| S.
No. |
Basis
|
Multi
Commodity Exchange of India Ltd
|
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
National
Board of Trade |
| 1.
|
Symbol |
MUSTARDSED
|
RAPESF
|
RMSEEDJPR |
MRS2
|
| 2. |
Description
|
MUSTARDSRSMMMYY |
RPSMMMYYYY
|
|
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday through Saturdays
|
| 4. |
Trading
session
|
Mondays
to Friday: 10.00 a.m. to 5:00 p.m.
Saturday:
10.00 a.m. to 2.00 p.m.
|
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
|
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
|
Minimum
2 contracts with a maximum of 12 contracts
running concurrently
|
There shall be
following contracts in mustardseed/rapeseed complex in a
year in case of mustardseed/rapeseed: November,
February, May and August deliveries
|
| 6. |
Opening
of contracts
|
January
contract
(21 July of previous year to 20 January of the contract year)
February
contract
(21 August of the previous year to 20
February of the contract year)
March
contract
(21 September of the previous year to 20
March of
the contract year)
April
contract
(21 October of the previous year to 20 April of
the contract year)
May
contract
(21 November of the previous year to 20 May of the
contract year)
June
contract
(21 December of the previous year to 20 June of the contract year)
July
contract
(21 January to 20 July of the
contract year)
August
contract
(21 February to 20 August of
the contract year)
September
contract
(21 March to 20 September of
the contract year)
October
contract
(21 April to 20 October of
the contract year)
November
contract
(21 May to 20 November of the
contract year)
December
contract
(21 June to 20 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
|
Trading
in any contract month may open on the 21st day
of the month. If the 21st 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 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 |
On the expiry of the
contract, all outstanding positions not resulting in
giving/taking of physical delivery of the commodity
shall be closed out at the Final Settlement Price
announced by the Exchange
|
| 9. |
Trading
unit
|
10 MT
|
1 MT
|
10 MT
|
2 MT
|
| 10. |
Base
value/quotation
|
Rs. per 20 kg
|
20 Kgs
|
Rs. per 20 Kg
|
In 20 Kgs
|
| 11. |
Maximum
order size
|
1000 MT
|
|
|
-
|
| 12. |
Tick
price (minimum price movement)
|
5 paise per 20 kg
|
10 paise
|
Re. 0.05 (5 paisa)
|
Rs. 10/- per UoT or multiple thereof
|
| 13. |
Daily
price limit
|
2 %
|
5%
above and below the last traded price.
10%
above and below the last closing price
|
Daily price limit of 10 per
cent |
Permissible variation per
unit from the previous closing rate
(+/-) Rs. 400/-
Permissible variation
relating to unit of quotation
(+/-) Rs. 4/- per 20 Kg
|
| 14. |
Initial
margin
|
3 %
|
|
|
|
| 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.
|
|
|
|
| 16. |
Maximum
allowable open position
|
For a client: 20000 MT
For a member collectively for all clients: 1
lac MT or
20% of the total market open position,
whichever is higher
|
|
Member-wise :22,000MT
Client-wise : 11,000 MT
The above limits 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 :(
Applicable for contracts expiring on and after July
2006, vide Circular no. NCDEX/RISK-002/2006/022) dated
January 20, 2006.
The following limits would be
applicable from 28 days prior to expiry date of a
contract
Member : Maximum of 12,000 MT
Client: Maximum of 6000 MT
|
|
| 17. |
Delivery
unit
|
10 MT (with tolerance limit
of 200 kg)
|
1
MT
|
10 MT
|
25 metric tonnes
|
| 18. |
Delivery
centers
|
Exchange designated
warehouse at Sirsa
|
Ahmedabad, Jaipur and Delhi
|
Jaipur
|
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 seed: Indore,
Alwar, Sriganganagar, Rewari and Morena.
|
