How to open currency trading account in india


Through the lien marking facility offered by SBI, the client continues to receive interest on the lien amount till the actual deals are done. Alternatively the client can also try the URL: How is the margin calculation done in case of calendar spread? He makes a gain of Rs.

Our brokerage rates are straight forward and don't carry any hidden charges. The unmark requests placed before 5 PM, would be unmarked during the same day, after the market hours. Thus you avoid the exchange rate risk that you would have otherwise faced.

All the customers would be initially assigned to one of the slab on the basis of the expected volume from the customer at the time of opening the account. Risk disclosure document explains the various kinds of risks associated with the exchange traded currency futures market. Through the lien marking how to open currency trading account in india offered by SBI, the client continues to receive interest on the lien amount till the actual deals are done. What is lien marking and how is it different from normal upfront transfer? Product from India's most trusted and transparent Bank.

Our brokerage rates are straight forward and don't carry any hidden charges. The above rates can be changed anytime at the discretion of the Bank. This means that any daily obligation arising out of transactions in futures or EOD MTM on day T is settled on the immediate next trading day. Alternatively the client can also try the URL: For example if a client buys a near month contract at Rs.

Every day the settlement of open Currency futures position takes place at the Settlement Price declared by the exchanges for that day. This further means that if you have a debit obligation on day Tthe payment will have to be made on day T itself. If the client fails to top up at this level too, the Bank reserves the right to square off the positions of the client.

Thereafter, he will be redirected to a login page, where he has to enter the required details and log in. The requests placed after 5 PM would be processed only at the end of next day's trading hours. What are my settlement obligations in currency futures?

Customers can then buy or sell the currencies accordingly on the currency futures trading platform. All those interested in taking a view on appreciation or depreciation of exchange rates in the short and medium term, can participate in the currency futures market. As per the Regulatory guidelines, all 'Resident Indians' including individuals, companies or financial institutions are allowed to participate in currency futures market.

Then you can 'sell' a two months currency futures contract at the current price of Rs. Having adequate margins can avoid calls for any additional margin in case the market turns unfavorably volatile with respect to your position. The agreement for sending the contract notes electronically enables the clients to receive the contract notes and other statements electronically.

How can I see the lien marked status and the updated trading limits? If the client fails to top up at this level too, the Bank reserves the right to square off the positions of the client. The Investor Rights and Obligations document specifies the right and duties of the client who wishes to open a currency futures trading account. It's an agreement to buy or sell a specified quantity of an underlying currency on a specified date at a specified price.