10 MT (with tolerance limit of 250 Kgs) which means that if the seller delivers any quantity between 9.75 MT to 10.25 MT, it will be construed as adequate discharge of his delivery obligation of 10 MT, though he will get the value only for actually quantity delivered by him.

For the contracts maturing in September and October every year:upto 10% accepted; 

Between 10 % -15% Single rebate (1 : 1)

Between 15 - 17% Double rebate (1 : 2)

Rejectable above 17% F

or the contracts maturing during the period November to August every year:upto 10% accepted; 

Between 10 % -12% Single rebate (1 : 1)

Between 12 - 15% Double rebate (1 : 2)

Rejectable above 15% 

upto 2% accepted; 

Between 2 % - 5 % Single rebate (1 : 1)

Between 5 %- 7 % Double rebate (1 : 2)

Rejectable above 7% 

upto 2% accepted; 

Above 2% rebate @ 1: 0.5 is allowed

Basis 5%

Above 5% rebate @ 1 : 0.25 is allowed

11% max.
Acceptable between 11 - 12 % with 1 ; 1 allowance
Rejectable at Buyer's option above 12 %

Packing should be in three black stripped jute bag

   Delivery and Settlement Procedure of Soymeal

10th to 15th of the Contract Month.

10th, 11th & 12th Day of Contract Month by 3.00 P.M. on each day.

10th, 11th & 12th days of the contract month by 3:00 p.m. on each day.

The Seller will issue tender notice along with evidence of delivery to the Exchange in a specified format. Members shall not square off his outstanding position to the extent of tendered quantity.

25% on the Net Outstanding Position.

Delivery Period Margin is exempted if Goods tendered on designated tender days of the contract month along with all the documentary evidence.

COMPULSORY DELIVERY. IF SELLER FAILS TO DELIVER THEN A FINE OF 3% is LEVIED.

Upto 7.00 p.m. on designated tender days.

Along with tender notice. Good delivery Order will be submitted in specified format-giving details of Members/Registered Non-Members who shall perform delivery.

Each delivery order issued shall be in multiples of minimum delivery lots and shall be designated for only one delivery center and one location in such center.

It will be accompanied with Warehouse Receipt, Invoice and Good Delivery Quality Certificate valid upto one month after the expiry of the contract as per Contract Specifications from Exchange designated Certifier. Delivery order once submitted cannot be withdrawn or cancelled or changed unless so agreed by MCX in writing. Members tendering the delivery order shall clearly specify the grade and shall be in conformity with the surveyor's certificate accompanied with the delivery document and cannot be changed subsequently. 

Fax or Courier

First amongst the willing Buyers and then amongst the other Buyers. Done on 10th, 11th & 12th day of the contract month after closure of market.

Settlement Price on 10th, 11th & 12th day of contract month based on the date of allocation of delivery.

The Buyer shall not refuse taking delivery and such refusal will entertain 3% penalty.The Buyer will not have any option about choosing the place of delivery and will have to accept the delivery as per allocation made by the Exchange. Once a delivery is allocated to Buyer, he shall not square off his outstanding open position.

By 10:30 a.m. on Tender day +2 basis.

By 5.00 p.m. on Tender day +2 basis.

Deliveries can be effected from Exchange designated warehouse at Indore, which may be CWC or private warehouse. 

All outstanding positions on the expiry of contract shall be closed out at Due Date Rate and respective Pay-in and Pay-out of Funds of such close out with penalty shall be effected on 16th day of Contract month by 01.00 P.M. All Sellers with undelivered open positions as on expiry date will be imposed 3% penalty of which 90% will be passed on to buyer.

The members will provide appropriate tax forms wherever required as per law and as customary and neither of the parties will unreasonably refuse to do so.

Borne by the Seller upto Payout Date.
Borne by the Buyer after Payout Date.

The selling members tendering delivery will have the option of delivering such grades as per the contract specifications. The buyer has no option to select a particular grade and the delivery offered by the seller and allocation by the Exchange shall be binding on him.

At the time of issuing the Delivery order, the Member must satisfy MCX that he holds stocks of the quantity and quality specified in the Delivery Order at the declared delivery center by producing warehouse receipt.

The procedures followed for drawing samples and carrying out analysis tests shall be as per booklet issued by the Bureau of Indian Standards. 

Not Applicable

The buying member can endorse delivery order to a client or any third party with full disclosure given to MCX. Responsibility for contractual liability would be with the original assignee.

As per Exchange decision due to a force majeure or otherwise

Exchange shall take spot prices from a panel of different entities from spot market and shall compute the daily average price. Due Date Rate will be calculated by way of taking simple average of last 3 days of the spot market prices so computed.

The general provisions of Business Rules & decisions taken by FMC/ Board / Executive Committee in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures, warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.