交易有风险,您的整个投资可能有风险

碳氢化合物

碳氢化合物的价格动向决定因素多种多样,从国际政治到简单的供需问题。 这种不确定性因素造成市场波动,产生交易机会。 能源商品和其他商品(如糖和小麦)的区别是能源商品不可再生。 这类商品采自地面的价格高昂,因为从寻线、开发到上市,每个单位承担的生产成本更大。

随着宏观环境问题的不断增加,无论是中东的不确定因素,北海的管道泄漏、炼油厂起火,还是亚洲需求日益增多,都有可能造成所有能源产品衍生工具的价格变化。
迪拜黄金和商品交易所(DGCX)期货合同通过迪拜商品结算公司(DCCC)进行结算,无交易对手信贷风险,确保每笔交易结算。 迪拜黄金和商品交易所(DGCX)提供6种期货合同。

MetaTrader 5

Contract Name

Contract Code

Currency

Initial Margin

Plastics Futures

DPPM

USD

175

Mini Plastics Futures

DPPMM

USD

35

WTI Crude Oil Futures

DWTI

USD

2200

Mini WTI Crude Oil Futures

DWTIM

USD

220

Dubai India Crude Oil Futures

DICO

USD

475

Brent Crude Oil Futures

DBRC

USD

2200

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Price risk exists at all stages where materials are bought and sold in an industrial supply chain.The risk occurs from the timing difference between production and selling of the products. The risk is greater when the supply chain is not fully integrated. Price volatility is a significant issue for the plastics industry and it exposes all participants to risk.

One of the principal functions of the DGCX Plastics contract is to allow participants in the petrochemicals to discover prices which can be used as a reference or pricing for physical transactions. DGCX prices are the result of trading on the exchange platform, conducted and channeled through the DGCX member firms, and therefore representative of real deals between buyers and sellers of plastics. Physical delivery helps ensure price convergence between the DGCX futures market and the physical market.

  • Compulsory physical delivery contract with transparent pricing
  • Cash settled mini contract for financial participants
  • Settle prices with physical delivered contract
  • 100% intercommodity spread credit benefits with ratio of 1:5 (PP vs Mini)
  • DGCX provides a transparent market for the trading of Polypropylene futures contracts.
  • All participants in the plastics supply chain, including producers, traders, convertors and end users will be able to hedge their polymer price risk.
  • Physical delivery will ensure price convergence between the futures market and the physical market

Contract

Parameters

Contract Symbol

DPPM

Underlying

Polypropylene (PP)

Contract Size

25 tonnes per contract

Notional Contract Value

USD 25 X Polypropylene (PP) price quoted

Trading Currency

USD

Settlement Currency

USD

Price Quote

USD per tonne

Tick Size

USD 1

Tick Value

USD 25

Settlement Basis

Compulsory Delivery

Quality Specification

General Purpose Fibre (Raffia) extrusion graderaffia

Price Basis

In warehouse (INWH), duty unpaid at DGCX Approved Warehouse delivery at seller's option

Last Day of Trading

10th Trading Day of the Delivery Month

Trading Days

Monday through to Friday

Trading Hours

07:00-15:00 Hours UAE time (GMT+4) (for plastics)

Trading Months

Up to 12 calendar months at any time

New Contract Listing

Business day immediately following the last trading day

Max Order Size

200 contracts

Maximum Open Position Limit

As determined by the Exchange from time to time

EFP / EFS / Block Trades

EFS, EFP, Block trade facilities available with minimum permitted block size of 50 lots

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 1,000 per lot (subject to change)

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

Tender Margin

10 times of the Initial Margin and is applicable from the first day of the Delivery month.

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$50 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit

Delivery Mechansim Details

Delivery Type & Minimum Delivery Unit

Compulsory Delivery

Delivery Instrument

Warrant

Notice Day

Last Day of Trading

Delivery Notices

At the Notice Day, Sellers must submit Delivery Notice, indicating:

Delivery Day

Two Business Days after the Notice Day

Documents

A copy of the producer’s Certificate of Analysis for every production batch making up the lot, duly evidencing that each lot is fully traceable, must accompany every lot delivered into a DGCX Approved Warehouse. The Certificate of Analysis must state the producer, grade, batch number and test results for the batch

Delivery Tolerance

Weight tolerance of +/-0.8% on standard Delivery Unit of 24.75 tonnes

Packaging

Each delivery unit shall consist of 990 X 25 kg bags comprising 18 pallets each carrying 55 such bags stacked symmetrically in 11 layers of 5 bags per layer

Production Batches

Each Delivery Unit shall consist of no more than 2 production batches

Polymer Age and Delivery Time

PP must have been produced no more than 17 months prior to the Delivery Day and arrived at the Approved Warehouse for no longer than 6 months after production date

Test Method

Values

ISO 1133

2.5-4.0

ISO 527

29 Minimum

21CFR 177.1520 (c) 1.1

Compliant

EU Directive 2002/72/EC and its amendments

Compliant

Product

Contract

Last trading date

Expiry date

Tender start date

Tender end date

Delivery start date

Delivery end date

DPPM

DPPM-20170113

13-Jan-2017

13-Jan-2017

13-Jan-2017

13-Jan-2017

17-Jan-2017

17-Jan-2017

DPPM

DPPM-20170214

14-Feb-2017

14-Feb-2017

14-Feb-2017

14-Feb-2017

16-Feb-2017

16-Feb-2017

DPPM

DPPM-20170314

14-Mar-2017

14-Mar-2017

14-Mar-2017

14-Mar-2017

16-Mar-2017

16-Mar-2017

DPPM

DPPM-20170417

17-Apr-2017

17-Apr-2017

17-Apr-2017

17-Apr-2017

19-Apr-2017

19-Apr-2017

DPPM

DPPM-20170512

12-May-2017

12-May-2017

12-May-2017

12-May-2017

16-May-2017

16-May-2017

DPPM

DPPM-20170614

14-Jun-2017

14-Jun-2017

14-Jun-2017

14-Jun-2017

16-Jun-2017

16-Jun-2017

DPPM

DPPM-20170714

14-Jul-2017

14-Jul-2017

14-Jul-2017

14-Jul-2017

18-Jul-2017

18-Jul-2017

DPPM

DPPM-20170814

14-Aug-2017

14-Aug-2017

14-Aug-2017

14-Aug-2017

16-Aug-2017

16-Aug-2017

DPPM

DPPM-20170915

15-Sep-2017

15-Sep-2017

15-Sep-2017

15-Sep-2017

19-Sep-2017

19-Sep-2017

DPPM

DPPM-20171013

13-Oct-2017

13-Oct-2017

13-Oct-2017

13-Oct-2017

17-Oct-2017

17-Oct-2017

DPPM

DPPM-20171114

11-Nov-2017

11-Nov-2017

11-Nov-2017

11-Nov-2017

13-Nov-2017

13-Nov-2017

DPPM

DPPM-20171215

15-Dec-2017

15-Dec-2017

15-Dec-2017

15-Dec-2017

19-Dec-2017

19-Dec-2017

go Back

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Price risk exists at all stages where materials are bought and sold in an industrial supply chain.The risk occurs from the timing difference between production and selling of the products. The risk is greater when the supply chain is not fully integrated. Price volatility is a significant issue for the plastics industry and it exposes all participants to risk.

One of the principal functions of the DGCX Plastics contract is to allow participants in the petrochemicals to discover prices which can be used as a reference or pricing for physical transactions. DGCX prices are the result of trading on the exchange platform, conducted and channeled through the DGCX member firms, and therefore representative of real deals between buyers and sellers of plastics. Physical delivery helps ensure price convergence between the DGCX futures market and the physical market.

  • Compulsory physical delivery contract with transparent pricing
  • Cash settled mini contract for financial participants
  • Settle prices with physical delivered contract
  • 100% intercommodity spread credit benefits with ratio of 1:5 (PP vs Mini)
  • DGCX provides a transparent market for the trading of Polypropylene futures contracts.
  • All participants in the plastics supply chain, including producers, traders, convertors and end users will be able to hedge their polymer price risk.
  • Physical delivery will ensure price convergence between the futures market and the physical market

Contract

Parameters

Contract Symbol

DPPMM

Underlying

Polypropylene (PP)

Contract Size

5 tonnes per contract

Notional Contract Value

USD 5 X Polypropylene (PP) price quoted

Trading Currency

USD

Settlement Currency

USD

Price Quote

USD per tonne

Tick Size

USD 1

Tick Value

USD 5

Settlement Basis

Cash Only Settlement Contract

Final Cash Settlement Price

The Final Settlement Price Methodology shall be derived from the conditions listed below on the underlying 25MT contract: (a) Value Weighted Average Price (VWAP) of all trades executed in last 10 minutes of the Last Trading Day (b) If no trades have been executed in the last 10 minutes, the VWAP of last 15 trades executed during the Last Trading Day provided 15 trades are executed (c) If 15 trades have not occurred, the VWAP of all trades executed during the Last Trading Day (d) Where there are no trades executed during Last Trading Day, the price midway between outright bids and offers during the last 10 minute period

Price Basis

In warehouse (INWH), duty unpaid at DGCX Approved Warehouse delivery at seller's option

Quality Specification

General Purpose Fibre (Raffia) extrusion graderaffia

Last Day of Trading

Three Trading Days prior to the Delivery Month

Trading Days

Monday through to Friday

Trading Hours

07:00-15:00 Hours UAE time (GMT+4) (for plastics)

Trading Months

Up to 12 calendar months at any time

New Contract Listing

Business day immediately following the last trading day

Max Order Size

200 contracts

Maximum Open Position Limit

As determined by the Exchange from time to time

EFP / EFS / Block Trades

EFS, EFP, Block trade facilities available with minimum permitted block size of 50 lots

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 200 per lot (subject to change)

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

Tender Margin

10 times of the Initial Margin and is applicable from the first day of the Delivery month.

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$50 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit

Delivery Mechansim Details

Delivery Type & Minimum Delivery Unit

Compulsory Delivery

Delivery Instrument

Warrant

Notice Day

Last Day of Trading

Delivery Notices

At the Notice Day, Sellers must submit Delivery Notice, indicating:

Delivery Day

Two Business Days after the Notice Day

Documents

A copy of the producer’s Certificate of Analysis for every production batch making up the lot, duly evidencing that each lot is fully traceable, must accompany every lot delivered into a DGCX Approved Warehouse. The Certificate of Analysis must state the producer, grade, batch number and test results for the batch

Delivery Tolerance

Weight tolerance of +/-0.8% on standard Delivery Unit of 24.75 tonnes

Packaging

Each delivery unit shall consist of 990 X 25 kg bags comprising 18 pallets each carrying 55 such bags stacked symmetrically in 11 layers of 5 bags per layer

Production Batches

Each Delivery Unit shall consist of no more than 2 production batches

Polymer Age and Delivery Time

PP must have been produced no more than 17 months prior to the Delivery Day and arrived at the Approved Warehouse for no longer than 6 months after production date

Test Method

Values

ISO 1133

2.5-4.0

ISO 527

29 Minimum

21CFR 177.1520 (c) 1.1

Compliant

EU Directive 2002/72/EC and its amendments

Compliant

Product

Contract

Last trading date

Expiry date

Tender start date

Tender end date

Delivery start date

Delivery end date

DPPMM

DPPMM-20170127

27-Jan-2017

27-Jan-2017

30-Jan-2017

30-Jan-2017

30-Jan-2017

30-Jan-2017

DPPMM

DPPMM-20170224

24-Feb-2017

24-Feb-2017

27-Feb-2017

27-Feb-2017

27-Feb-2017

27-Feb-2017

DPPMM

DPPMM-20170329

29-Mar-2017

29-Mar-2017

30-Mar-2017

30-Mar-2017

30-Mar-2017

30-Mar-2017

DPPMM

DPPMM-20170426

26-Apr-2017

26-Apr-2017

27-Apr-2017

27-Apr-2017

27-Apr-2017

27-Apr-2017

DPPMM

DPPMM-20170529

29-May-2017

29-May-2017

30-May-2017

30-May-2017

30-May-2017

30-May-2017

DPPMM

DPPMM-20170628

28-Jun-2017

28-Jun-2017

29-Jun-2017

29-Jun-2017

29-Jun-2017

29-Jun-2017

DPPMM

DPPMM-20170727

27-Jul-2017

27-Jul-2017

28-Jul-2017

28-Jul-2017

28-Jul-2017

28-Jul-2017

DPPMM

DPPMM-20170829

29-Aug-2017

29-Aug-2017

30-Aug-2017

30-Aug-2017

30-Aug-2017

30-Aug-2017

DPPMM

DPPMM-20170927

27-Sep-2017

27-Sep-2017

28-Sep-2017

28-Sep-2017

28-Sep-2017

28-Sep-2017

DPPMM

DPPMM-20171027

27-Oct-2017

27-Oct-2017

30-Oct-2017

30-Oct-2017

30-Oct-2017

30-Oct-2017

DPPMM

DPPMM-20171128

28-Nov-2017

28-Nov-2017

29-Nov-2017

29-Nov-2017

29-Nov-2017

29-Nov-2017

DPPMM

DPPMM-20171227

27-Dec-2017

27-Dec-2017

28-Dec-2017

28-Dec-2017

28-Dec-2017

28-Dec-2017

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WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. The use of WTI as a pricing mechanism extends far beyond its local and refined export markets. With production accounting for over 10% of global demand, and pricing accounting for over 25% of global supply, the DGCX WTI futures contract provides accessibility to the global energy market to a wider range of participants.

Paired with the DGCX’s existing USD currency suite, the WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX WTI contract will help facilitate price discovery by new market participants, offering protection and hedging opportunities to all.

  • Trade your views, tax free on the international Crude oil market
  • Arbitrage opportunity with global commodity exchanges as well as existing DGCX Mini WTI Futures contract.
  • Low cost structure with 100% trading margin credit against the major DGCX Mini WTI Futures contract, as well as the main WTI contract spreads.
  • Greater access to international energy markets with clear, understandable regulations
  • Unique trading opportunity in the region to participate in global oil markets
  • Larger contract size in line with other global exchanges
  • USD denominated, Cash settled with a tick size of USD $10
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Market hours encompassing the largest global liquidity pools
  • Basis 1,000 Barrels contract, traded on a secure regulated marketplace

Contract

Parameters

Contract Symbol

DWTI

Underlying

DGCX West Texas Intermediate Light Sweet Crude Oil Futures

Contract Size

1,000 barrels (42,000 gallons)

Notional Contract Value

USD 1,000 X DGCX West Texas Intermediate Light Sweet Crude Oil Futures

Trading Currency

USD

Settlement Currency

USD

Price Quote

US Dollars and Cents per barrel

Tick Size

USD 0.01 per barrel (US$ 10 per tick)

Tick Value

USD 10

Settlement Basis

Cash Only Settlement Contract

Final Cash Settlement Price

The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract

Last Day of Trading

Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading

Trading Days

Monday through to Friday

Trading Hours

DGCX Trading Hours

Trading Months

Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years

New Contract Listing

Business day immediately following the last trading day

Business day immediately following the last trading day

500 contracts

EFP / EFS / Block Trades

As per DGCX By-Laws. Minimum Block size permitted is 200 contracts.

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 4,000 per lot (subject to change)

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit

Product

Contract

Last trading date

Expiry date

Tender start date

Tender end date

Delivery start date

Delivery end date

DWTI

DWTI-20170119

19-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

DWTI

DWTI-20170217

17-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

DWTI

DWTI-20170320

20-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

DWTI

DWTI-20170419

19-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

DWTI

DWTI-20170519

19-May-2017

22-May-2017

22-May-2017

22-May-2017

22-May-2017

22-May-2017

DWTI

DWTI-20170619

19-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

DWTI

DWTI-20170719

19-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

DWTI

DWTI-20170821

21-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

DWTI

DWTI-20170919

19-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

DWTI

DWTI-20171019

19-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

DWTI

DWTI-20171117

17-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

DWTI

DWTI-20171218

18-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

go Back

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WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. The use of WTI as a pricing mechanism extends far beyond its local and refined export markets. With production accounting for over 10% of global demand, and pricing accounting for over 25% of global supply, the DGCX mini WTI futures contract provides accessibility to the global energy market to a wider range of participants.

Paired with the DGCX’s existing USD currency suite, the Mini WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX Mini WTI contract size will help facilitate price discovery by new market participants, offering protection and hedging opportunities to all.

  • Trade your views, tax free on the international Crude oil market
  • Arbitrage opportunity with global commodity exchanges as well as existing DGCX WTI futures contract.
  • Low cost structure with 100% trading margin credit against the major DGCX WTI futures contract and on spread contracts too.
  • Greater access to international energy markets with clear, understandable regulations
  • Unique trading opportunity in the region to participate in global oil markets
  • Smaller contract size, ideal for optimal risk control
  • USD denominated, Cash settled with a tick size of USD $1
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Market hours encompassing the largest global liquidity pools
  • Basis 100 Barrels contract, traded on a secure regulated marketplace

Contract

Parameters

Contract Symbol

DWTIM

Underlying

DGCX Mini West Texas Intermediate Light Sweet Crude Oil Futures

Contract Size

100 barrels (4,200 gallons)

Notional Contract Value

USD 100 X DGCX West Texas Intermediate Light Sweet Crude Oil Futures

Trading Currency

USD

Settlement Currency

USD

Price Quote

US Dollars and Cents per barrel

Tick Size

USD 0.01 per barrel (US$ 1 per tick)

Tick Value

USD1

Settlement Basis

Cash Only Settlement Contract

Final Cash Settlement Price

The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract

Last Day of Trading

Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading

Trading Days

Monday through to Friday

Trading Hours

DGCX Trading Hours

Trading Months

Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years

New Contract Listing

Business day immediately following the last trading day

Max Order Size

5,000 contracts for banks and institutions promoted by banks. All other entities 2,000 contracts

EFP / EFS / Block Trades

As per DGCX By-Laws. Minimum block size permitted is 100 contracts.

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 400 per lot (subject to change)

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit

Product

Contract

Last trading date

Expiry date

Tender start date

Tender end date

Delivery start date

Delivery end date

DWTIM

DWTIM-20170119

19-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

DWTIM

DWTIM-20170217

17-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

DWTIM

DWTIM-20170320

20-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

DWTIM

DWTIM-20170419

19-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

DWTIM

DWTIM-20170519

19-May-2017

22-May-2017

22-May-2017

22-May-2017

22-May-2017

22-May-2017

DWTIM

DWTIM-20170619

19-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

DWTIM

DWTIM-20170719

19-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

DWTIM

DWTIM-20170821

21-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

DWTIM

DWTIM-20170919

19-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

DWTIM

DWTIM-20171019

19-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

20-Oct-2017

DWTIM

DWTIM-20171117

17-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

DWTIM

DWTIM-20171218

18-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

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Dubai India Crude Oil (DICO) will allow participants to trade in a Crude Oil futures benchmark referencing the Indian Rupee, whilst trading in US Dollars. The use of DICO as a reference pricing mechanism extends far beyond its local and regional markets. The product design of DICO brings together both the DGCX WTI prices and the flagship USDINR contract. With WTI pricing accounting for over 25% of global supply, the DICO futures contract provides accessibility to the Indian energy markets to a wider range of participants.

Paired with the DGCX’s existing INR currency suite and WTI offerings, the DICO futures contract draws a stronger appeal to existing contracts on other exchanges which are of a differing size. The DICO contract will help facilitate price discovery by new and existing market participants, offering protection and hedging opportunities to an increasingly motivated trading community.

  • Trade your views, tax free on an Indian Rupee linked benchmark to the international Crude Oil market
  • Arbitrage opportunity with global commodity exchanges as well as existing Energy contracts
  • Low cost structure with additional margin credit against the major DGCX WTI and Mini WTI Futures contracts
  • Greater access to international energy markets with clear, understandable rules, regulations and contract specifications
  • Unique trading opportunity in the region to participate in global oil markets
  • Unique contract size that can be compared as a ratio to other global exchanges
  • Indian Rupee based, USD denominated, cash settled with a tick size of USD $3
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Traded on a secure regulated marketplace permitting global participation
  • Market hours encompassing the largest global liquidity pools
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Contract

Parameters

Contract Symbol

DICO

Underlying

Indian Crude Oil Contract

Contract Size

3

Notional Contract Value

USD 3.00 X Indian Crude Oil Futures Price quoted (e.g. Bid 3307.00 / Ask 3308.00)

Trading Currency

USD

Settlement Currency

USD

Price Quote

USD

Tick Size

1

Tick Value

USD 3

Settlement Basis

Cash Only Settlement Contract

Final Cash Settlement Price

The Final Cash Settlement Price basis shall be the DGCX front month WTI Light Crude Oil Final Settlement price that corresponds to the DGCX front month DICO contract. Official US Dollar reference rate issued by the Reserve Bank of India (RBI), based on bank rates in Mumbai at 12 noon on the Last Day of Trading or earliest available date shall be used to convert the above DGCX front month DWTI Final Settlement Price into DGCX front month DICO Final Settlement Price. For instance, on the Last Day of Trading of DICO front month contract, the Final settlement price of DGCX front month WTI Light Crude Oil is $50.00 and the last available RBI US Dollar reference price is INR 67.0025 /US$, then the Final Cash Settlement Price for the front month DICO contract shall be $3,350.12 rounded off to $3,350.00 (i.e. $50.00*67.0025 and rounded off to the nearest tick)

Last Day of Trading

Last Day of Trading shall be the 4th Business Day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a Business Day; Last Day of Trading shall be the 4th business day prior to the business day that precedes the 25th calendar day. If the 4th business day is not a DGCX or an Indian business day, then the preceding DGCX Business Day which is not a holiday in India shall be the Last Day of Trading.

Trading Days

Monday through to Friday

Trading Hours

DGCX Trading Hours

Trading Months

At the outset, two serial contract months and a spread contract will be available for trading.

New Contract Listing

Business day immediately following the last trading day

Max Order Size

500 contracts for Banks and institutions promoted by Banks. All other entities 200 contracts

EFP / EFS / Block Trades

As per DGCX By-Laws

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 600 per lot (subject to change)

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

*There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than 300 as compared to the previous closing price. The DGCX shall relax the intra-day price range for the prices of the contract approaching the 300 limit.

Product

Contract

Last trading date

Expiry date

Tender start date

Tender end date

Delivery start date

Delivery end date

DICO

DICO-20170119

19-Jan-2017

19-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

20-Jan-2017

DICO

DICO-20170217

17-Feb-2017

17-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

20-Feb-2017

DICO

DICO-20170320

20-Mar-2017

20-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

21-Mar-2017

DICO

DICO-20170419

19-Apr-2017

19-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

20-Apr-2017

DICO

DICO-20170519

19-May-2017

19-May-2017

22-May-2017

22-May-2017

22-May-2017

22-May-2017

DICO

DICO-20170619

19-Jun-2017

19-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

20-Jun-2017

DICO

DICO-20170719

19-Jul-2017

19-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

20-Jul-2017

DICO

DICO-20170821

21-Aug-2017

21-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

22-Aug-2017

DICO

DICO-20170919

19-Sep-2017

19-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

20-Sep-2017

DICO

DICO-20171018

18-Oct-2017

18-Oct-2017

19-Oct-2017

19-Oct-2017

19-Oct-2017

19-Oct-2017

DICO

DICO-20171117

17-Nov-2017

17-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

20-Nov-2017

DICO

DICO-20171218

18-Dec-2017

18-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

19-Dec-2017

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DGCX Brent Crude Oil Futures (DBRC) will allow DGCX participants to trade in the biggest Crude Oil benchmarks globally. Linking up the European referenced market to that of the Americas in WTI. The use of DBRC as a reference pricing mechanism extends far beyond the UK, Europe and other regional markets. The product design of DBRC brings one of the most heavily traded energy products to the DGCX. Alongside WTI, DBRC pricing accounts for over 50% of global supply, with price movements having an impact on prices in territories as far afield as the Middle East, China and the Americas.

Paired with the DGCX’s existing Hydrocarbons portfolio, the DBRC futures contract draws a greater appeal to existing contracts on other exchanges which are of a differing specification. The DBRC contract will help facilitate price discovery by new and existing market participants, offering protection and hedging opportunities to an increasingly motivated trading community.

  • Trade your views, tax free on the Brent Crude Oil Futures market
  • Arbitrage opportunity with global commodity exchanges as well as existing DGCX WTI Futures contracts.
  • Low cost structure with 80% trading margin offset against the major DGCX WTI and Mini WTI Futures contract.
  • 100% trading margin credit on calendar spreads.
  • Greater access to international energy markets with clear, understandable rules, regulations and contract specifications
  • Unique trading opportunity in the region to participate in global oil markets
  • Unique contract size that can be compared directly or as a ratio to other global exchanges
  • USD denominated, Cash settled with a tick size of USD $10
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Market hours encompassing the largest global liquidity pools
  • Traded on a secure regulated marketplace permitting global participation

Contract

Parameters

Contract Symbol

DBRC

Underlying

DGCX Brent Crude Oil Futures

Contract Size

1,000 barrels (42,000 gallons)

Notional Contract Value

USD 1,000 X DGCX Brent Crude Oil Futures

Trading Currency

USD

Settlement Currency

USD

Price Quote

US Dollars and Cents per barrel

Tick Size

USD 0.01 per barrel (US$ 10 per tick)

Tick Value

USD 10

Settlement Basis

Cash Only Settlement Contract

Daily Settlement Price Basis

Daily Settlement Price shall be as per DGCX Notice no. COMP-2008-014 dated April 22, 2008

Final Cash Settlement Price

Cash settled against the settlement price for Brent Crude Oil as made public by ICE on the last trading day of the DGCX front month contract

Last Day of Trading

2nd Business Day prior to the last calendar day of the second month preceding the Trading Month, if such last day is a DGCX Business Day, and a banking day in the UK. (i.e the 2nd last Business Day of June will be the expiry for August) If the 2nd last Business Day is not a DGCX or UK banking day, then the preceding DGCX Business Day which is not a banking holiday in the UK shall be the Last Day of Trading

Trading Days

Monday through to Friday

Trading Hours

DGCX Trading Hours

Trading Months

Twelve consecutive delivery months, from inception three months and two spread contracts (M1-M2 and M2-M3) will be launched.

New Contract Listing

Business Day immediately following the last Day of Trading

Max Order Size

500 contracts

EFP / EFS / Block Trades

As per DGCX By-Laws. Minimum Block size permitted is 200 contracts.

Time Limit for EFP / EFS / Block Trade Registration

Up to 5 minutes after cessation of trading on any trading day

Initial Margin based on SPAN

USD 3,500 per contract (Subject to change from time to time)

Extra Margin

In times of high volatility, an extra margin as deemed fit by the DGCX may be imposed on all open positions

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Daily Price Movement limit

No Limits - Note 1*

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit

Product

Contract

Last trading date

Expiry date

Tender Start

Tender End

Delivery Start

Delivery End

DBRC

DBRC-20170130

30-Jan-2017

31-Jan-2017

31-Jan-2017

31-Jan-2017

31-Jan-2017

31-Jan-2017

DBRC

DBRC-20170227

27-Feb-2017

28-Feb-2017

28-Feb-2017

28-Feb-2017

28-Feb-2017

28-Feb-2017

DBRC

DBRC-20170330

30-Mar-2017

31-Mar-2017

31-Mar-2017

31-Mar-2017

31-Mar-2017

31-Mar-2017

DBRC

DBRC-20170427

27-Apr-2017

28-Apr-2017

28-Apr-2017

28-Apr-2017

28-Apr-2017

28-Apr-2017

DBRC

DBRC-20170530

30-May-2017

31-May-2017

31-May-2017

31-May-2017

31-May-2017

31-May-2017

DBRC

DBRC-20170629

29-Jun-2017

30-Jun-2017

30-Jun-2017

30-Jun-2017

30-Jun-2017

30-Jun-2017

DBRC

DBRC-20170728

28-Jul-2017

31-Jul-2017

31-Jul-2017

31-Jul-2017

31-Jul-2017

31-Jul-2017

DBRC

DBRC-20170830

30-Aug-2017

31-Aug-2017

31-Aug-2017

31-Aug-2017

31-Aug-2017

31-Aug-2017

DBRC

DBRC-20170928

28-Sep-2017

29-Sep-2017

29-Sep-2017

29-Sep-2017

29-Sep-2017

29-Sep-2017

DBRC

DBRC-20171030

30-Oct-2017

31-Oct-2017

31-Oct-2017

31-Oct-2017

31-Oct-2017

31-Oct-2017

DBRC

DBRC-20171129

29-Nov-2017

30-Nov-2017

30-Nov-2017

30-Nov-2017

30-Nov-2017

30-Nov-2017

DBRC

DBRC-20171228

28-Dec-2017

29-Dec-2017

29-Dec-2017

29-Dec-2017

29-Dec-2017

29-Dec-2017

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