CE / PE - CE / PE CE / PE
Strike Price - Strike Price - Strike Price Strike Price
Trading Cycle 3 month trading cycle - the near month (one), the next month (two) and the far month (three) Three quarterly expiries (March, June, Sept & Dec cycle) and next 8half yearly expiries (Jun, Dec cycle)
Expiry Day Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day is the previous trading day.
Strike Price Intervals - Depending on underlying price - Depending on Underlying volatility* Depending on underlying price
Permitted Lot Size Underlying specific Underlying specific Underlying specific Underlying specific Underlying specific
Price Steps Rs.0.05 Rs.0.05 Rs.0.05 Rs.0.05 Rs.0.05
Price Bands Operating range of 10% of the base price A contract specific price range based on its delta value is computed and updated on a daily basis Operating range of 10% of the base price A contract specific price range based on its delta value is computed and updated on a daily basis A contract specific price range based on its delta value is computed and updated on a daily basis

* w.e.f April 1, 2013