 |
Symbol |
|
SILVER |
|
|
Description |
|
SILVRMMMYY |
|
| Contracts Available for Trading |
|
|
December Contract |
|
16th December of the earlier year to 5th December of the contract year |
|
|
March Contract |
|
16th March of the earlier year to 5th March of the contract year |
|
|
May Contract |
|
16th May of the earlier year to 5th May of the contract year |
|
|
July Contract |
|
16th July of the earlier year to 5th July of the contract year |
|
|
September Contract |
|
16th September of the earlier year to 5th September of the contract year |
|
|
Trading Period |
|
Monday to Saturday |
|
|
Trading Session |
|
Monday to Friday:
First Session: 10.00 am to 5.00 pm
Second Session: 5.30 pm to 11.15 pm
Saturday: 10.00 am to 2.00 pm |
|
| Trading |
|
|
Trading Unit |
|
30 Kg |
|
|
Quotation/Base Value |
|
1 Kg. |
|
|
Maximum Order Price |
|
600 Kg |
|
|
Tick Size (minimum price movement) |
|
Re. 1 per Kg. |
|
|
Daily Price Limits |
|
4% |
|
|
Price Quote |
|
Ex-Ahmedabad (inclusive of all taxes and levies relating to import duty, customs and sales tax calculated @ 1% on landed cost but excluding any other additional tax or surcharge on sales tax, local taxes and octroi |
|
|
Initial Margin |
|
5 % |
|
|
Special Margin |
|
In case of additional volatility, a special margin of 2 % or such other percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for next 3 days, after which the special margin will be relaxed. |
|
|
Delivery Period Margin |
|
25 % of the open position during the delivery period |
|
|
Maximum Allowable Open Position |
|
For individual client: 50 MT collectively for all contracts in Silver (i.e. including Silver M and Silver HNI contracts)
For a member collectively for all clients: Not more than 25 % of the market's open position in a contract at any point of time |
|
| Delivery |
|
|
Delivery Unit |
|
30 Kg |
|
|
Delivery Center(s) |
|
Ahmedabad at designated Clearing House facilities of Group 4 securities. |
|
|
Delivery period |
|
1st to 6th of the contract maturity month |
|
|
Quality Specifications |
|
Grade: 999 and Fineness: 999 (as per IS 2112: 1981)
No negative tolerance on the minimum fineness shall be permitted.
If it is below 999 purity it is rejected
It should be serially numbered silver bars supplied by LBMA approved suppliers or other suppliers as may be approved by MCX. |
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