| S.
No. |
Basis
|
Multi
Commodity Exchange of India Ltd
|
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
| 1.
|
Symbol |
GURCHAKU |
GURF |
GURCHKMZR
|
| 2. |
Description
|
GURCHAKUMMYY |
GURMMMYYYY |
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
| 4. |
Trading
session
|
Monday
through Friday: 10.00 a.m. to 5.00 p.m.
Saturday:
10.00 a.m. to 2.00 p.m |
Monday through Friday:
10:00 am to 5:00 pm
Saturday: 10:00
am to 2:00 pm |
Mondays through Fridays:
10:00 am to 05:00 pm
Saturdays: 10.00 am to 2.00 pm
The Exchange may vary the above timing with due
notice |
| 5. |
No.
of active contracts
|
10 contracts
|
Maximum 12 monthly or
minimum 2 monthly contracts running concurrently |
Minimum 2 contracts
and maximum 12 contracts running concurrently |
| 6. |
Opening
of contracts
|
January
contract
(16 July of previous year to 15
January of the contract expiry
month)
February
contract
(16 Aug of previous year to 15
February of the contract expiry
month)
March
contract
(16 Sept of previous year to 15
March of the contract expiry
month)
April
contract
(16 Oct of previous year to 15
April of the contract expiry
month)
May
contract
(16 Nov of previous year to 15
May of the contract expiry month)
June
contract
(16 Dec
of previous year to 15 June of the contract expiry
month)
July
contract
(16 Jan to 15
July of the contract expiry
month)
October
contract
(16 April to 15
October of the contract expiry month)
November
contract
(16 May to 15
November of the contract expiry
month)
December
contract
(16 June
to 15 December
of the contract expiry month
|
Trading in any
contract month will open on the 16th day of the month,
12 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 |
| 7. |
Due
date
|
15th day of the
delivery months 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 |
| 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.
|
All open positions
will be settled as per general rules and product
specific regulations
|
| 9. |
Trading
unit
|
10MT |
4 MT |
10 MT |
| 10. |
Base
value/quotation
|
40 Kg |
40 Kg |
40 Kg |
| 11. |
Tick
price
|
10 paise |
10 Paise |
20 paise |
| 12. |
Daily
price limit
|
3% |
4% above and below the last traded price.
8% above and below the last closing price. |
|
| 13. |
Initial
margin
|
4
% (1 kg) |
|
|
| 14. |
Special
margin
|
In case of additional volatility, a special
margin at such 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 2 days, after which the special margin will be
relaxed. |
|
Special
Margins, by way of addition to the normal
margins, would be levied on a large
unidirectional movement of any gur contract on
either the buy or sell 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. Special margins
would be levied as follows -
A 20 per cent unidirectional movement would
attract a special margin of 1 per cent, movement by 25 per
cent would attract a special margin of 2 per
cent and finally a movement of 30 per cent and
above would attract a special margin of 3 per
cent
|
| 15. |
Maximum
allowable open position
|
For
individual client: 40000 MT
For
Members: 160000 MT or 20% of Market wide open
position, whichever is higher |
|
Member-wise: 20,000
contracts (2,00,000 MT)
Client-wise: 4,000 contracts (40,000 MT)
|
| 16. |
Delivery
unit
|
10 MT (with tolerance limit of + or – 2 %)
|
4 MT
|
10 MT net basis packed
in new jute bags. Packaging costs shall be borne by the
buyer |
| 17. |
Delivery
centers
|
Exchange Designated warehouse in Muzzafarnagar |
Hapur, Muzaffarnagar |
Muzaffarnagar |
