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  Cashew
Futures Contract Specifications
Cashew
CSHW320KLM
NCDEX Trading System
W 320 Ex- warehouse Kollam exclusive of all taxes.
50 cartons
50 cartons
Rs. per carton.
The price quote would be on net basis and the net weight of each carton would be 22.68 kg.
Re. 1
  • Color and characteristics
    • White Wholes
    • White/pale ivory/light ash and Characteristic shape
  • Count/454 gm size description
    • 300-320
  • Moisture - 4% maximum
  • Brokens allowed - 5% maximum
  • Next lower size grade and next lower grade -
    • 5 %( Next lower size grade & Scorched wholes together )
  • Kernels shall be completely free from infestation, insect damage, mould rancidity, adhering testa and objectionable extraneous matter.
  • Scraped and partially shriveled kernels also permitted provided such scraping/shriveling does not affect the characteristic shape of the kernel.
+/- 1%
Kollam
Mangalore
As per directions of the Forward Markets Commission from time to time, currently -

Mondays through Fridays :
Morning Session - 10:00 a. m. to 05:00 p.m.
Pre-open Session - 05:25 p.m. to 05:30 p.m. · Evening Session - 05:30 p.m. to 08:00 p.m.

Saturdays : 10.00 a.m. to 2.00 p.m.

On the expiry date, contracts expiring on that day will not be available for trading after 5.00 p.m.

Upon expiry of the contracts, if any seller with open position desires to give delivery at a particular delivery center, then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery
Minimum 2 contracts and maximum 12 contracts running concurrently.
The first set of contracts will be launched immediately upon approval of the Forward Markets Commission

Subsequently, trading in any contract month will open on the 21st day of the month. If the 21st day happens to be a non-trading day, contracts would open on the next trading day
20th day of the delivery month

If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange
All open positions will be settled as per general rules and product specific regulations
Limit of 5%
Member-wise: 2,00,000 cartons 

Client-wise: 50,000 cartons

Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any Cashew futures contract on either the buy or sale side whichever way the movement has happened based on the first day settlement/clearing price of that contract and valid for the life of that contract. Special margins would be levied as follows:

A 20 per cent rise or fall from the closing price of first day would attract a special margin of 4 per cent of the value of the contract by buyer or seller depending on whether price rises or falls.

 
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