This document provides a 10 step guide to trading futures and options on the ICICIdirect trading platform. The steps include logging in, selecting an account, allocating funds, viewing contract details and placing orders. Key points covered are futures vs options, margin requirements, order types, tracking open positions and squaring off or closing positions. The guide provides screenshots and explanations at each step to clearly outline the process for trading futures and options contracts.
Odoo 15 - Purchase agreement (blanket order)Celine George
The purchase operations are automated and this will eventually result in quick documentation. Generation of RFQ and purchase orders are easily carried out securely in the Odoo 15 Purchase module. Odoo 15’s Purchase module assists you in managing the purchase processes of the company. Blanket Order is used for such products which are repeatedly bought from the vendor and look forward to having purchased from the same supplier for a long term.
Odoo 15 Purchase Agreement (Call for Tender)Celine George
The purchase operations are automated and this will eventually result in quick documentation. Generation of RFQ and purchase orders are easily carried out securely in the Odoo 15 Purchase module. Odoo 15’s Purchase module assists you in managing the purchase processes of the company. With the Call for Tender option, you can select a vendor by inviting multiple tenders from the vendors.
The down payment operations are well appreciated among people as it will allow the customers to acquire the product only for a percentage of the total amount at the initial stage and could pay back to the seller in small amounts for a duration until the total sum is met. Odoo 15 supports the down payment operations and allows the users to configure it as per the company requirement.
How to Make Down Payments in Odoo 17 Sales AppCeline George
The amount that a buyer pays beforehand towards the entire cost of an item, such as a Home, Automobile, Electronics, Installments, or any other product or service, is known as a down payment. Debt, interest, and monthly payment amounts for the borrower may all be greatly decreased as a result. In order to confirm the supply of their goods or services to the client, the merchant takes a down payment, with the expectation that the remaining balance will be paid later.
For any business, purchase management is an inevitable and significant component. With effective purchase decisions and strategies, companies can have significant cost savings. The procurement processes are handled by the purchase department.
- Buying materials, equipment, services, and other goods required for manufacturing the product that has to be delivered to the customer is the responsibility of the purchase department of the company.
How to Request a Down Payment in Odoo 15Celine George
Odoo 15 supports the down payment operations and allows the users to configure it as per the company requirement. The down payments in Odoo can be configured to be done based on a fixed amount or on a percentage basis. Down payments are the payment methodology that entertains various business organizations to provide its customers with an option to make the payment for the purchase in terms of a longer or a shorter period of time.
How to Create Purchase Order in Odoo 14Celine George
The odoo purchase management module will provide an act as the complete management solution to deal with the purchase aspects of the company that would indulge in operations such as vendor management, vendor bills, stock updation, quality checks, and the other aspects of the purchase operations to be dealt with in the company.
Everything you need to know about Synthetic Indices Vince Stanzione for Deriv...Vince Stanzione
Synthetic indices are unique indices that mimic real-world market movement but with a twist — they are not affected by real-world events. These indices are based on a cryptographically secure random number generator, have constant volatility, and are free of market and liquidity risks. Vince Stanzione E-Book explains more
1) Configure Tally.ERP 9 to create POS Invoice
2) Create POS invoice with / without voucher class
3) Generate POS Invoice for single and multi-mode payment
4) Enter zero valued entries in POS invoice
5) Record batch-wise details in a POS Invoice
6) Print the POS Invoice
7) Generate and print POS Register
POS system is a computerised cash register which adds up the sales totals, calculates the
balance to be returned to buyer and automatically adjusts the inventory levels to reflect the
quantity sold. The equipment required for POS to work effectively are cash registers, card
readers, bar-code scanners and so on.
Odoo 15 - Purchase agreement (blanket order)Celine George
The purchase operations are automated and this will eventually result in quick documentation. Generation of RFQ and purchase orders are easily carried out securely in the Odoo 15 Purchase module. Odoo 15’s Purchase module assists you in managing the purchase processes of the company. Blanket Order is used for such products which are repeatedly bought from the vendor and look forward to having purchased from the same supplier for a long term.
Odoo 15 Purchase Agreement (Call for Tender)Celine George
The purchase operations are automated and this will eventually result in quick documentation. Generation of RFQ and purchase orders are easily carried out securely in the Odoo 15 Purchase module. Odoo 15’s Purchase module assists you in managing the purchase processes of the company. With the Call for Tender option, you can select a vendor by inviting multiple tenders from the vendors.
The down payment operations are well appreciated among people as it will allow the customers to acquire the product only for a percentage of the total amount at the initial stage and could pay back to the seller in small amounts for a duration until the total sum is met. Odoo 15 supports the down payment operations and allows the users to configure it as per the company requirement.
How to Make Down Payments in Odoo 17 Sales AppCeline George
The amount that a buyer pays beforehand towards the entire cost of an item, such as a Home, Automobile, Electronics, Installments, or any other product or service, is known as a down payment. Debt, interest, and monthly payment amounts for the borrower may all be greatly decreased as a result. In order to confirm the supply of their goods or services to the client, the merchant takes a down payment, with the expectation that the remaining balance will be paid later.
For any business, purchase management is an inevitable and significant component. With effective purchase decisions and strategies, companies can have significant cost savings. The procurement processes are handled by the purchase department.
- Buying materials, equipment, services, and other goods required for manufacturing the product that has to be delivered to the customer is the responsibility of the purchase department of the company.
How to Request a Down Payment in Odoo 15Celine George
Odoo 15 supports the down payment operations and allows the users to configure it as per the company requirement. The down payments in Odoo can be configured to be done based on a fixed amount or on a percentage basis. Down payments are the payment methodology that entertains various business organizations to provide its customers with an option to make the payment for the purchase in terms of a longer or a shorter period of time.
How to Create Purchase Order in Odoo 14Celine George
The odoo purchase management module will provide an act as the complete management solution to deal with the purchase aspects of the company that would indulge in operations such as vendor management, vendor bills, stock updation, quality checks, and the other aspects of the purchase operations to be dealt with in the company.
Everything you need to know about Synthetic Indices Vince Stanzione for Deriv...Vince Stanzione
Synthetic indices are unique indices that mimic real-world market movement but with a twist — they are not affected by real-world events. These indices are based on a cryptographically secure random number generator, have constant volatility, and are free of market and liquidity risks. Vince Stanzione E-Book explains more
1) Configure Tally.ERP 9 to create POS Invoice
2) Create POS invoice with / without voucher class
3) Generate POS Invoice for single and multi-mode payment
4) Enter zero valued entries in POS invoice
5) Record batch-wise details in a POS Invoice
6) Print the POS Invoice
7) Generate and print POS Register
POS system is a computerised cash register which adds up the sales totals, calculates the
balance to be returned to buyer and automatically adjusts the inventory levels to reflect the
quantity sold. The equipment required for POS to work effectively are cash registers, card
readers, bar-code scanners and so on.
Snam 2023-27 Industrial Plan - Financial Presentation
Fno nri
1. A step by step guide
to trading in
Future & Options
2. Experience fast, easy, transparent and hassle-free trading with ICICIdirect.com!
No paperwork
No regulatory hassles
No delays in
•
execution of orders
3. Step 1: Log on to www.icicidirect.com
To start trading, you need to login by clicking on the Login button.
4. Step 2: Login
Enter your user ID and password and log in to the ‘Trading’ screen.
5. Step 3: Click to select account
On the ‘Trading’ page, click ‘SELECT ACCOUNT’ as shown.
(According to regulatory guidelines, NRIs can trade in F&O through the Non PINS NRO - NPNRO
account only. To trade in F&O, you should have sufficient funds in your NPNRO account.)
6. Step 4: Select account
Select your NPNRO account and F&O-Trading as shown and click Select.
8. TRADING IN FUTURES
FUTURES
➢A future is a legally binding agreement to buy or sell a financial
instrument sometime in future where in quantity (lot size) and delivery
time (expiry date fixed)
➢Contracts are standardized and trading is centralized
To start trading in F&O, you need to allocate funds in the F&O segment from your Non-PINS NRO
account. To do so, click ‘Modify Allocation’ as shown.
9. Step 5: Allocation of Funds
Say you want to add Rs. 9,80,178.78 to the Futures & Options segment.
Add the corresponding amount, select the drop down shown and then click Submit. This will
transfer Rs. Rs. 9,80,178.78 from your net withdrawal balance to gross allocation.
10. The corresponding allocated amount would get reflected , in Limit page section as shown below.
You can see your purchasing power in this section. Limit = (Allocation +Amount receivable by
you – Amount payable by you)
11. To know about Lot Size, Initial Margin Percentage and Minimum Margin Percentage for all F&O
scrips, click ‘Stock List’, as shown, select the Product Type (Futures or Options) and click View.
Step6 : To place orders from Stock List
You can select the product & stock code name in which you would like to trade. Say for example,
you select FUTURES as product & NIFTY as stock code, this would land you to the screen shown
in page 14 of this document.
12. Calculation of Margin Requirement for F&O
Visit the ‘Know Your Margin’ page by clicking ‘Know Your Margin’, as shown.
Fill the corresponding entries as per the product type and click Select Contract
In the following example, the margin requirement is calculated as Rs. 23,218 to buy 1 lot (50 units
for NIFTY)of Futures Contract for NIFTY MAY. at Rs. 3,752.
13. Step 6 : To place orders
➢Click ‘Place Order’ as shown
➢If you know the code of the option, enter it in ‘Stock Code’. If not, you can get the code from the
Find a Symbol link
➢Select the product as Futures and click Select Contract
14. Step 7: Contract Details
You may select the desired contract that you want to buy.
For example, if you want to buy the NIFTY May contract, click Buy, as shown.
You may also add these stock codes to ‘My Favourites’ so that on your next log-in you can select
them from that list.
15. Step 8: Place an order in Futures
➢Select the desired quantity to be traded. In F&O, you can trade in quantities that are in multiples
of lot sizes only. Say you want to buy 1 lot of NIFTY Futures. In this case, the quantity size will be
50
➢You may put the limit order at your desired price by selecting the Order type as ‘Limit’. Or else,
during market hours, you may set the Order Type as ‘Market’ to execute the order at the market
price. Then click Submit . The order confirmation screen then appears, where you can verify the
order details and confirm the order placed
➢You may also set the Stop Loss Trigger Price. Click ‘Explain’ for details
16. Step 9:View Order Book
To view the status of the orders placed , click 'Order Book'. Select the product as
'Futures' ,select the corresponding dates and click 'Go'.
17. Trade Book For F&O
Click ‘Trade Book’. On the resulting page, you will be able to view the details of executed trades
only and not all the Orders.
You can see the trade date, contract description, action, quantity, price, value, brokerage and order
reference as shown below.
18. Step 10 : Squaring off or to add margin
➢Once the orders are executed, to square off the orders placed for profit/loss or to maintain the
margin on positions, click ‘Open Positions’
➢On the ‘Open Positions’ page, select the product as ‘Futures’ and click Go. Click Square Off to
place an opposite position / square off order to the initial position order
➢The minimum margin is the margin that should be maintained at all points of time to retain your
position. If the margin on your positions falls close to the minimum margin, you can add the
margin amount by clicking Add Margin. This step is required to avoid automatic squaring off by
the system due to shortage in minimum margin requirement.
19. ➢On clicking Square Off on the ‘Open Positions’ (previous) page, you would land on the
following page, where you need to fill the specifications of the square-off order.
➢Here in our example of 1 lot of NIFTY MAY Futures contract bought at level of 3572 , the
square off order for this contract would be SELL order as shown below.
➢After filling the details of quantity and price , click Submit to proceed for order confirmation
➢After order confirmation, you can visit the order book by clicking ‘Order Book’, where now you
can see the details of the original as well as the squared off orders and their status.
20. TRADING IN OPTIONS
Select Futures Contract
Step 1: Select an Option contract
➢Click ‘Place Order’ as shown
➢If you know the code of the option, enter it in ‘Stock Code’. If not, you can get the code from the
Find a Symbol link
➢Select the product as OPTIONS, Option Type as Call and click Select Contract
21. ➢You would have three different-month contracts in each underlying. For Options, the
➢exchange will introduce contracts in each month. Price fluctuations result in a new contract
being introduced by the exchange from time to time
➢This page shows the expiry dates, strike price, the minimum lot size and the last traded price
(LTP) (always shown in terms of the premium)
➢ If you want to buy an Options contract, click Buy. To get a quote, click Get Quote
22. Step 2 : Place an order
➢Select the desired quantity to be traded. In Options, you can trade in quantities that are in
multiples of lot sizes only. Say you want to buy 1 lot of NIFTY Options. In this case, the quantity
size will be 50
➢You may put the limit order, at your desired price by selecting the Order Type as ‘Limit’. Or else,
during market hours, you may select the Order Type as ‘Market’ to execute the order at the market
price. Then click Submit . The order confirmation screen then appears, where you can verify the
order details and confirm the order placed
➢You may also set the Stop Loss Trigger Price. Click Explain for details
23. Similar to the Futures segment, you can view the status of the orders placed by clicking ‘Order
Book’, details of executed trades in 'Trade Book' and also square off or close existing orders and
book profits / loss by clicking 'Open Positions'.
Step 3 & 4 :In order book & trade book ,select the product as OPTIONS, select the corresponding
dates and click Go
Step 5 :After the orders are executed, to square off the orders placed for profit/loss or to
maintain the margin on positions, click ‘Open Positions’
➢Select the product as OPTIONS and click Go. Click Square Off to place an opposite position /
square off order to the initial position order
➢A buyer of an Option can exercise or square off the initial order. All stock options can be
exercised before expiry whereas index options can be exercised at expiry only. However, squaring
off a contract can be done any time during the validity of the contract
➢If you have sold an Option, the minimum margin is the margin that should have maintained at all
points of time to retain your position . If margin on positions falls below the minimum margin, you
can add the margin amount by clicking the Add Margin link. This step is required to avoid
automatic squaring off by the system. If you have sold the option, you can square off the contract
any time during the validity of the contract by placing buy order for the contract initially sold
24. ➢On clicking Square Off, on the Open Positions (previous) page, you would land on the
following page, where you need to fill the specifications of the square-off order
➢In our example , we had initially bought the call option at premium of Rs 80, and we are now
placing a square off order ( SELL in this case) at premium of Rs 90
➢After filling the details, click Submit to proceed for order confirmation
➢After order confirmation, you can visit the order book by clicking Order Book, where now you
can see the details of the original as well as the squared-off order and their status
25. Cash Projection For F&O
Click ‘Cash Projections' The page would then give the details of the debits or credits made into
your account, towards the daily settlements carried out.
26. Portfolio Details For F&O
•On the ‘Portfolio Details’ page, you can view the details of the transactions that are already in
your portfolio details, along with the exchange and the product
•It also shows you the profit/loss, whether unrealized or realized of all contracts that are traded in
your account for the duration selected by you. Select the Product and click on View
•To view the details of the contracts, click View Details
27. Research Products for F&O
Daily Derivatives, Weekly Derivatives, Roll over Monitor, ICLICK-2-GAIN*, etc.
(* ICLICK-2-GAIN is currently for UAE, Bahrain and Oman)
28. Taxation for NRI -F&O
•Derivatives income for NRIs is treated as profit/loss from business income
•Applicable taxes will be deducted at source for transactions entered into through
www.icicidirect.com
•Intra-month set-off between profits and losses for deduction of taxes
•TDS is blocked during the calendar month on the cumulative net profit on the derivatives
portfolio
The cumulative net profit is derived as:
➢Futures
Profit/Loss on square off
End-of-Day (EOD) Mark-to-market Profit/Loss
➢Options
Premium receivable on writing of option contracts
Premium payable on buying of option contracts
Profit on exercise
Loss on assignment
Profit/Loss on square off
Brokerage, Service Tax, Securities Transaction Tax, Transaction Charges, SEBI Turnover Charges
and Stamp Duty are treated as cash outflow and deducted from profits achieved to arrive at net
cumulative profit for calculation of TDS.
29. Taxation for NRI -F&O
The blocked TDS amount can be seen on the page: F&O Limit Page > Usage of Limit > Group ID
9.
TDS is nil if there is a cumulative net loss.
The tax amount is uncrystallized/blocked during the month as it can change on account of
profit/loss on further transactions.
30. Taxation for NRI -F&O
The TDS amount is crystallized / pay-in is done at the end of the month.
The crystallised TDS amount can be seen on the page: F&O > Cash Projections page > NRI's TDS
Projection link.
31. To know more about NRI F&O (account opening / registration for F&O, trading, settlement, taxation
, brokerage charges etc)
Please visit our FAQ section at our website using the following path:
www.icicidirect.com → FAQ's (Customer Service section)--> NRI FAQ---> NRI FAQ (Derivatives –
Futures & Options)
32.
33. Disclaimer:
The contents mentioned herein above are solely for informational purpose and may not be used
or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities
or other financial instruments. While due care has been taken in preparing this Demo, I-Sec and
affiliates accept no liabilities for any loss or damage of any kind arising out of any inaccurate,
delayed or incomplete information nor for any actions taken in reliance thereon. The contents
herein above are not directed or intended for distribution to, or use by, any person or entity who is
a citizen or resident of or located in any locality, state, country or other jurisdiction, where such
distribution, publication, availability or use would be contrary to law, regulation or which would
subject I-Sec and affiliates to any registration or licensing requirement within such jurisdiction.
Kindly read the Risk Disclosure Documents as prescribed by the regulators /exchanges carefully
before investing.