Contract Specification
S&P BSE SENSEX
हिन्दी     मराठी     ગુજરાતી


Futures Contracts on Foreign Indices
1) FTSE / JSE Top40 Futures
Security Symbol ALS
Underlying Corresponding FTSE / JSE Top40 Futures Contracts
Contract Multiplier 10
Contract Period BSE Contracts - Corresponding contracts to the home exchange
JSE Contracts - Quarter calendar months - March, June, September and December.
Tick Size Re. 1
Trading Hours 9 .15 a.m to 3.30 p.m (IST)
Last Trading/Expiration Day "LTD" is the third Thursday of trading month. If it is a holiday either in India or in South Africa, then the immediately preceding business day (which is not a holiday in either India or South Africa). Trading will continue till 03:30 pm Mumbai time on the 'LTD'.
Daily Settlement The Index Futures Contract shall be marked to market on a daily basis and settled in cash on T + 1 day. Daily settlement price = Volume - Weighted average price of all the trades in last half an hour of the continuous trading session at the Exchange (BSE).

If there are no trades during the last half an hour, then the Theoretical Price shall be taken as the closing price. Here, Theoretical price = Latest Available Opening Price of the Corresponding FTSE / JSE Top40 Futures contracts at the Home Exchange * [1 + {No. of days to expiry * risk free interest rate / 365}]




2) Hang Seng Index Futures
Security Symbol HSI
Underlying Corresponding HANG SENG Index Futures Contract
Contract Multiplier 15
Contract Period BSE Contracts - Corresponding contracts to the home exchange
HKEx contracts - Spot, next calendar month & next two calendar quarter months
Tick Size Re. 1
Trading Hours 9 .15 a.m to 3.30 p.m (IST)
Last Trading/Expiration Day "LTD" is the Business Day immediately preceding the last Business Day of the Contract Month in HKEx If it is a holiday either in India or in Hong Kong, then the immediately preceding business day (which is not a holiday in either India or Hong Kong). Trading will continue till 03:30 pm (Mumbai time) on the 'LTD'.
Daily Settlement The Index Futures Contract shall be marked to market on a daily basis and settled in cash on T + 1 day. Daily settlement price = Volume - Weighted average price of all the trades in last half an hour of the continuous trading session at the Exchange (BSE).

If there are no trades during the last half an hour, then the Theoretical Price shall be taken as the closing price. Here, Theoretical price = Latest Available Closing Price of the Corresponding HANG SENG Index Futures contracts at the Home Exchange * [1 + {No. of days to expiry * risk free interest rate / 365}]




3) iBovespa Futures
Security Symbol IBV
Underlying IBOVESPA
Contract Multiplier 5
Contract Period BSE Contracts - Corresponding contracts to the home exchange

BM&F contracts -
  • All months, as authorized by BM&F (Bolsa de Mercadorias & Futuros)
  • Number of authorized contract months – Even-numbered months. At its own discretion, BM&F may, whenever market conditions thus require, authorize odd-numbered months to be traded
Tick Size Re. 1
Trading Hours 9 .15 a.m to 3.30 p.m (IST)
Last Trading/Expiration Day "LTD" is the Wednesday closest to the 15th calendar day of the contract month. If it is a holiday either in India or in Brazil, then the immediately preceding business day (which is not a holiday in either India or Brazil). Trading will continue till 03:30 pm India time on the 'LTD'.
Daily Settlement The Index Futures Contract shall be marked to market on a daily basis and settled in cash on T + 1 day. Daily settlement price = Volume - Weighted average price of all the trades in last half an hour of the continuous trading session at the Exchange (BSE).

If there are no trades during the last half an hour, then the Theoretical Price shall be taken as the closing price. Here, Theoretical price = Latest Available Closing Value of IBOVESPA at the Home Exchange * [1 + {No. of days to expiry * risk free interest rate / 365}]




4) MICEX Index Futures
Security Symbol MIX
Underlying MICEX Index
Contract Multiplier 150
Contract Period BSE Contracts - Corresponding contracts to the home exchange
MICEX Contracts - 2 nearest months in the March quarterly cycle (Mar, June, Sep, Dec)
Tick Size Rs. 0.05
Trading Hours 9 .15 a.m to 3.30 p.m (IST)
Last Trading/Expiration Day "LTD" is the 15-th day of the contract month. If it is a holiday either in India or in Russia, then the immediately preceding business day (which is not a holiday in either India or Russia). Trading will continue till 03:30 pm India time on the 'LTD'.
Daily Settlement The Index Futures Contract shall be marked to market on a daily basis and settled in cash on T + 1 day. Daily settlement price = Volume - Weighted average price of all the trades in last half an hour of the continuous trading session at the Exchange (BSE).

If there are no trades during the last half an hour, then the Theoretical Price shall be taken as the closing price. Here, Theoretical price = Latest Available Opening Value of the Index at the Home Exchange * [1 + {No. of days to expiry * risk free interest rate / 365}]