| S.
No. |
Basis
|
National
Commodity & Derivatives Exchange Ltd.
|
Multi
Commodity Exchange of India Ltd
|
National
Multi Commodities Exchange Ltd. |
|
Rice
|
Basmati Rice |
| 1.
|
Symbol |
RICPARRPR |
RICE |
BASMATIRICE |
RICEF |
| 2. |
Description
|
Indian Parboiled Rice traded
as IR-36/IR-64 |
RICEMMYY |
BASMATIRICEMMMYY |
RICMMMYYYY |
| 3. |
Trading
period
|
Monday through Saturdays |
Monday through Saturdays |
Monday through Saturdays |
Monday through Saturdays |
| 4. |
Trading
session
|
Mondays
through Fridays : 10:00 a. m. to 05:00 p.m.
Saturdays :
10.00 a.m. to 2.00 p.m.
The Exchange may vary the above timing with
due notice
|
Monday to Friday: 10:00 AM to 05:00 PM
Saturdays: 10:00 AM to 2:00 PM
|
Monday to Friday: 10:00 AM to 05:00 PM
Saturdays: 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
|
| 5. |
No.
of active contracts
|
Minimum 2 contracts and a
maximum of 12 contracts running concurrently |
12
contracts |
12 contracts |
Maximum 12 monthly or minimum 2
monthly contracts
running concurrently |
| 6. |
Opening
of contracts
|
Trading in any contract
month will open on the 10th day of the month.
If the 10th day happens to be a non-trading
day, contracts would open on the next trading
day
|
January
contract
(16 September of the 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 15 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) |
January
contract
(16 September of the 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 15 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 month 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 the immediately preceding trading day
of the Exchange
|
| 8. |
Closing
of contracts
|
Upon expiry of the contract
all the outstanding open position should
result in compulsory delivery
|
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
|
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
| 10. |
Base
value/quotation
|
Rs. per quintal |
Rs. per quintal |
Rs. per quintal |
100Kgs |
| 11. |
Maximum order size
|
|
500 Metric Tonnes |
200 Metric Tonnes |
|
| 12. |
Tick
price (minimum price movement)
|
Re. 1 |
Re. 1 |
Re. 1 |
Re. 1 |
| 13. |
Daily
price limit
|
6% |
4% |
6% |
4%
above and below the last traded price
8%
above and below the last closing price
|
| 14. |
Initial
margin |
|
5% |
8% |
|
| 15. |
Special
margin
|
Special margin of 4% of the
value of the contract will be levied whenever the rise
or fall in price exceeds 20% of the 90-day prior
settlement price. The margin will be payable by the
buyer or the seller depending on whether price rises or
falls respectively. The margin shall remain in force so
long as the price stays beyond the 20% limit and will be
withdrawn as soon as the price is within the 20% band |
In Case of additional volatility, a special
margin of 2% or such other 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 the next 2 days, after which the
special margin will be relaxed.
|
In Case of additional volatility, a special
margin of 2% or such other 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 the next 2 days, after which the
special margin will be relaxed.
|
|
| 16. |
Maximum
allowable open position
|
Member-wise:
80,000 MT for all contracts or 20% of the
market-wide open position, whichever is higher
Client-wise:
20,000 MT for all contracts
The above limits will not apply to bonafide
hedgers as are to be approved by the Exchange
For
near month contracts: The following limits
would be applicable from 28 days prior to
expiry date of a contract.
Member: Maximum of 20,000
Client: Maximum of 5,000 MT
|
For individual clients: 20000 MT (Metric
Tonnes)
For a member collectively for all clients: 80000 MT
(Metric Tonnes) or 20% of the open market position
whichever is higher. |
For individual clients: 1000 MT (Metric
Tonnes) or 25% of the open market position |
|
| 17. |
Delivery
unit
|
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
10 MT (Metric
Tons) |
| 18. |
Delivery
centers
|
Raipur (up to 50 km from
city limits) and also Kakinada
(up to 50 km from city limits) |
Exchange approved warehouse at Delhi |
Exchange approved warehouse at Delhi |
Maximum 12 monthly or minimum 2
monthly contracts
running concurrently |
