| Security Symbol |
IBV |
| Underlying |
IBOVESPA |
| Contract Multiplier |
10 |
| 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}] |