| Type of contract |
Natural Whitish Sesame Seeds Futures Contract Specifications |
| Name of commodity |
Natural Whitish Sesame Seeds Futures Contract |
| Ticker symbol |
SESNW98RKT |
| Trading system |
NCDEX Trading System |
| Basis |
Ex-warehouse Rajkot exclusive of all sales taxes |
| Unit of trading |
5 MT |
| Delivery unit |
5 MT packed in 80 kgs net basis in sound jute bags |
| Quotation/ Base value |
Rs./Quintal |
| Tick size |
Rs. 5 |
| Quality specification |
Natural Whitish Sesame Seeds 98x2x2 grade with the following specifications:
| Whitish seed |
98% min |
| Other coloured seeds |
2% max |
| Admixture |
2% max |
| FFA |
2 % max |
| Moisture |
6% max |
| Rain damaged, touched or rain affected seeds |
1% max |
|
| Quantity variation |
+/- 5% |
| Delivery center |
Rajkot |
| Additional delivery center |
Unjha, Gandhidham, Gwalior, Agra |
| Also deliverable |
Natural Whitish Sesame Seeds of 99x1x1 grade
Natural Whitish Sesame Seeds of 98x2x1 grade
Natural Whitish Sesame Seeds of 98x2x3 grade Natural Whitish Sesame Seeds of 97x3x2 grade
Natural Whitish Sesame Seeds of 96x4x2 grade
Natural Whitish Sesame Seeds of 95x5x2 grade |
| 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 upon approval of the Forward Markets Commission
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 4 per cent |
| Special Margins |
Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any sesame seed 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 20 per cent rise or fall from the closing price of first day would attract a special margin of 4 per cent of the value of the contract by buyer or seller depending on whether price rises or falls. |
| Position limits |
Member-wise : 25,000 MT
Client-wise : 5,000 MT |
| Premium/Discount |
Premium/discount for admixture:
- Natural Whitish Sesame Seeds of 98x2x1 grade with admixture of 1% max with remaining specifications same as above shall be acceptable at a premium of 1%
- Natural Whitish Sesame Seeds of 98x2x3 grade with admixture of 3% max with remaining specifications same as above shall be acceptable at a discount of 1.5:1
Premium/discount for whitish seeds and other coloured seeds
- Natural Whitish Sesame Seeds of 99x1x1 grade with whitish seeds 99% min; other coloured seeds 1% max; admixture 1% max with remaining specifications same as above shall be acceptable at a premium
- Natural Whitish Sesame Seeds of 97x3x2 grade with whitish seeds 97% min; other coloured seeds 3% max; admixture 2% max with remaining specifications same as above shall be acceptable at a discount of Re 1 per kg of the quantity delivered
- Natural Whitish Sesame Seeds of 96x4x2 grade with whitish seeds 96% min; other coloured seeds 4% max; admixture 2% max with remaining specifications same as above shall be acceptable at a discount of Rs 3 per kg of the quantity delivered
- Natural Whitish Sesame Seeds of 95x5x2 grade with whitish seeds 95% min; other coloured seeds 5% max; admixture 2% max with remaining specifications same as above shall be acceptable at a discount as notified by the Exchange
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