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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	B twill 665 gm ex designated warehouse in West Bengal exclusive of all taxes
Unit of trading	25 bales (i.e. 500 bags per bale)
Delivery Unit	25 bales (i.e. 500 bags per bale for B twill 665 gm)
Quotation/Base Value	Rs per 100 bags
Tick size	Re 1
Price Band	Limit 10%.
Quality specification	Size: 94 cms X 57 cms Weight: 665gms (per bag) Threads:76 X 28 threads (per dm)
Also Deliverable	a. B twill 907 gm Size: 112 cms X 67.5 cm Weight: 907 gms (per bag) Threads:76 X 28 threads (per dm) (6 porters and 7 shots) 25 bales (i.e. 300 bags per bale for B twill 907 gm) b. B twill 1020 gm Size: 112 cms X 67.5 cm Weight: 1020 gms (per bag) Threads:76 X 31 threads (per dm) (6 porters and 8 shots) 25 bales (i.e. 300 bags per bale for B twill 1020 gm)
Quantity variation	+/- 2%
No. of active contracts	Maximum 12 monthly or minimum 2 monthly contracts running concurrently.
Delivery center	Warehouses notified by Exchange in West Bengal
Opening of contracts	The first contract was launched on April 12, 2004. Subsequently, trading in any contract month will open on the 21st day of the month.
Due date	20th day of the delivery months. If 20th happens to be holiday then previous trading day.
Position limits	Member-wise: Max (Rs. 20 crore, 15% of open interest) Client-wise: Max (Rs. 10 crore, 10% of open interest)
Premium / Discount	Shall be notified by the Exchange on or before the expiry date

NOTE: Please refer our circular No.NCDEX/TRADING-011/2004/035 dated 10-04-2004 wherein it has been stipulated that 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.

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