| S.
No.
|
Basis
|
Multi
Commodity Exchange of India Ltd |
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
|
Pepper contracts |
Ungarbled Pepper
contracts
|
| 1.
|
Symbol |
Black Pepper |
PEPPERF |
UGPEPF |
PPRMLGKOC
|
| 2. |
Description
|
PEPPERMMMYY |
PEPMMMYYYY |
UGPMMMYYYY |
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
| 4. |
Trading
session
|
Monday to Friday:
1st session: 10.00 a.m. to
5.00 p.m.
2nd session: 5.30 p.m. to
8.00 p.m.
Saturday: 10.00 a.m. to 2.00 pm
|
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 05:00 pm
Saturday:
10:00 am to 02:00 pm
|
Mondays
through Fridays:
10:00 a.m. 5 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
|
Maximum
12 monthly or minimum 2 monthly contracts
running concurrently
|
Minimum
2 contracts with a maximum of 12 contracts
running concurrently
|
| 6. |
Opening
of contracts
|
January
contract
(16
July of previous year to 15 January of the contract year)
February
contract
(16
August of the previous year to 15 February of the contract year)
March
contract
(16
September of the previous year to I5 March of
the contract year)
April
contract
(16
October of the previous year to 15 April of
the contract year)
May
contract
(16
November of the previous year to 15 May of the
contract year)
June
contract
(16
December of the previous year to 15 June of the contract year)
July
contract
(16
January to 15 July of the
contract year)
August
contract
(16
February to 15 August of
the contract year)
September
contract
(16
March to 15 September of
the contract year)
October
contract
(16
April to 15 October of
the contract year)
November
contract
(16
May to 15 November of the
contract year)
December
contract
(16 June to 15 December of the
contract year)
|
Trading in any
contract month will open on the 16th day of the month,
minimum 2 months prior to the contract month |
Min 2 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 |
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 |
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 |
|
| 9. |
Trading
unit
|
1
MT |
1
MT |
1
MT |
1000
kgs (=1 MT) |
| 10. |
Base
value/quotation
|
100
Kg |
100
Kg |
100
Kg |
Rs
per Quintal |
| 11. |
Maximum
order size
|
50
kg
|
|
|
|
| 12. |
Tick
price (minimum price movement)
|
Re. 1 |
Re.1
|
Re.1 |
Re 1
|
| 13. |
Daily
price limit
|
4%
|
5%
above and below the last traded price.
10%
above and below the last closing price
|
3%
above and below the last traded price.
6%
above and below the last closing price
|
Limit 10% |
| 14. |
Initial
margin
|
5% |
|
|
|
| 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 3 days,
after which the special margin will be relaxed |
|
|
|
| 16. |
Maximum
allowable open position
|
For
individual clients: 2000 MT
For a member collectively for
all clients: 8000 MT or 20% of the total
market position, whichever is higher
|
|
|
Member-wise:
Max (Rs. 20 crore, 15% of open interest)
Client-wise: Max (Rs. 10 crore, 10% of open interest) |
| 17. |
Delivery
unit
|
1 MT |
1 MT
|
1 MT |
1000 Kgs (= 1
MT) |
| 18. |
Delivery
centers
|
Central
Warehousing Corporation (CWC) warehouses and other
warehouses, as may be approved by MCX located within
Ernakulam (Kochi) municipal limits |
CWC Warehouses
located in Cochin / Ernakulam (Basis center), Calicut
and Kottayam |
CWC Warehouses
located in Cochin / Ernakulam (Basis center), Calicut
and Kottayam |
Kochi |
