AS Chakravarthy NCFM Course in Hyderabad: Stock Futures Contract

AS Chakravarthy : NCFM Course in Hyderabad: Stock Futures Contract

AS Chakravarthy Technical Analysis Course in Hyderabad

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Contract specification of Stock Futures Contract

Underlying Individual Securities
Exchange of trading National Stock Exchange of India Limited
Security descriptor FUTSTK
Contract size As specified by the exchange

(minimum value Rs.5 lakh)

Price steps Re. 0.05
Price bands Operating range of 20% of the base price
Trading cycle The futures contracts will have a maximum of three month trading cycle – the near month (one), the next month (two) and the far month (three). New contract will be introduced on the next trading day following the expiry of near month contract.
Expiry day The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.
Settlement basis Mark to market and final settlement will be cash settled on T+1 basis.
Settlement price Daily settlement price will be the closing price of the futures contracts for the trading day and the final settlement price shall be the closing price of the underlying security on the last trading day.

Source: www.nseindia.com

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