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SGX INR/USD FX Futures
CONTRACT SPECIFICATIONS
| SGX INR/USD FX Futures | |
|---|---|
| Product Type | Futures |
| Product Category | Listed FX |
| Ticker Symbol | IU |
| Contract Size | INR 2,000,000 |
| Minimum Price Fluctuation | 0.010 US cents per 100 Rupees |
| Contract Months | 12 monthly |
| Tick Value | USD 2 |
Trading Hours (Singapore Time) |
T Session: Pre - Opening: 7.10 am - 7.23 am Non - Cancel: 7.23 am - 7.25 am Opening: 7.25 am - 7.30 pm Pre - Closing: 7.30 pm - 7.34 pm Non - Cancel: 7.34 pm - 7.35 pm T + 1 Session: Pre - Opening: 7.40 pm - 7.48 pm Non - Cancel: 7.48 pm - 7.50 pm Opening: 7.50 pm - 5.15 am Pre - Closing: NA Non - Cancel: NA |
| Trading Hours on Last Day | 7.25 am – 2.35 pm |
| Last Trading Day | 2 business days prior to the last business day of the contract expiry month |
| Daily Price Limits | Nil |
| Settlement Basis | Cash settlement (USD) |
Final Settlement Price |
Equal to the reciprocal of the RBI USD/INR spot exchange rate, or such publicly available equivalent successor rate that is determined by SGX-DT, on the Last Trading Day, multiplied by 10,000 to convert such spot exchange rate to United States Cents per 100 Indian Rupees, rounded to 3 decimal places. |
Position Accountability lity / Position Limit |
Position limit is not applicable to this contract. However, a person owning or controlling more than the equivalent of 5,000 futures contracts net long or net short in all INR/USD Standard Futures, FlexC Futures and Options contract months combined, or such position as the Exchange may prescribe from time to time with prior notification, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable. |
| Negotiated Large Trade | Minimum 30 lots (Min. price fluctuation: 0.001 US cents per 100 Rupees) |
| Bloomberg Ticker Code | XIDA<CURNCY>CT |
| Refinitiv Ticker Code | 0#SDIU: |
