NISM Series XIII Common Derivatives Certification Exam Notes
Page 126 Of 303
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Lot Size:For USDINR, 1000 USD; for JPYINR, 100,000 JPY.
Contract Value:Futures price × lot size.
Trading Hours:9:00 a.m. to 5:00 p.m. for INR contracts; up to 7:30 p.m. for cross currency; expiry day ends at 12:30 p.m.
Base Price:Theoretical price initially; later, previous day’s daily settlement price.
Price Band:Operating range ±3% or ±5% of base price; relaxed in steps.
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