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  Yellow Peas
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 Canadian Origin Yellow Peas
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
Ticker Symbol YPECANMUM
Delivery Unit 10 MT deliverable in single/double PP or jute bags of about 50 kilograms gross
Quality specification
  • Colour - Fair Colour
  • Other Colours - 2% max
  • Foreign Material - 0.5% max
  • Splits - 8% max
  • Insect Damage - 0.8% max
  • Other Classes - 1% max
  • Damage - 3% max
  • Shrivelled - 4% max
  • Moisture - 16% 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 concurrrently
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 21 st 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
 
 
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