Contract Specifications Facebook Future
Underlying Facebook Equity
Trading hours Monday to Friday
Session 1 : 04:30:00 Hours to 17:00:00 Hours,
Session 2 : 17:00:01 Hours to 02:30:00 Hours
Size of the Contract 50 Index Point
Quotation Underlying Equity price expressed in USD (e.g. Bid 115.02 / Ask 115.04)
Minimum Price Movement (Tick Size) USD 0.02
Available Contracts First two (2) serial months and 1 calendar spread
Settlement Mechanism Cash settled in USD
Contract Value The contract value shall be = (Quoted Price*50) USD
Daily Settlement Price Calculated on the basis of the last half an hour volume weighted average price

In the absence of last half an hour trading, volume weighted average futures price of trades in the entire day, subject to a minimum of 5 trades in the day will be taken for the computation
Last Trading Day/Final Settlement Day Third Friday of the Calendar Month
Settlement Daily Settlement: The daily contracts for each session would be settled as follows:
Trading Session1 - 04:30:00 Hours to 17:00:00 Hours - Settlement on next working day by 08.00 Hours
Trading Session2 - 17:00:01 Hours to 02:30:00 Hours – Settlement on the same day by 16.30 Hours

Final Settlement: Along with daily settlement cycle for the respective contracts
Final Settlement Price Official closing price of the DGCX Facebook INC Future Contract on expiry date
Position limits
  • Position limits for stock brokers (Trading Members): No Limit
  • Position limits for Clients: No Limit
Price Bands Initial Price Band will be +/-10%.
Relaxation upto 15% after breaching 10% limit
Relaxation by 5% and thereafter continue in multiple of 5%
Risk Management The margins shall be collected in USD
Initial Margin Initial Margin would be calculated using SPAN; the margining framework of India ICC shall be compliant with the PFMI including a margin model that provides coverage of at least a 99% single-tailed confidence interval of the estimated distribution of future exposure. India ICC shall conduct daily stress testing, back testing and reverse stress testing for credit risk to ascertain the impact of failures of members and adequacy of its financial resources in meeting any shortfall arising out of such failures
Extreme Loss Margin The clearing corporation may impose an extreme loss margin to provide additional risk coverage. The extreme loss margin shall be deducted from the liquid assets of the clearing member on an online, real time basis
Real-Time Computation The computation of worst scenario loss would have two components. The first is the valuation of the portfolio under the various scenarios of price changes. At the second stage, these scenario contract values would be applied to the actual portfolio positions to compute the portfolio values and the initial margin. The scenario contract values shall be updated at the start of the business day, then every 1.5 hours and finally at the end of the business day. The latest available scenario contract values would be applied to member/client portfolios on a real time basis
Mark-to-Market (MTM) Settlement The MTM settlement shall be done at least twice in a business day, at settlement times as specified by the clearing corporation from time to time