| S.
No.
|
Basis
|
Multi
Commodity Exchange of India Ltd |
National
Commodity & Derivatives Exchange Ltd.
|
| 1.
|
Symbol |
MENTHAOIL |
MTHOILCHD |
| 2. |
Description
|
MENTHAOILMMMYY |
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
| 4. |
Trading
session
|
Monday to Friday:10.00 a.m. to
5.00 p.m.
Saturday: 10.00 a.m. to 2.00 pm
|
Monday
to Friday:
10:00 am to 05:00 pm
Saturday:
10:00 am to 02:00 pm
|
| 5. |
No.
of active contracts
|
12 contracts
|
Maximum
12 monthly or minimum 2 monthly contracts
running concurrently
|
| 6. |
Opening
of contracts
|
January
contract
(1 October of previous year to 31 January of the contract year)
February
contract
(1 November of the previous year to 28 February of the contract year)
March
contract
(1 December of the previous year to 31 March of
the contract year)
April
contract
(1 January to 30 April of
the contract year)
May
contract
(1 February to 31 May of the
contract year)
June
contract
(1 March to 30 June of the contract year)
July
contract
(1 April to 31 July of the
contract year)
August
contract
(1 May to 31 August of
the contract year)
September
contract
(1 June to 30 September of
the contract year)
October
contract
(1 July to 31 October of
the contract year)
November
contract
(1 August to 30 November of the
contract year)
December
contract
(1 September to 31 December of the
contract year)
|
Trading in a
new month contract will open on the 10th day of the
month in which near month contract is due to expire. If
the 10th day happens to be a non-trading day, contracts
would open on the next trading day. |
| 7. |
Due
date
|
20th day of the
delivery month. If 20th happens to be holiday, a
Saturday or a Sunday then the due date shall be the
immediately preceding trading day of the Exchange. |
| 8. |
Closing
of contracts |
All open positions will be
settled as per general rules and product specific
regulations |
| 9. |
Trading
unit
|
360 kg (2 drums) |
180 kgs |
| 10. |
Base
value/quotation
|
1 kg |
Rs per Kg |
| 11. |
Maximum
order size
|
18000 kg (100 drums)
|
|
| 12. |
Tick
price (minimum price movement)
|
10 paise |
Re 0.10 (10 paisa) |
| 13. |
Daily
price limit
|
6%
|
Daily price limit will be (+) /
(-) 6% from the previous day's closing price.
If the trade hits this price limit, trade
would stop for 15 minutes, where after price
limit would be extended by another (+) / (-)
3%. No trade would be permitted during the day
beyond the price limit of (+) / (-) 9% from
the previous day's closing price
|
| 14. |
Initial
margin |
8% |
|
| 15. |
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 margin of 10% of the
value of the contract shall be applicable whenever there
is a rise or fall in price from the first day's closing
price upto 20% and shall be payable by buyer or seller
depending on whether prices rise or fall respectively.
The margins shall stay in force so long as price stays
beyond the 20% limit and will be withdrawn as soon as
the price is within the 20% band |
| 16. |
Maximum
allowable open position
|
For a
client: 540 MT (3000 drums)
For a member collectively for
all clients: 25% of the total market open
position
|
For Member - Maximum
up to 3,39,840 Kgs. or 20% of market-wide open interest
whichever is higher.
For Clients - Maximum up to 84,960 Kgs (This limit will
not apply to bonafide hedgers. For bonafide hedgers, the
Exchange will, on a case to case basis decide the hedge
limits).
For near month
contracts:
The following limits would be applicable from 28 days
prior to expiry date of a contract
Member: Maximum up to
1,69,920 Kgs
Client: Maximum up to 42,480 Kgs |
| 17. |
Delivery
unit
|
720 kg / 4 drums (with a
tolerance limit of 1kg per drum) and direct multiples
thereof, though he will get the value only for actually
quantity delivered by him. |
180 kgs net packed in fully
dipped galvanized iron drums. The cost of drum, as
approved by the Exchange, will be payable by the buyer. |
| 18. |
Delivery
centers
|
At Exchange designated
warehouse at Chandausi |
Chandausi |
