Exchange Traded Currency Derivatives

Currency Futures and Options are standardized foreign exchange contracts which are transacted on a stock exchange. IDFC FIRST Bank is a trading and clearing member with both BSE and NSE. We are pleased to offer our Exchange Traded Currency Derivative product, for which you don’t need to open a DEMAT Account, all you need to do is Open a Savings/Current Account with us.

Regulatory Details:
Name of Stock Broker /Trading Member/Clearing Member – IDFC FIRST Bank Limited
SEBI Registration No.: INZ000036640 dated 28th March 2016
BSE Membership No.: 4069 dated 28th March 2016
NSE Membership No.: 90089 dated 10th August 2016

Features:
Transaction Platforms

  1. Online – Web / Mobile App / Trader Work Station
  2. Offline – Call & Trade Desk

 

Currency Pairs – USD/INR, EUR/USD, EUR/INR, GBP/USD, GBP/INR, USD/JPY, JPY/INR

Minimum Transaction Quantity – 1 Lot (1 Lot = $1000 for all currencies except JPY 1 Lot = 100,000)

Contract Maturity

  1. Futures – Monthly Contracts upto 12 months (Monthly expiry is 2 working days prior to last working day)
  2. Options – 4 Weekly expiry contracts, 3 Monthly expiry contracts and 3 Quarterly Expiring Contracts
  3. Option Style – European Call and Put Options

 

Mode of Settlement – Daily MTM settlement

Exposure – Single limit of USD 100 million equivalent across all currency pairs involving INR, put together, and combined across all exchanges [Refer RBI/2017-18/134 A. P. (DIR Series) Circular No. 18 dated February 26, 2018]

Subscribe to this platform and enjoy:

  1. Minimum TAT to begin trading
  2. Best in Market brokerages
  3. Zero cost to begin trading
  4. Simple KYC procedure
  5. 100% transparent pricing
  6. Best-in-market Savings/FD Rates on initial margin
  7. No requirement of underlying exposure for Individuals/Corporates upto USD 100 mio equivalent

 

Additional Benefits:

  1. Dedicated desk to execute trades for Currency derivatives
  2. Online Reports on Web and Mobile
  3. Instant and no charge limit set-up and withdrawal with Zero penalty on FD pre-closure
  4. List of securities acceptable as Collateral – Cash Lien (from Savings/Current), Fixed Deposits, Mutual Funds, Bank Guarantees.
  5. Access to daily morning currency report via SMS
  6. Flexible Brokerages schemes for market participants (Traders/Hedgers/Arbitrageurs)
  7. Available infrastructure for execution of Derivative Strategies as per client request viz. Call Spreads, Seagull, Straddles, Strangles, Butterfly etc.)

 

Downloads from Form Centre (Click Here )

Forms

  1. Currency Derivatives Account Opening Form – Individual
  2. Currency Derivatives Account Opening Form – Non Individuals
  3. Form – I(A) Request for Placement of Cash Lien
  4. Form – I(B) Request for Release of Cash Lien
  5. Form – II(A) Request for Placement of FD Lien
  6. Form – II(B) Request for Release of FD Lien
  7. Form – III Client Change Request
  8. Form – IV Request for Re-Activation
  9. Form – V (A) Request for Placement of Securities
  10. Form – V (B) Request for withdrawal of Securities
  11. Registration Documents Vernacular Language
    1. NSE – Click Here
    2. BSE – Click Here

 

Policies

Inactive Account Policy – Click Here

Contact Information
For product & account opening related queries, you can reach us at:
ETCD Desk – (+91 22) 7132 5682/3
e-mail – etcd@idfcbank.com
Back Office Tel no: (+91 22) 7132 5859/5851
e-mail: etcd-ops@idfcfirstbank.com
Compliance Officer – Mr. Rahul Srivastava (+91 22) 713 26455 & e-mail – etcd@idfcbank.com

Corporate Office Address:
Naman Chambers, C-32, G-Block
Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051

Registered Office Address:
KRM Tower, 7th Floor,
No. 1, Harrington Road, Chetpet,
Chennai - 600031

Grievance Handling
For any grievance/dispute, please contact IDFC FIRST Bank Limited at etcd-grievance@idfcfirstbank.com
If you are not satisfied with the response, please contact the exchange(s) concerned at:
BSE
e-mail: is@bseindia.com, Tele:022-22721234/33
BSE Investor Service Centre, 1st Floor, Cama Building, Dalal Street, Fort, Mumbai – 400 001
NSE
e-mail:nseiscmum@nse.co.in Tele:022-25045258-60
NSE Investor Service Cell, 6th Floor, Kohinoor City, Tower -1, Commercial - II, Kirol Road, Off. L.B.S. Marg, Kurla (W), Mumbai - 400 070

Filing complaints on SCORES - Easy & quick

  1. Register on SCORES portal
  2. Mandatory details for filing complaints on SCORES:
    1. Name, PAN, Address, Mobile Number, Email ID
  3. Benefits
    1. Effective communication
    2. Speedy redressal of the grievances
  4.  

    For FAQs please Click Here

Disclaimer: Investment in Securities Market are subject to market risk, read all related documents carefully before investing.

"Attention Investors

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  2. Update your mobile number and email ID with your stock broker/depository participant and receive OTP directly from depository on your email ID and/or mobile number to create pledge.
  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
  4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  5. Check your Securities/MF/Bonds in the consolidated account statement issued by NSDL/CDSL every month.

.......Issued in the interest of Investors"

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Contact us

REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

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