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Castor Seed
Futures Contract Specifications
(Please refer to notes, if any, listed below this contract specifications)
| Trading system |
NCDEX Trading System |
| Hours of Trading |
Effective on and from December 14, 2004 (please refer circular No. 187 dated December 14, 2004)
Mondays through Fridays
Morning Session - 10:00 AM to 05:00 PM
Pre-open Session - 05:25 PM to 05:30 PM
Evening Session - 05:30 PM to 08:00 PM
Saturdays
10:00 AM to 02:00 PM
On the expiry date, contracts expiring on that day will not be available for trading after 5 PM. |
| Basis Price |
Ex-Disa (inclusive of all taxes, excluding sales tax) |
| Unit of trading |
10 MT |
| Delivery Unit |
10 MT |
| Quotation/Base Value |
Rs. per 20 Kg |
| Tick size |
10 Paise |
| Price Band |
Limit 10%. |
| Quality specification |
Gujarat small seed,
Oil basis 47%
Foreign matter and impurities (max) 3% |
| Quantity variation |
Not less than 74.5 Kg and not more than 76 Kg |
| Premium/Discount |
- Oil content : Between 45-47%, rebate of 2:1
- Foreign matter and impurities: more than 3%, rebate 1:1
More than 6%, rejected
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| No. of active contracts |
Maximum 12 contracts or minimum 2 contracts running concurrently |
| Delivery Center |
Disa |
| Additional delivery Centre |
Patan, Kadi |
| Delivery |
Upon expiry of the contracts, if any seller with open position desires to give physical delivery at a particular delivery centre, 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 |
| Opening of Contracts |
October, November and December,2004 to be launched on 23-7-2004
Subsequently trading in any contract month will open on the 21st of the month. If the opening day happens to be a non-trading day, contracts would open on the next trading day |
| Due Date |
20th day of the delivery month. If 20th happens to be a holiday, then previous trading day. If 20th happens to be a Saturday or Sunday then the due date shall be the immediately preceding trading day of the Exchange |
| Position limits |
Member-wise: Max (Rs. 20 crore or 15% of open interest), whichever is higher
Client-wise: Max (Rs. 10 crore or 10% of open interest), whichever is higher |
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