21st October of the earlier year to 20th January of the contract year

21st November of the earlier year to 20th February of the contract year

21st December of the earlier year to 20th March of the contract year

21st January to 20th April of the contract year

21st February to 20th May of the contract year

21st March to 20th June of the contract year

21st April to 20th July of the contract year

August contract

21st May to 20th August of the contract year

September contract

21st June to 20th September of the contract yea

October contract

21st July to 20th October of the contract year

November contract

21st August to 20th November of the contract year

Monday to Friday: 
1st session: 10.00 am to 5.00 pm 
2nd session: 5.30 pm to 8.00 pm 
Saturday: 10.00 am to 2.00 pm

10 MT

100 kg

1000 MT

5%

Price Quote

Ex- Jodhpur (including all taxes). 

Initial margin

7 %

Special Margin

In case of additional volatility, a special margin at such percentage, as deemed fit, will be imposed immediately on both buy and sell sides in respect of outstanding position, which will remain in for 3 days, after which the special margin be relaxed.

10 MT (with tolerance limit of 250 Kgs) which means that if the seller delivers any quantity between 9.75 MT to 10.25 MT, it will be construed as adequate discharge of his delivery obligation of 10 MT, though he will get the value only for actually quantity delivered by him.

(a) Exchange approved warehouse at Jodhpur
(b) Central warehousing corporation at BikanerIn case of delivery at  
     CWC, Bikaner, the transportation cost from Bikaner to Jodhpur,     
     as decided by the Exchange, will be deducted from the selling 
     price. 

98% Whitish
Acceptable between 95% to < 98% with price deduction 0.5% for every 1 %
Acceptable between < 95% to 90% with price deduction of 2.0% for every 1%
Rejected below 90% 

Basis 8%
Acceptable between 8% to 10% with price deduction of 1% for every 1%
Rejected above 10% 

Basis 0.25% Acceptable between 0.25% to 2% with price deduction of 1% for every 1% or fraction thereof.Acceptable between 2% to 3% with price deduction of 2% for every 1% or fraction thereof.Rejected above 3%

It should be delivered as uniformly packed in transportable good condition Gunny Bags containing 90 to 100 kg Guarseed of abovementioned quality.

   Delivery and Settlement Procedure of Guar Seed

18th Day of Contract Month by 3:00 p.m( previous working day if 18th day is a holiday). Intention received from the seller after such cut off time will not be entertained.

Seller's option IF SELLER FAILS TO DELIVER THEN THE OPEN POSITION WILL BE SETTLED AS PER DUE DATE RATE. HOWEVER IF A SELLER HAS SUBMITTED TENDER NOTICE, AND THEREAFTER HE FAILS TO DELIVER, THEN A FINE OF 5% IS LEVIED, OUT OF WHICH 90 % WILL GO TO THE BUYER.

Buyers willing to take delivery will be required to give their intention on 18th day of the Contract month by 3 pm. In respect of allocation of delivery, priority will be given to those buyers who have given such intention. However, delivery can be allocated to other buyers also, who have not given their intention to take delivery and therefore, the buyers can give their intention on subsequent days also during the contract period. If the buyer fails to make payment for the delivery allocated to him, a penalty of 2 % will be imposed on him, out of which 90 % will be passed on to the seller tendering delivery. Further, the Buyer will not have any option about choosing the place of delivery and will have to accept the delivery as per allocation made by the exchange. 

The Seller will issue tender notice along with evidence of delivery to the Exchange in a specified format. Members shall not square off his outstanding position to the extent of tendered quantity.

The Exchange will keep on disseminating information regarding tender and delivery intentions received from the buyers and the sellers during 18th day to 20th day of the contract.

Delivery Order will be submitted in specified format giving details of Members / Registered Non-Members who shall perform delivery. It will be accompanied by a valid Warehouse Receipt, Invoice and Good Delivery Quality Certificate from Exchange designated Certifier as per Contract Specifications. Delivery order once submitted cannot be withdrawn or cancelled or changed unless so agreed by MCX in writing. Members tendering the delivery order shall clearly specify the grade and shall be in conformity with the surveyor's certificate accompanied with the delivery document and cannot be changed subsequently. Each delivery order issued shall be in multiples of minimum delivery lots and shall be designated for only one delivery center and one location in such center. The seller shall not issue delivery order at a place where there is restriction against movement of goods. In case, the seller is unable to give permit to the buyer, the same would be treated as No-Delivery and he shall be liable to pay such penalty as may be applicable for failure to tender delivery.

Fax or Courier

First amongst the willing Buyers and then amongst the other Buyers. Done on last day of the contract

Due Date Rate

Next working day after contract expuiry( 21st day of the month)

Within 3 days from the contract expiry

Deliveries can be effected from Exchange designated warehouse at Indore, which may be CWC or private warehouse. 

All outstanding positions on the expiry of contract shall be closed out at Due Date Rate and respective Pay-in and Pay-out of Funds of such close out with penalty shall be effected on 16th day of Contract month by 01.00 P.M. All Sellers with undelivered open positions as on expiry date will be imposed 3% penalty of which 90% will be passed on to buyer.

The members will provide appropriate tax forms wherever required as per law and as customary and neither of the parties will unreasonably refuse to do so.

Borne by the Seller upto Payout Date.
Borne by the Buyer after Payout Date.

As per Exchange decision due to a force majeure or otherwise

On the last day of contract maturity, the spot prices will be taken from Jodhpur, Bikaner and Sriganganagar. A deduction of 5.25 % will be made out of Jodhpur prices and then the average of all the prices will be taken. Due date rate will be calculated on the basis of average prices obtained during the last day of the contract in the manner stated above. 

The general provisions of Business Rules & decisions taken by FMC/ Board / Executive Committee in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures, warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.