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Currency Derivatives

What are Currency Derivatives?


Currency derivative is a contract between the seller and buyer, whose value is to be derived from the underlying asset, the currency amount. A derivative based on currency exchange rates is a future contract which stipulates the rate at which a given currency can be exchanged for another currency as at a future date.

Currency Futures


Paterson offers its clients advisory and brokerage services for trading in the world's most traded financial instrument – Currency Futures – through MCX-SX and NSE. Currency Futures, an instrument in the Currency Derivatives segment, are similar in nature to Stock or Index Futures contracts.

Contract Period: Available for the ensuing 12 months from the date of the contract
Expiry: Monthly expiry on the last business day of the month.
Settlement: The Mark-to-Market for Currency Futures is settled on a daily basis

We offer a comprehensive portfolio with the most traded exchange rates as the underlying for currency futures contracts:
INR: USD
INR:EUR
INR:CHF
INR:JPR

Benefits of Currency Futures:


Hedging forex risks
Potential to monetize fluctuations in exchange rates
High Liquidity
Extended trading hours - 9 am to 5 pm (Monday to Friday)
Small lot size of only US $1000 with low exchange specified margins


Currency Futures is ideally suited for those who have foreign currency exposure such as,


SMEs / Individuals involved in Imports/Exports
Corporate/ Institutions involved in Imports/Exports


The PatEdge: Our value proposition


Personalised Service
Flexible Brokerage
Hedging Capability
Online and offline platforms available

SEBI Regn – (CASH) INB231367195, (derivatives) INF231367195, (currency) INE231367195 || BSE: Member ID – 3083 | SEBI Regn – (cash) INB011367134, (derivatives) INF011367134, (WDM) Clearing no.: 3083 || MSE: SEBI Regn – (cash) INB041251431 || MCX-SX: Member ID – 32700 | SEBI Regn – (currency) INE261367192 || CDSL DP: SEBI Regn – IN-DP-CDSL-312-2005 || PMS: SEBI Regn – PM/INP 000005422 || MF: AMFI Regn – ARN 3077 || MCX: Member ID - 31420 | FMC Unique Member Code - MCX/TCM/CORP/1175.

For grievances, mail us at : customer.grievance@paterson.co.in