Number of Shareholders How is SBI securities for opening a Demat account? Conversion rates for the day are published on our website daily between 8: What is Currency Futures? Upon receipt of the KYC compliant applicant form, the trading account of the client would be opened and an email would be sent to the client with the user name and password. The Base price is compared with the Settlement price and difference is cash settled. To trade in currency futures, the client needs to give the required margins upfront to the Bank.
SBI FX TRADE is an online platform offered by State Bank of India to its customers to trade in the exchange traded Currency Futures. Features of SBI FX Trade. Competitive brokerage rates. Integrated platform of Bank Account and Online Trading Account. Provision for lien marking. The money continues to remain in the customer's account .
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If you are an exporter, you can 'sell' currency futures on the exchange platform and lock in a sale price at a future date. You have an export receivable after two months and you find the current level very attractive. Then you can 'sell' a two months currency futures contract at the current price of Rs. So at the end of two months you get Rs. 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. The presentation about using the platform to place trades would be sent to the client via email after the opening of the SBI FX Trade account.
The presentation would also be available on retail. The KYC form collects the details of the customer, which would be kept confidential by the Bank. The Investor Rights and Obligations document specifies the right and duties of the client who wishes to open a currency futures trading account.
Risk disclosure document explains the various kinds of risks associated with the exchange traded currency futures market. Member-client agreement is executed between customer and the trading member SBI for participating in the exchange traded currency futures market. This agreement has to be stamped as per the applicable stamp act, the cost of which will be borne by the client.
The agreement for sending the contract notes electronically enables the clients to receive the contract notes and other statements electronically. What is lien marking and how is it different from normal upfront transfer? How can I see the lien marked status and the updated trading limits?
When the client marks a lien for placing the trades, the lien status is updated on a real time basis in the onlinesbi homepage of the client. The client can also see the updated limits on the www.
How is margin calculated on open position? Calendar spread means risk off-setting positions in contracts expiring on different dates in the same underlying taken simultaneously. How is the margin calculation done in case of calendar spread?
How can I view my open positions in Currency Futures? In addition, contract notes and daily statements will be sent to you according to the regulatory guidelines. Can I do anything to safeguard the positions from being squared off on account of margin shortfall?
Yes, you can always voluntarily add Margin at the time of placing orders or allocate additional margin at any time. Having adequate margins can avoid calls for any additional margin in case the market turns unfavorably volatile with respect to your position. Intra Day Trigger Points The client would receive the alerts at the following levels, for topping up his margin account. No Trigger Point Action Taken 1.
It's always advisable for the clients to keep an additional cushion over the required margin to reduce the possibility of such a square off, on account of extreme market movements. If the client fails to top up at this level too, the Bank reserves the right to square off the positions of the client.
Provision for lien marking. The money continues to remain in the customer's account until the deal is done, thus earning him interest.
Secure and Robust online platform. Product from India's most trusted and transparent Bank. What is Currency Futures? Last working day of the month.
After logging in, the client has to go to 'Fund Transfer', enter the amount of lien to be marked and is redirected to www. The updated lien amount can be seen on the onlinesbi homepage. The presentation about using the platform to place trades would be sent to the client via email after the opening of the SBI FX Trade account. What is the policy regarding inactive accounts?
Accounts will be treated as inactive accounts if: User has not logged in for more than a year. What is lien marking and how is it different from normal upfront transfer?
How can I see the lien marked status and the updated trading limits? When the client marks lien for placing the trades, the lien status is updated on a real time basis in the onlinesbi homepage of the client. The client can also see the updated limits on the www. How is margin calculated on open position? What is meant by calendar spread? How is the margin calculation done in case of calendar spread? How can I view my open positions in Currency Futures? Every day the settlement of open Currency futures position takes place at the Settlement Price declared by the exchanges for that day.
The Base price is compared with the Settlement price and difference is cash settled. What are my settlement obligations in currency futures? Pay in due to Brokerage and statutory levies on close out. Pay in due to applicable Taxes. Pay out due to return of margin collected.
Is it compulsory to square off the position within the life of contract? When is the obligation amount debited or credited in my bank account? How can I unmark the lien and release the amount? The unmark requests placed before 5 PM , would be unmarked during the same day, after the market hours.
The requests placed after 5 PM would be processed only at the end of next days trading hours. Therefore the client is expected not to use the amount, for which the unmark request was made, till the lien is released. Its geographical segments include Domestic Operations and Foreign Operations. The setup has not triggered. It can also bounce from the neck as a part of the swing low bounce of the current downtrend.
I am just posting it as long term view , it does not conflict any of other views , but its most of educational , those who can understand wave analysis , can get to know what is happening on HTF one can understand the direction of this scrip and can take trade in the direction of Higher time frame Good Luck.
Applied Fibonacci levels to July lows and August highs. It also seems to be following a falling trendline. SBI can be a sell below with a stoploss of Short if it breaks prev day low only SL - prev day high. Very common and repeatable price structure. Spend time on chart to identify this type of setup. Long SBIN for a target of with stoploss below support This one is one of the Example illustrated by R N Elliott , currently we are in Expanding Ending Diagonal , where everyone will think its Moving a part , in reality its ending the move , which is Wave B of Higher time frame we are currently at the start of Wave C when i see many try to explain the Theory , but they lack the direction , in fact they tend to PinBar reversal at key support level.
India Stocks Financials Banks. State Bank of India provides a range of products and services to personal, commercial enterprises, large corporates, public bodies and institutional customers. Average Volume 10 day
SBI SA provide uninterrupted trading facility from am to pm and employs state of the art technology and information systems. We have strong relationship with correspondent banks across the globe with good trading limits which enhances the strength of our Forex treasury. State Bank of India (SBI), the country’s largest lender, has rolled out a new Internet platform that allows customers to book foreign exchange transactions online. The . SBI FX Trade: Currency Future Trading FAQ. About The Product SBI FX TRADE is an online platform offered by State Bank of India to its customers to trade in the exchange traded Currency Futures.