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Derivatives

 

Get benefit from customized hedging solutions from plain vanilla options to structured swaps with daily MTM settlement and flexible margin-based trading.

With the focus on providing complete interest rate risk management solutions, we offer a full suite of interest rate derivative products.

 

Under an interest rate swap, it is an obligation for the counterparties to pay or receive interest, either fixed or floating as per the agreed terms, on an agreed amount (notional) in the same currency.”

ICICI Bank offers a vast range of Option products to cater to the diverse risk management requirements of clients. Our product range varies from plain vanilla options to structured products, enabling us to provide customisable and effective currency risk management solution to clients. 

 

A Currency option is a contract between a buyer and a seller that gives the buyer the right to buy (Call option) or to sell (Put option) an underlying currency at a future date at an agreed rate (Strike) for an agreed price (Premium). 


Similarly, an Interest rate option gives the floating rate borrower, the right to place an upper limit on the rate of interest exposure (Cap). A Collar is a combination of a bought Cap agreement and a sold Floor agreement, or vice versa.

Our risk management solution also comprises various currency swaps to hedge interest rate and the currency risks simultaneously, e.g. an Indian client who has taken a USD loan linked to USD Alternate Reference Rate (ARR) can eliminate the floating Alternate Reference Rate (ARR) risk and the currency risk due to movement in USD/INR by doing a USD-INR full currency swap. 

Currency Futures and Currency Options refer to a standardized foreign exchange contract traded on a recognized stock exchange. ICICI Bank offers trading facility on both Futures and Options through the electronic trading platform.



Features

  • This is an Exchange traded product and ICICI Bank is a trading and clearing member. 

  • ICICI Bank facilitates clients to trade in USD-INR, EURO-INR, GBP-INR and JPY-INR in currency futures. 

  • Currency option contracts are permitted in USD-INR. 

  • All futures contracts have a month end maturity (1 month, 2 month, up to 12 months) with lot size of 1,000 per unit. The lot size in case for JPY/INR is 100,000 units. 

  • All options are premium paid European options 

  • All open futures/options contracts are re-priced to closing price at every End of Day. The Mark-to-Market (MTM) profit/loss are cash settled with customers on a daily basis. 

  • Both are margin-based products - an initial margin (in cash or approved collaterals) needs to be placed by client with the Exchange through ICICI Bank. 

  • The product follows normal Futures and Options (F&O) rules and regulations of the exchanges. 

  • This product is available to domestic (person residing in India) and Foreign Portfolio Investors (FPI). 

  • Domestic clients and FPIs may trade without underlying in each currency pair, as per the prescribed limits. 

 

 

Click to download - ICICI Bank Currency Futures and Options documents

  1. Corporates, Firms, HUFs and FPIs 
  2. Individual and Sole Proprietors
  3. Investor Charter – Stock Brokers
  4. Complaint Dashboard-August-2025

 

SEBI Registration no. INZ000197438 dated September 6,2018

 

ATTENTION INVESTORS

Prevent Unauthorised Transactions in your demat/trading account --> Update your Mobile Number/email ID with your Depository Participant/Stock Broker. Receive alerts on your Registered Mobile/email ID for all debit and other important transactions in your demat/trading account directly from NSDL/CDSL/Stock Exchanges on the same day......................issued in the interest of investors.

 

In case of any grievance, write to cdsgrievance@icicibank.com .

If there is no response / if the grievance is not addressed to your satisfaction, you may lodge a complaint with SEBI on the SCORES Portal at https://scores.gov.in/scores/Welcome.html .

After exhausting the above options for resolution of the grievance, if you are still not satisfied with the outcome, you can initiate dispute resolutions through the common Online Dispute Resolution (ODR) Portal established under the aegis of the Stock Exchanges and Depositories. The ODR Portal harnesses online conciliation and online arbitration for the resolution of disputes arising from the Indian Securities Market.

The ODR Portal can be accessed at: https://smartodr.in/login .

Disclaimer

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