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  Mulberry Cross breed(CB)/Bivoltine (B) Cocoons
 
Futures Contract Specifications
(Please refer to notes, if any, listed below this contract specifications)
NCDEX Trading System
Ex-warehouse, Ramnagaram exclusive of all sales taxes
50 Kg
50 Kg
Rs./kg
Re 0.25
Mulberry Cross breed(CB)/Bivoltine(B) Cocoons

Basis: Grade B

Also deliverable: Grade A and Grade C

+/- 5% for total weight of each deliverable lot
Ramanagaram
Shiddlaghatta
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

Trading Hours - 10.00 a.m. to 2.00 p.m.
Closing session - 2.15 p.m. to 2.30 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 with a maximum of 12 contracts running concurrently
The first set of contracts will be launched on January 20, 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
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
10 per cent
Member-wise: 500 MT  (5,00,000 kg)

Client-wise: 100 MT (1,00,000 kg) 

Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any silk cocoons 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.

A unidirectional movement of 20 per cent and above would attract a special margin of 1 per cent, movement of 25 per cent and above would attract a special margin of 2 per cent and finally a movement of 30 per cent and above would attract a special margin of 3 per cent .

 
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