| 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 |
Myanmar Origin Fair Average Quality |
| Basis Price |
Ex-Warehouse Mumbai inclusive of all taxes |
| Unit of Trading |
10,000 Kgs (=10 MT) |
| Quotation/Base Value |
Re. Per Quintal |
| Tick size |
Re.1.00 |
| Ticker Symbol |
URMFAQMUM |
| Delivery Unit |
10 MT deliverable in single/double PP or jute bags of about 50 kilograms gross. |
| Quality Specification |
Current Year Crop only
- Foreign Matter (includes dust ,sand and other admixtures) - 1.5% max
- Damaged Otherwise (including immature, shrivelled, heated fungi and discoloured grain) - 4 % max
- Brown Seeds - 3% max
- Sister Beans - 3 % max
- Small Seeds (Passing Through 2.75 mm slotted seive) -6% max
- Weeviled Seeds - 1.5% max The material should be free of live infestation.
- Moisture - 14% max
|
| Quantity variation |
+/- 3%, Corresponding rates will be applicable |
| Delivery Centre |
Warehouses notified by the Exchange in Mumbai |
| 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. |
| No. of Active contracts |
Maximum 12 contracts or minimum 2 contracts running concurrently. |
| Opening of contracts |
October, November, December 2004 and January, February and March 2005 contracts to be launched on July 28, 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 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 crore,15% of open interest), whichever is higher
Client-wise : Max (Rs.10 crore,10% of open interest), whichever is higher |
