Hedge risk, express conviction
Exchange-traded and centrally-cleared derivatives — index and single-stock options, futures, FX forwards, and rate swaps — with daily margining and a default fund standing behind every trade.
A full toolkit for risk transfer
Standardised, cleared contracts across equities, indices, currencies, rates, and commodities — built for hedgers and traders alike.
Index Futures
Cash-settled futures on the ContiSX benchmark indices — efficient, leveraged exposure to the broad market for hedging or directional views.
Single-Stock Options
Calls and puts on liquid listed equities. Define your risk, harvest volatility, or protect a position with exchange-cleared contracts.
Index Options
Portfolio-level hedging and yield strategies on the index — spreads, collars, and overwrites with transparent, margined pricing.
FX Forwards & Futures
Lock in exchange rates for cross-border flows. Deliverable and non-deliverable contracts on major and African currency pairs.
Interest-Rate Swaps
Exchange fixed for floating to manage funding and duration risk. Centrally cleared with standardised, transparent terms.
Commodity Futures
Price-hedge physical exposure across agriculture, energy, and metals — supporting Africa's producers and processors with real risk transfer.
Specifications at a glance
Clearing, margin, settlement, and leverage across the core contract families.
| Attribute | Index Futures | Equity Options | FX Forwards | Rate Swaps |
|---|---|---|---|---|
| Clearing | CCP | CCP | CCP | CCP |
| Margin model | SPAN-style | Premium + risk | Var. margin | Portfolio |
| Settlement | Cash, T+1 | Cash/physical | Deliverable/NDF | Net coupon |
| Leverage | Up to 10× | Defined-risk | Up to 20× | Notional |
| Mark-to-market | Daily | Daily | Daily | Daily |
Every trade, guaranteed by the CCP
Trade Execution
Orders match on the derivatives order book or are booked as cleared bilateral trades via a member.
Novation to CCP
The central counterparty becomes buyer to every seller and seller to every buyer, removing bilateral risk.
Margining
Initial and variation margin are calculated and collected daily; portfolios are marked to market.
Settlement / Expiry
Contracts settle in cash or physical delivery at expiry, with the default fund backstopping the system.
Institutional-grade risk controls on every position
Leverage demands discipline. ContiSX pairs a robust clearing house with real-time pre-trade risk checks, position limits, and portfolio margining so exposure stays inside guardrails at all times.
Derivatives, answered
A derivative is a contract whose value is derived from an underlying asset — a stock, index, currency, rate, or commodity. Futures, options, forwards, and swaps let you hedge risk or take leveraged exposure without owning the underlying directly.
Yes. Exchange-traded and eligible bilateral derivatives are novated to a central counterparty (CCP), which margins positions daily and guarantees performance — eliminating counterparty credit risk between members. ContiSX operates with licensed CCPs.
You post initial margin when opening a position and variation margin as the market moves against or in your favour. Positions are marked to market daily, and portfolio margining nets offsetting risks to improve capital efficiency.
Absolutely — hedging is a primary use case. Index and single-stock options protect equity portfolios, FX forwards lock exchange rates for cross-border flows, and rate swaps manage funding and duration risk.
Derivatives carry leverage and require a suitability assessment. Qualified investors and members trade through the derivatives order book, subject to margin, position limits, and pre-trade risk controls.
Related markets & instruments
Manage risk with precision
Access cleared futures, options, and swaps to hedge exposure or express your market view — with institutional risk controls built in.