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What is the contract multiplier ?

April 26, 2017contract multiplier

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What is the contract multiplier ?

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The contract multiplier is the minimum number of the underlying – index or stock that a participant has to trade while taking a position in the Derivatives Segment.As of May 2008, the contract multiplier for SENSEX is 15. This means that the Rupee notional value of a sensex futures contract would be 15 times the contracted value. The following table gives a few examples of this notional value.