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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 Price |
Ex-warehouse basis Muzaffarnagar inclusive of all taxes |
| Unit of trading |
10000 Kgs (=10 MT) |
| Quotation/base value |
Rs. per Quintal |
| Tick Size |
Re. 1.00 |
| Ticker Symbol |
SUGARMMZR |
| Delivery Unit |
10 MT net basis packed in 50 kgs new A Twill Bags / PP bags |
| Quality Specification |
Sugar in crystal form manufactured by vaccum pan method of current season with :
Moisture : 0.08% Max
Polarisation : 99.80% Min
ICUMSA : > or = 150 ICUMSA and < 200 ICUMSA as determined by GS2/3 METHOD 8 prescribed in Sugar Analysis ICUMSA Method Book
Grade : M
Grain Size : Medium as determined by the methods prescribed in IS:498-2003 |
| Quantity Variation |
+/- 5% |
| Delivery Center |
Exchange certified warehouse in Muzaffarnagar * |
| Delivery |
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 |
| No. of Active contracts |
Maximum 12 contracts or minimum 2 contracts running concurrently |
| Opening of contracts |
October, November and December 2004 and April 2005 contracts to be launched on July 27, 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 the 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 rules and product specific regulations |
| Price Band |
Limit 10% or as specified by Exchange from time to time. |
| Position Limits |
Member-wise: Max (Rs. 20 Crores, 15% of open interest), whichever is higher
Client-wise: Max (Rs. 10 Crores, 10% of open interest), whichever is higher |
| Premium |
M grade sugar with ICUMSA 100 - 150 could be accepted as good delivery but with a premium of Rs. 25 per quintal |
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| Top |
* Also deliverable at designated warehouses at Delhi and Kolkata subject to location premium/discount differences which shall be announced by the Exchange from time to time.
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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 Price |
Ex- warehouse basis Vashi inclusive of all taxes |
| Unit of trading |
10000 Kgs (=10 MT) |
| Quotation/base value |
Rs. per Quintal |
| Tick Size |
Re. 1.00 |
| Ticker Symbol |
SUGARSVSH |
| Delivery Unit |
10 MT net basis packed in 50 kgs new A Twill Bags / PP bags |
| Quality Specification |
Sugar in crystal form manufactured by vaccum pan method of current season with :
Moisture : 0.08% Max
Polarisation : 99.80% Min
ICUMSA : > or = 100 ICUMSA and < 150 ICUMSA as determined by GS2/3 METHOD 8 prescribed in Sugar Analysis ICUMSA Method Book
Grade : S
Grain Size : Medium as determined by the methods prescribed in IS:498-2003 |
| Quantity Variation |
+/- 5% |
| Delivery Center |
Exchange certified warehouse in Vashi* |
| Delivery |
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 |
| No. of Active contracts |
Maximum 12 contracts or minimum 2 contracts running concurrently |
| Opening of contracts |
October, November and December 2004 and April 2005 contracts to be launched on July 27, 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 the 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 rules and product specific regulations |
| Price Band |
Limit 10% or as specified by Exchange from time to time. |
| Position Limits |
Member-wise: Max (Rs. 20 Crores, 15% of open interest), whichever is higher
Client-wise: Max (Rs. 10 Crores, 10% of open interest), whichever is higher |
| Discount |
S grade sugar with ICUMSA 150 - 200 could be accepted as good delivery but with a discount of Rs. 25 per quintal |
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