Future contract specifications for jute by various commodity exchanges

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The future contract specifications for jute defined by the major commodity exchanges in India namely Multi Commodity Exchange of India,  National Commodity & Derivatives Exchange are given in the table below: -
 

Commodity Index | Jute

 

S. No:

Basis

National Commodity and Derivatives Exchange Ltd.

National Multi Commodity Exchange of India Ltd.

1.

Symbol

JUTRAWKOL

JUTEF

2.

Description

 

JUTWWWYYY

3.

Trading Session

Monday through Saturdays

Monday through Saturdays

4.

Hours of Trading

Monday to Friday: 10:00AM –5:00 PM. Saturday: 10:00 AM – 2:00PM

Monday to Friday: 10:00AM –5:00 PM Saturday: 10:00 AM – 2:00PM

5.

No: of active contracts

Max. 12 monthly and min. 2 monthly

Max. 12 monthly and min. 2 monthly

6.

Opening of Contracts

Subsequently trading in any contract month will open on the 21st of the month. If the opening day happens to be a non-trading day, contracts would open on the next trading day.

Minimum 2 months prior to the contract month.

7.

Due Date

20th day of the delivery month. If 20th happens to be a holiday, then previous trading day. If 20th happens to be a Saturday or Sunday then the due date shall be the immediately last preceding trading day of the Exchange.

15th day of the delivery month. If 15th happens to be a holiday, then previous trading day.

8.

Closing of Contracts

All open positions will be settled as per general rules and product specific regulations.

Squaring up of positions will be permitted between 12th and 15th of delivery month. No fresh position building will be allowed.

9.

Trading unit

10 Metric Tonnes

10 Metric Tonnes

10.

Base value/quotation

Rs. Per quintal

Rs. Per quintal

11.

Tick Price

Re. 1

10 paisa

12.

Daily price limit

Limit 10%

5% above and below last traded price. 10% above and below the last closing price

13.

Maximum allowable open position

Member wise: Max (Rs. 20 Crore or 15% of open interest) whichever is higher.

Client Wise: Max (Rs. 10 crore or 10% of open interest) whichever is higher.

 

14.

Delivery unit

10 Metric Tonnes

10 Metric Tonnes

15.

Delivery centers

Warehouses noted by exchange in Kolkata

CWC Warehouses in Kolkata

 
 
 

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