| S.
No.
|
Basis
|
National
Multi
Commodity Exchange of India |
National
Commodity & Derivatives Exchange Ltd.
|
| Coffee Arabica |
Coffee Robusta |
Coffee Arabica
|
Coffee Robusta
|
| 1.
|
Symbol |
COFEAF |
COFERF |
COFIAPAHSN( For
contracts expiring in November 2005 and onwards) |
COFIRCBKSN (For
contracts expiring in November 2005 and onwards) |
| 2. |
Description
|
CFAMMMYYYY |
CFRMMMYYYY |
|
|
| 3. |
Trading
period
|
Monday through Saturdays |
Monday through Saturdays |
Monday through Saturdays |
Monday through Saturdays |
| 4. |
Trading
session
|
Monday
to Friday :10:00 am to 5:00 pm
Saturday :10:00 am to 2:00 pm
|
Monday
to Friday :10:00 am to 5:00 pm
Saturday :10:00 am to 2:00 pm
|
Monday to Friday :10:00 am to
5:00 pm
Saturday :10:00 am to 2:00 pm
|
Monday to Friday :10:00 am to
5:00 pm
Saturday :10:00 am to 2:00 pm
|
| 5. |
No.
of active contracts
|
With alternate contract
months starting from May 2005. Maximum 6 months
contracts in a year |
With alternate contract
months starting from May 2005. Maximum 6 months
contracts in a year. |
Minimum 2 contracts and
maximum 12 contracts running concurrently. |
Minimum 2 contracts and
maximum 12 contracts running concurrently |
| 6. |
Opening
of contracts
|
Minimum 2 months prior to the
contract month.
|
Minimum 2 months prior to the
contract month.
|
Trading in any
contract month will open on the 21st day of the month.
If the 21st day happens to be a non-trading day,
contracts would open on the next trading day |
Trading in any
contract month will open on the 21st day of the month.
If the 21st day happens to be a non-trading day,
contracts would open on the next trading day |
| 7. |
Due
date
|
15th day of the delivery
month if 15th happens to be holiday then
previous working day.
|
15th day of the delivery
month if 15th happens to be holiday then
previous working day.
|
20th day of
the delivery
month
.If 20th happens to be a holiday, a Saturday or a Sunday
then the due date shall be the immediately preceding
trading day of the Exchange |
20th day of
the delivery month.If 20th happens to be a holiday, a
Saturday or a Sunday then the due date shall be the
immediately preceding trading day of the Exchange |
| 8. |
Closing
of contracts |
Squaring up of positions will
be permitted between 12th and 15th of delivery
month. No fresh positions building will
be allowed. From 12th to 15th of
delivery month, seller can tender Warehouse
Receipt for settlement and Warehouse Receipt
will be accepted for settlement at closing
price of the previous day.
|
Squaring up of positions will
be permitted between 12th and 15th of delivery
month. No fresh positions building will
be allowed. From 12th to 15th of
delivery month, seller can tender Warehouse
Receipt for settlement and Warehouse Receipt
will be accepted for settlement at closing
price of the previous day.
|
All open positions will be
settled as per general rules and product specific
regulations |
All open positions will be
settled as per general rules and product specific
regulations |
| 9. |
Trading
unit
|
1500 Kg (25 Bags) |
1500 Kg (25 Bags) |
10 quintal (For contracts
expiring in November 2005 and onwards) |
15 quintal (For contracts
expiring in November 2005 and onwards ) |
| 10. |
Base
value/quotation
|
Rs per Quintal (100 Kg) |
Rs per Quintal (100 Kg) |
Rs per Kilogram |
Rs per kilogram |
| 11. |
Tick
price (minimum price movement)
|
5 paise. |
5 paise |
Re 0.10 |
Re 0.10 |
| 12. |
Daily
price limit
|
2.50% above and below the
last traded price.
5% above and below the last closing
price. |
2.50% above and below the
last traded price.
5% above and below the last closing
price. |
Limit of 5%
|
Limit of 5%
|
| 13. |
Special
margin
|
|
|
Special Margins, by way of
addition to the normal margins, would be levied on a
large unidirectional movement of any coffee contract on
either the buy or sale side whichever way the movement
has happened based on the first day settlement price of
that contract and valid for the life of that contract. A
20 per cent and above unidirectional movement would
attract a special margin of 4 per cent. |
Special Margins, by way of
addition to the normal margins, would be levied on a
large unidirectional movement of any coffee contract on
either the buy or sale side whichever way the movement
has happened based on the first day settlement price of
that contract and valid for the life of that contract. A
20 per cent and above unidirectional movement would
attract a special margin of 4 per cent. |
| 14. |
Maximum
allowable open position
|
|
|
Member-wise:
25, 000 MT
Client-wise: 5000 MT (Aggregate position
limit for both Robusta and Arabica coffee live
contracts) |
Member-wise: 25, 000 MT
Client-wise: 5000 MT
(Aggregate position limit for both Robusta and Arabica
coffee live contracts) |
| 15. |
Delivery
unit
|
1500 Kg (25 Bags) |
1500 Kg (25 Bags) |
10 quintal (For contracts
expiring in November 2005and onwards) |
15 quintal (For contracts
expiring in November 2005 and onwards ) |
| 16. |
Delivery
centers
|
CWC warehouse Bangalore |
CWC warehouse Bangalore
(Basis Center) |
Hassan (Karnataka)
Such other centres as may be identified and added by the
exchange from time to time |
Kushalnagar (Karnataka)
Such other centres as may be identified and added by the
exchange from time to time |
