| Type of contract |
Futures Contract Specifications |
| Name of commodity |
Chilli |
| Ticker symbol |
CHLGSMBGTR |
| Trading system |
NCDEX Trading System |
| Basis |
Chilli (paala) traded as Guntur Sannam Medium Best ex warehouse Guntur inclusive of all taxes |
| Unit of trading |
5 MT |
| Delivery unit |
5 MT |
| Quotation/ Base value |
Rs. per Quintal |
| Tick size |
Re. 1 |
| Quality specification |
- Guntur Sannam medium best
- Colour - Bright Red
- Length
- Not less than 5 cms
- Chillies less than 5 cms and above 3 cms will be allowed to a maximum of 5% by weight
- Moisture should not be more than 12%*
- Foreign matter should not be more than 2%*
- Broken Chillies should not be more than 7%*
- Loose seeds should not be more than 2%*
- Damaged and discoloured pods not more than 8%*
- Pods without stalks should not be more than 10%*
* Tolerance of 0.5% of the above limits will be allowed |
| Quantity variation |
+/- 2% |
| Delivery center |
Guntur |
| Hours of Trading |
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. |
| Due date/Expiry date |
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 |
| Delivery specification |
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 |
| Closing of contract |
All open positions will be settled as per general rules and product specific regulations |
| Opening of contracts |
The first set of contracts will be launched on March 11, 2005.
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 |
| No. of active contracts |
Minimum 2 contracts with a maximum of 12 contracts running concurrently |
| Price Limit |
Limit of 5 per cent |
| Position Limits |
Member-wise: 50,000 MT
Client-wise: 5,000 MT |
| Special margins |
Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any Chilli contract on either the buy or sale side, whichever way the movement has happened, based on the first day settlement price of that contract and valid for the life of that contract. Special margins would be levied as follows
A 20 per cent and above unidirectional movement would attract a special margin of 4 per cent |
