Currency Futures Contract Expiry and Settlement Quiz
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Questions and Answers

When is the expiry day for the trading of the monthly contract?

  • First Monday of the month at 9.00 am
  • Last Friday of the month at 12.30 pm
  • Last business day of the expiry month at 12.30 pm (correct)
  • First day of the expiry month at 3.00 pm

    • What is the final settlement price for USDINR, EURINR, GBPINR, and JPYINR contracts?

  • Last traded price on the expiry day
  • Average of the high and low prices on the expiry day
  • Respective FCY-INR rates
  • FBIL reference rate (correct)

    • What is the expiry day for all monthly stock futures and options contracts?

  • First Friday of the month
  • Last Friday of the month
  • First Thursday of the month
  • Last Thursday of the month (correct)

    • When do the weekly futures and options contracts typically expire?

    <p>Last day of the week i.e., on Friday at 12:30 pm</p> Signup and view all the answers

    How are all stock futures and option contracts settled?

    <p>Physically settled</p> Signup and view all the answers

    How many serial monthly contracts are followed by quarterly contracts in a cycle?

    <p>3 serial monthly contracts followed by 3 quarterly contracts</p> Signup and view all the answers

    Which currency pairs are currency futures contracts traded on in India?

    <p>USDINR, EURINR, and JPYINR</p> Signup and view all the answers

    What is the underlying for the USD-INR currency futures pair?

    <p>Rate of exchange between USD and INR</p> Signup and view all the answers

    Where are interest rate futures and options traded?

    <p>Currency Derivatives segment of the Exchange</p> Signup and view all the answers

    When are interest rate options currently available?

    <p>On single bond GOI securities</p> Signup and view all the answers

    What happens if the last Thursday is a holiday?

    <p>The previous trading day becomes the last trading day</p> Signup and view all the answers

    What happens if less than 5 trades are executed in the underlying bond during the last two hours of trading?

    <p>The FIMMDA/FBIL price will be used for final settlement</p> Signup and view all the answers

    What types of commodities are traded in commodity derivatives?

    <p>Gold, silver, metal, energy, and agricultural goods</p> Signup and view all the answers

    Where are commodity futures and options traded?

    <p>&quot;Commodity Derivatives Segment&quot; of the Exchange</p> Signup and view all the answers

    What are Interest Rate Futures (IRF)?

    <p>Contracts to buy or sell a notional security or interest-bearing instrument at a specified future date</p> Signup and view all the answers

    What is the lot size for single bond futures available on Government of India (GOI) securities?

    <p>2000 bonds at the rate of Rs. 100 per bond</p> Signup and view all the answers

    When is the last trading day for single bond futures available on GOI securities?

    <p>Last Thursday of the expiry month</p> Signup and view all the answers

    What is the final settlement price for single bond futures available on GOI securities based on?

    <p>Value weighted average price of the underlying bond based on the prices during the last two hours of trading on NDS-OM</p> Signup and view all the answers

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