Interest Rate Futures
NSE is the first stock Exchange in India to launch Interest Rate Futures (IRF) on the Currency Derivative Segment of the Exchange.
Applications are invited from the members for enablement.
Eligibility Criteria:
Who are eligible to trade in IRF :
- Existing members who are registered either in Currency Derivatives Segment or Futures & Options (F&O) Segment shall be eligible to trade in IRF, subject to meeting the Balance Sheet net worth requirement of
100 lakhs for Trading Membership and 1000 lakhs in Trading cum Clearing Membership. - New members interested in participating in IRF would be required to get registered in Currency Derivatives Segment of the Exchange in order to trade in IRF.
Documents Required for Enablement in IRF:
Existing CDS enabled members : No additional documents are required for enablement in IRF.
Existing F&O members :
-
If enabled as TM in F&O: Such members will have to identify a CDS registered Clearing Member for clearing their trades for IRF and submit the documents for the enablement as per the Annexure I.
- If enabled as TMCM in F&O:
- For enablement as TM in IRF: Such members will have to identify a CDS registered Clearing Member for clearing their trades for IRF and submit the documents for the enablement as per the Annexure I.
- For enablement as TMCM in IRF: Such members will have to submit the documents for the enablement as per the Annexure II.
Incase of any query or clarification, kindly get in touch with membership department on 022-26598249 or write to us on minward@nse.co.in