| 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 |
Guar Gum (Refined Guar splits) |
| Unit of trading |
5 MT |
| Quotation/base value |
Quintal |
| Tick Size |
Re.1.00 |
| Delivery Unit |
5 MT
Specifications:
- 80 kgs net per bag in good quality jute bags
- Bag weight must be 800 gms minimum
- Bags must not be torn or darned
- Bag must not be marked and/or stenciled other than bag manufacturer's quality indicating mark.
- Inside the bag there must be polyliner
|
| Quality Specification |
Residue Insoulble in Acid- 3.00% (Max)
Protein - 5.00% (Max)
Undehusked Splits- 10.00%
Black, dark red and brown coloured splits - 1.00% (Max)
Through 14" mesh - 3.00% (Max)
Through 20" mesh - 0.10%
Moisture - 8%
Foreign Particles (all non gum particles) - 0.20% |
| Quality allowance |
The quality allowance in respect of Guar Gums is as follows:
Undehusked splits upto 10.00% acceptable
Above 10.00 % to 12% on half rebates accepted. i.e.,
Above 10.00 % to 10.50% - 0.25 %
Above 10.50 % to 11.00 % - 0.50%
Above 11.00 % to 11.50 % - 0.75%
Above 11.50 % to 12.00 % - 1.00%
Above 12% rejected
Through 20% mesh upto 0.10% acceptable
Above 0.10 % to 0.25% on single rebate accepted, i.e.,
Above 0.10 % to 0.15% - 0.05%
Above 0.15 % to 0.20% - 0.10 %
Above 0.20 % to 0.25 % - 0.15%
Above 0.25 % rejected
Moisture upto 8% acceptable
Above 8.00 % to 10.00 % on single rebate accepted, i.e.,
Above 8.00 % to 8.50 % - 0.5 %
Above 8.50 % to 9.00 % - 1.0 %
Above 9.00 % to 9.50 % - 1.5%
Above 9.50 % to 10.00 % - 2.00%
Above 10.00% rejected
Foreign particles (all non gum particles ) Upto 0.20 % acceptable
Above 0.20 % to 0.50 % on double rebate accepted, i.e.,
Above 0.20 % to 0.25 % - 0.10 %
Above 0.25 % to 0.30 % - 0.20 %
Above 0.30 % to 0.35 % - 0.30 %
Above 0.35 % to 0.40 % - 0.40%
Above 0.40 % to 0.45 % - 0.50 %
Above 0.45 % to 0.50% - 0.60%
Above 0.50% rejected
Packing:
Liner Missing - Rs 6.00 per bag |
| Quantity Variation |
+/- 2%, corresponding rates will be applicable |
| Delivery Centers |
Jodhpur |
| 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. |
| Basis Price |
Ex Designated warehouse, Jodhpur inclusive of all taxes |
| No. of Active contracts |
Maximum 12 contracts or minimum 2 contracts running concurrently. |
| Opening of contracts |
October, November and December 2004 contracts to be launched on July 26, 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 due date shall be the immediately last preceding trading day of the Exchange. |
| Closing of contract |
All open positions will be settled as per general and product specific regulations |
| Price Band |
Limit 10%. |
| Position limits |
Member-wise: Max (Rs. 20 crore, 15% of open interest), whichever is higher
Client-wise: Max (Rs. 10 crore, 10% of open interest), whichever is higher |