Daily Settlement price: Calculated based on last half an hour weighted average price
Final settlement price (Contract expiry): RBI Reference rate on the contract expiry date, contract expires two days prior to the last business working day of the expiry month at 12 noon.
On expiry of Currency futures, settlement price will decide with respective of RBI reference rate.
The reference rate for currency future settled by RBI on the expiry day
The settlement price for currency futures on its expiry is arrived from the RBI reference rate.
The settlement of currency contracts will be fixed based on the Reserve Bank of India Reference Rate at 12.00 noon on the Last Trading Day. All contracts will net settle in INR.
The weighted average price obtained from the weekly auction of 91day GOI Treasury Bill on the day of expiry of the contract (notified by the RBI in its press release announcing the auction results of the day) shall be used for arriving at the weighted average discount yield as per the below formula specified in the RBI.
On the expiry day all the open positions in currency future contracts are marked to the final settlement price which is determined by the RBI reference rate of such futures contract on the last trading day. And all the open positions in futures contract cease to exist after their last trading day.
The final profit/loss is credited/debited on T+2 day which is the difference between trade price/previous day’s settlement price with the RBI reference of such contract on the last trading day.
The Reference rate is fixed by RBI.So they gonna consider the settlement price for currency futures
Reference rate fixed by RBI. Consider settlement price for currency futures…
On the expiry day, if you don’t square off your currency futures position, The RBI reference price will be considered as the settlement price.
The settlement price of currency futures is based on the reference prize fixed by RBI
Currency futures Settlement price is based on rate fixed by the RBI on the expiry or last day. It will be considered by closing price of the last day
The position shall be automatically squared up and no open position will be left on the date of expiry. As the reference rate fixed by RBI on last trading day will be taken as the settlement price.
The reference rate fixed by RBI two working days prior to the final settlement date.
Dear Tarzan,
Daily Settlement price is Calculated based on last half an hour weighted average price.
and
On expiry day settlement price is RBI calculates reference rate between 11:45 and 12:15 PM. Trading is allowed till 12:15 PM. Reference rate is issued at 12:30 and all current month open contracts settled at the Reference rate.
In currency futures the settlement price will decided by RBI reference rate will be considered as the settlement price for currency futures.
The settlement price for currency futures is based on the reference rate fixed by RBI.If you don t close your currency futures
It is fixed as per the reference fixed by RBI
Currency futures price is based on the RBI reference rate on the last day of expiry if the positions are not squared off before the cut-off time.
On expiry day all current month contract will settled based on RBI reference rate.