ICICIDirect.com the trading platform from ICICIBank offers interesting opportunity to trade interest rate futures
What is an interest rate future?
An Interest Rate Futures contract is an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today. It is to hedge or trade on the Interest rate movements
The exchange traded Interest Rate Futures are standardized cash settled contracts based on a selected GOI bond
Interest Rate Futures are allowed on 8.40% Government of India Securities having maturity on July 28, 2024
In icicidirect from where do I find details on this?
You need to login to www.icicidirect.com, visit currency section and in the underlying stock list select the Interest futures contract (Code: 840GS2024)
Benefits of trading on Interest Rate Futures:
Cash settled futures contract - Delivery of bonds and easy cash settled
Contract based on a single bond Trading on one bond, so more liquidity and easy entry exit
Easier and cheaper access to rates trading -Online trading at a click on button with price transparency
Exchange traded product Centralized clearing supported by guaranteed settlement
Useful to all types of investors - Individual and Corporates both can participate and reap benefits
Margins based on actual volatility - Margin as low as 4%* which helps you to enter market with low cost
STT not applicable - As of now Securities transaction tax is waived off, so customer saves on taxation.
Margin levied will not be less than margin charged by the Exchange
Where do I find product specification on interest rate futures?
This is available in ICICIDirect website:
http://content.icicidirect.com/mailimages/prod_specification.html
Whom should I contact for more details?
For full details send email to : helpdesk@icicidirect.com
What is an interest rate future?
An Interest Rate Futures contract is an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today. It is to hedge or trade on the Interest rate movements
The exchange traded Interest Rate Futures are standardized cash settled contracts based on a selected GOI bond
Interest Rate Futures are allowed on 8.40% Government of India Securities having maturity on July 28, 2024
In icicidirect from where do I find details on this?
You need to login to www.icicidirect.com, visit currency section and in the underlying stock list select the Interest futures contract (Code: 840GS2024)
Benefits of trading on Interest Rate Futures:
Cash settled futures contract - Delivery of bonds and easy cash settled
Contract based on a single bond Trading on one bond, so more liquidity and easy entry exit
Easier and cheaper access to rates trading -Online trading at a click on button with price transparency
Exchange traded product Centralized clearing supported by guaranteed settlement
Useful to all types of investors - Individual and Corporates both can participate and reap benefits
Margins based on actual volatility - Margin as low as 4%* which helps you to enter market with low cost
STT not applicable - As of now Securities transaction tax is waived off, so customer saves on taxation.
Margin levied will not be less than margin charged by the Exchange
Where do I find product specification on interest rate futures?
This is available in ICICIDirect website:
http://content.icicidirect.com/mailimages/prod_specification.html
Whom should I contact for more details?
For full details send email to : helpdesk@icicidirect.com
