2: Logging In Upfront Allocation of Required Margins. Rs.00 GST, shortfall 75,.12.00GST, rural (AMB) Rs 1,000/- shortfall 50,.00 GST. For example, consider that you are an exporter and USD/INR two month futures contract is currently trading.49 per dollar. Step 1: Opening SBI FX Trade Account. Notional value of the contract:,000 he needs to pay upfront a margin of 5 (approx. If you are an importer you can 'buy' a currency futures contract to "lock in" a price for your purchase of actual foreign currency at a future date. So on a single contract of 1000, he makes a gain.2000. The trading account will be linked to a Savings/ Current account specified by the customer in the account opening form.
For a better and safer user experience, please upgrade your browser. To trade in currency futures, the client needs to give the required margins upfront to the Bank. He makes a gain.1000 on this contract. You have an export receivable after two months and you find the current level very attractive. 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.
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