Module: 7(contd) - Internet Banking by ICICI Bank Ltd. - Personal Banking
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Trade In Derivatives - Futures

Through ICICIdirect.com, The Customer can now trade in index and stock futures on the NSE. In futures trading, the Customer can take buy/sell positions in index or stock(s) contracts having a longer contract period of up to 3 months. Trading in FUTURES is simple! If, during the course of the contract life, the price moves in the customer’s favour (i.e. rises in case The Customer has a buy position or falls in case the Customer has a sell position), The Customer makes a profit. Presently only selected stocks, which meet the criteria on liquidity and volume, have been enabled for futures trading.

These are tools to help the customer in calculating the customer’s margin requirements and also the index & stock price movements. The ICICIDIRECT UNIVERSITY on the HOME page is a comprehensive guide on futures and options trading.

An option is a contract, which gives the buyer the right to buy or sell shares at a specific price, on or before a specific date. For this, the buyer has to pay to the seller some money, which is called premium. There is no obligation on the buyer to complete the transaction if the price is not favorable to him. To take the buy/sell position on index/stock options, the customer have to place certain % of order value as margin. With options trading, the customer can leverage on the customer’s trading limit by taking buy/sell positions much more than what the customer could have taken in cash segment.

The Buyer of a Call Option has the Right but not the Obligation to Purchase the Underlying Asset at the specified strike price by paying a premium whereas the Seller of the Call has the obligation of selling the Underlying Asset at the specified Strike price

The Buyer of a Put Option has the Right but not the Obligation to Sell the Underlying Asset at the specified strike price by paying a premium whereas the Seller of the Put has the obligation of Buying the Underlying Asset at the specified Strike price.

By paying lesser amount of premium, The customer can create positions under OPTIONS and take advantage of more trading opportunities.

The customer could also invest in Initial Public Offers (IPOs) online without going through the hassles of filling ANY application form/ paperwork. Get in-depth analyses of new IPOs issues (Initial Public Offerings) which are about to hit the market and analysis on these. IPO calendar, recent IPO listings, prospectus/offer documents, and IPO analysis are few of the features, which help the customer, keep on top of the IPO markets.

There are a host of features on ICICIdirect.com that shall help the customer make informed investment decisions

• The Bank provides the customer with the indices of major world market nifty futures and ADR prices daily share prices of all Scrips, monthly and yearly high/lows etc through Market Watch.

• Get breaking new from CNBC and Reuters. Catch a glimpse of News Headlines through our scrolling Direct News Headlines

• Get a snapshot of the latest developments in the markets through the day using Market Commentary. The customer can get week snapshot also. Use Pick of the week, which focuses on fundamental stocks with sound prospects.

• Catch interviews, reactions and comments from industry leaders.

• Equip the customer with our barometers.Market Barometer gives the customer in-depth information of the weightages of shares on Nifty and Sensex. Get a glimpse of the performance of various industry sectors through Industry Barometer.

• Direct Technical Charts offer interactive charting with advanced indicators. Get a bird's eye view of over 5000 companies at a single click using Company Snapshot. Glance through analyst recommendations using Multex Global Estimate.

• In case, the customer are not too comfortable with share trading, try our Learning Centre, which is a tutorial on investments and My Research, that helps the customer to research a stock better.

Use our Personal Finance section and get hold of tools that can help the customer plan his investments, retirement, tax etc. Analyse the customer’s risk profile and get a suitable investment portfolio plan using Asset Allocator.

• With 'ICICIdirect Customer Tools & Updates' The customer can trouble shoot all the customer’s problems online

• Address the customer’s trading queries on-line through "Easy Mail". The Customer can view and change the customer’s profile or password on-line.

• Get details of ICICI centers, our sales and service offices, across India through branch locator

• View the customer’s Account Statement and Bill Summary of his transactions online using bills & accounts.

• View the customer’s Digital Contract Notes instantly

• Give the customer’s viewpoint through Opinion Polls online.

A Unique 3-in-1 account that gives the customer

The 3-in-1 account integrates the customer’s banking, broking and demat accounts. This enables The Customer to trade in shares without going through the hassles of tracking settlement cycles, writing cheques and Transfer Instructions, chasing the customer’s broker for cheques or Transfer Instructions etc.

The customer can now get the latest quotes of Scrips on ICICIdirect.com and place an order almost instantly.

The Customer can be assured that the Customer have in fact placed an order at the price The Customer always wanted to, but may not have been able to do so till now. Thereby giving the Customer control over the customer’s own trades.

Instead of transferring monies to a broker's pool or towards deposits, the customer can manage his own demat and bank accounts when he trades through ICICIdirect.com

ICICIdirect.com comes to the customer from ICICI, the organisation trusted by millions of Indians.

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