RTPIndex derivative is a class of derivatives whose value is derived from underlying Index. The NSE IFSC Exchange provides trading in Futures and Options contracts based on Indices. Currently, Derivatives on NIFTY 50, NIFTY Bank, NIFTY Financial Service and NIFTY IT are available for trading. This section provides you with an insight into the Index derivatives product of NSE International Exchange.
Products offered
Contract specifications
| Instrument Type | FUTIDX |
|---|---|
| Underlying Asset | NIFTY 50 Index |
| Symbol | NIFTY |
| Currency | US Dollars |
| Price Quotation | US Dollars per index points |
| Lot Size | US $ 2 X Nifty 50 Index |
| Tick Size | US $ 0.5 |
| Settlement Type | Cash settled |
| Contract Calendar | Monthly expiring contracts for 3 months Quarterly: Three quarterly expiries (March, June, Sept & Dec cycle) |
| Expiry Day | Monthly contracts: Last Thursday of the Expiry Month Quarterly contracts: Last Thursday of the Expiry Quarter |
| Trade timing | Kindly refer to Trading hours for each instrument |
| Expiry day – Expiring Contract | Trading : 6:15 am to 3:30 pm (S1) * (*For latest trading time kindly refer circular) |
| Initial Margin | Based on SPAN |
| Daily Settlement & Final Settlement | kindly refer Clearing and Settlement tab on NSE International Exchange Website |
| Position Limits | Kindly refer to relevant position limits circular |
| Spread contracts | The futures calendar spread contracts (2 legged) offered shall be the permutations of the listed monthly / quarterly contracts |
| Link to specification | Kindly refer to relevant position limits circular |
| Bloomberg Code | JGSA Index Equity |
| Refinitiv Code | 0#GIF |
| Daily Price Limit (DPL) | Operating range of 10% of the base price |