Symbol |
CRUDEOIL |
Contract Start Day |
As per the Contract Launch Calendar |
Last Trading Day |
As per the Contract Launch Calendar |
Trading Period |
Mondays through Friday |
Trading Session |
Monday to Friday: 10.00 a.m. to 11.30 / 11.55 p.m. |
Trading Unit |
100 barrels |
Quotation/ Base Value |
Rs. Per barrel |
Maximum Order Size |
10,000 barrels |
Tick Size |
Rs. per barrel |
Initial Margin |
Minimum 4% or based on SPAN whichever is higher |
Extreme Loss Margin |
Minimum 1% |
Additional and/ or Special Margin |
In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions. |
Settlement |
The contract would be settled in cash |