| S.
No. |
Basis
|
Multi Commodity Exchange of India Limited
|
National
Multi Commodity Exchange of India Ltd.
|
National
Board of Trade |
| 1.
|
Symbol |
MUSTRDOLXP |
RAPEOF
|
MREO
|
| 2. |
Description
|
MUSTRDOLXPMMMYY |
RPOMMMYYYY
|
|
| 3. |
Trading
period
|
Mondays 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
|
Mondays
through Fridays:
10:00 a.m. to 5:00 p.m.
Saturdays:
10.00 a.m. to 2.00 p.m.
|
Mondays
through Fridays:
10:00 a.m. to 4:00 p.m.
Saturdays:
10.00 a.m. to 2.00 p.m.
|
| 5. |
No.
of active contracts
|
12 contracts |
Maximum 12
monthly or minimum 2 monthly contracts running
concurrently
|
There
shall be following contracts in mustardseed/rapeseed
complex in a year in case of mustard/rapeseed oil and
its cakes: May, June, July, August, September, October,
November, December, January, February, March and April
deliveries.
|
| 6. |
Opening
of contracts
|
January
contract
(16 September of previous year to 15 January of the contract year)
February
contract
(16 October of the previous year to 15 February of the contract year)
March
contract
(16 November of the previous year to I5 March of
the contract year)
April
contract
(16 December of the previous year to 15 April of
the contract year)
May
contract
(16 January to 15 May of the
contract year)
June
contract
(16 February to 15 June of the contract year)
July
contract
(16 March to 15 July of the
contract year)
August
contract
(16 April to 15 August of
the contract year)
September
contract
(16 May to 15 September of
the contract year)
October
contract
(16 June to 15 October of
the contract year)
November
contract
(16 July to 15 November of the
contract year)
December
contract
(16 August to 15 December of the
contract year) |
Trading in any
contract month will open on the 16th day of the month,
12 months prior to the contract month. |
| 7. |
Due
date
|
15th day of
the delivery months if 15th happens to be holiday then
previous working day.
|
| 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 the 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.
|
| 9. |
Trading
unit
|
1 MT |
1 MT
|
1 MT
|
| 10. |
Base
value/quotation
|
10 kg |
10 Kgs
|
In 10 Kgs
|
| 11. |
Maximum
order size
|
200 MT |
|
-
|
| 12. |
Tick
price (minimum price movement)
|
10 paise per 10
Kg |
10 paise
|
Rs. 10/- per MT
or multiple thereof
|
| 13. |
Daily
price limit
|
3%
|
3% above and
below the last traded price.
6% above and below the last closing
price |
Permissible variation per
unit from the previous closing rate
(+/-) Rs. 400/- for expeller oil
(+/-) Rs. 500/- for refined
oil
Permissible variation
relating to unit of quotation
(+/-) Rs. 4/- per 10 Kg for expeller oil
(+/-) Rs. 5/- per 10 Kg for
refined oil
|
| 14. |
Initial Margin |
4%
|
|
|
| 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 positions, which
will remain in force for next 2 days, after
which the special margin will be relaxed.
|
|
|
| 16. |
Maximum
allowable open position
|
For a client:
5000 MT
For a member collectively for all
clients: 20000 MT or 20% of the market-wide open
position |
|
|
| 17. |
Delivery
unit
|
10 MT (with
tolerance limit of 250 Kg) |
1 MT
|
10 MT
|
| 18. |
Delivery
centers
|
Within 50 km
of Jaipur municipal limits |
Ahmedabad
|
In respect of
contracts confirmed by the Exchange, commodities
pertaining to mustard / rapeseed complex shall be taken
delivery of by the buyers from the Certified Warehouses
situated within the Municipal Corporation limits of the
following centres or such other places as may be decided
by the Trading, Clearing and Settlement Committee before
the commencement of trading in a delivery month.
For rapeseed/mustard oil and cake:
Indore, Kota, Jaipur, Agra, Delhi, Neemuch and Sheopur
Kalan
|
