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MSEI > Products > Equity-Derivative

Equity Derivatives

A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. There are several different types of equity derivative; including options, warrants, futures, forwards, convertible bonds, and swaps. Each has its advantages, and each is often used in a particular situation. However, Futures & Options are the most common types of Equity derivatives.

Instrument wise Volume and Turnover
As on 19 Jan, 2018 15:30:00 IST

Product No. of Contracts Traded Value (Rs. in Crores)
Index Futures 0 0.00
Index Options 0 0.00
Stock Futures 0 0.00
Stock Options 0 0.00
F & O Total 0 0.00
Option value calculated as (Premium + Strike Price) x Quantity

Contract Specifications

Description Security Description
Instrument Type FUTSTK OPTSTK FUTIDX OPTIDX
Underlying 121 121 SX40 SX40
Underlying Symbol Symbol of Underlying Stock Futures Symbol of Underlying Stock Options SX40 SX40
Type of Option - Premium styled European Call and Put Options - Premium styled European Call and Put Options
Quotation/Price Quote Price in INR () Price in INR () Price in INR () Price in INR ()
Tick size INR () 0.05 INR () 0.05 INR () 0.05 INR () 0.05
Strike Price Intervals - Depending on underlying price - 100
Contract trading cycle Three contracts of maturity of one-month, two-months and three-months would be introduced simultaneously. Three contracts of maturity of one-month, two-months and three-months would be introduced simultaneously. Three contracts of maturity of one-month, two-months and three-months would be introduced simultaneously. Monthly - 3 serial monthly expiry contracts; Long Dated - 3 quarterly contracts of the cycle March / June / Sept / Dec and next 8 half yearly contracts of the cycle Jun / Dec would be introduced simultaneously.
Trading hours Monday to Friday Monday to Friday Monday to Friday Monday to Friday
9:15 a.m. to 3:30 p.m. 9:15 a.m. to 3:30 p.m. 9:15 a.m. to 3:30 p.m. 9:15 a.m. to 3:30 p.m.
Expiry/ Last trading day Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day will be the previous trading day. Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day will be the previous trading day. Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day will be the previous trading day. Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day will be the previous trading day.
Exercise at Expiry - All in-the-money open long contracts shall be automatically exercised at the Final Settlement Price (FSP). - All in-the-money open long contracts shall be automatically exercised at the Final Settlement Price (FSP).
Permitted Lot Size Underlying specific Underlying specific 35 lots 35 lots
Mode of settlement Cash settled in Indian Rupees Cash settled in Indian Rupees Cash settled in Indian Rupees Cash settled in Indian Rupees
Daily Settlement T+0 or T+1 - T+0 or T+1 -
Settlement of Premium - The premium shall be paid in by the buyers in cash and paid out to the sellers in cash on T+1 day. Until the buyer pays in the premium, the premium due shall be deducted from the available Liquid Net Worth on a real time basis. - The premium shall be paid in by the buyers in cash and paid out to the sellers in cash on T+1 day. Until the buyer pays in the premium, the premium due shall be deducted from the available Liquid Net Worth on a real time basis.
Final settlement T+1 T+1 T+1 T+1
Operating Range/ Price Band Operating range of 10% of the base price There will be no daily circuit filter or price band applicable for stock options contracts. However, in order to prevent erroneous order entry, Exchange has put in place Operating Range, calculated based on Theoretical price of option, beyond which the order will be rejected by the system. The operating range of the option contracts may be modified at the discretion of the Exchange and / or based on request received from members. Operating range of 10% of the base price There will be no daily circuit filter or price band applicable for index options contracts. However, in order to prevent erroneous order entry, Exchange has put in place Operating Range, calculated based on Theoretical price of option, beyond which the order will be rejected by the system. The operating range of the option contracts may be modified at the discretion of the Exchange and / or based on request received from members.