10th to 15th of the Contract Month.

10th, 11th, 12th, & 13th Day of Contract Month by 3.00 P.M. on each day.

10th, 11th, 12th, & 13th day of Contract Maturity month.

Seller's Option. The seller who does not deliver goods after giving his intention, will be subject to a penalty of 3%, out of which 90% will go to the buyer, who could not receive delivery and 10% will be appropriated by the Exchange.

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.

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

Upto 7.00 p.m. on designated tender days.

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. This should be substantiated by way of producing warehouse receipt. 

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

All deliveries tendered by sellers on designated tender days shall be in the form of `Delivery Orders' issued in favor of the buyers, as per instructions of MCX. The Delivery Orders shall be filled up in the prescribed form and shall clearly state the contract particulars including quantity, quality and the delivery center, which should be accompanied with a bill in favor of the buyer. 

Delivery Order once submitted cannot be withdrawn or cancelled or changed, unless so agreed by MCX in writing.

On the basis of Due date rate fixed by the Exchange, the delivery will be effected on 16th or on the subsequent working day after contract maturity by way of endorsement of warehouse receipt or physical lifting of delivery. The buyer will be required to make payment on 16th itself for the total quantity allocated to him. The Buyer shall not refuse taking delivery and such refusal will entertain 3% penalty. After such endorsement, the buyer can lift delivery within 7 days or if he wants to keep delivery in the same warehouse, he can do so.

Members required to give delivery in Exchange approved designated Warehouse. Address of the Exchange approved designated Warehouse shall be notified separately.

Fax or Courier

First amongst the willing Buyers and then amongst the other buyers. Done on last day of the contract.

Due Date Rate

T+2 days

T+3 days

Warehouse receipts shall be endorsed in the name of the buyer after the Pay-in and Pay-out procedures are completed.

All outstanding positions on the expiry of contract, not settled by way of delivery in the aforesaid manner, will be settled as per the Due Date Rate. 

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.

Sales Tax and other local taxes, APMC charges if any applicable at the delivery center will be on account of Sellers. Incase of Inter-State movement, Buyer has to submit requisite forms or pay CST as applicable. Post lifting delivery all charges are borne by the Buyer.

Borne by the Seller upto Funds Pay-out date.
Borne by the Buyer after Funds Pay-out date.

As per exchange decision due to a force majeure or otherwise.

Due Date Rate is calculated on the last day of the contract maturity. This is calculated by way of taking simple average of last 3 days of the spot market prices. For the purpose of Wheat, the Ex Delhi price of Wheat inclusive of all taxes will be considered. For obtaining the prices of spot market, the Exchange will take the prices from a panel of exporters, processors, dealers and brokers and take the average out of 3 prices taken on a day from three different entities.

Rules 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.