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Equities

Equities

Equities

ACC LTD

Contract Parameters
DGCX Contract Symbol DACC
Underlying Equity ACC LTD
Underlying Country India
Contract Size 5
Notional Contract Value (Price * Contract Size) in USD
Trading Currency USD
Settlement Currency USD
Price Quote Underlying Equity price expressed in USD (example: Bid: 1808 / Ask 1808.05)
Minimum Tick Size 0.05
Tick Value USD 0.25
Settlement Basis Cash Settled in USD
Final Cash Settlement Price Based on the market closing price of the underlying on the Last day of Trading in the home market (source: public domain)
Trading Days Monday through Friday
Trading Hours 0700 hrs. - 2355 hrs. Dubai time (GMT+4)
Trading Months First three (3) serial months and 2 calendar spread
Last Trading Day ** Last Thursday of the Calendar Month
New Contract Listing Business Day immediately following the Last Trading Day
Wholesale Trades Minimum permitted block size is 100 lots
Max Open Position Limit As determined by exchange from time to time
Max Order Size 1,000 lots
Initial Margin based on SPAN Based on SPAN, subject to change from time to time
Calendar Spread Margin 100% benefit is offered on calendar spread positions
Daily Price Movement limit No Limit, Note 1*
Note 1*: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 1808, the price band is USD 90.4 i.e. from (USD 1717.60 to USD 1898.40). Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit.  
Note 2 : In case of specific Corporate Action the Exchange may affect an early Cash Only Settlement of all existing Contracts on the relevant SSF on the last Cum-Date in relation to the Corporate Action as provided in DGCX By-Laws S.3.  
Note 3**: On the Last Trading Day the expiring contract will be disabled from trading at 14:00 hours Dubai Time (GMT+4).