| S.
No. |
Basis
|
Multi
Commodity Exchange of India Ltd
|
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
| 1.
|
Symbol |
RUBBER |
RUBBERF |
RBRRS4KTM |
| 2. |
Description
|
RUBBERMMMYY |
RBRMMMMYYYY |
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
| 4. |
Trading
session
|
Monday
through Friday: 10.00 a.m. to 5.00 p.m.
Saturday:
10.00 a.m. to 2.00 p.m |
Monday through Friday:
10:00 am to 5:00 pm
Saturday: 10:00
am to 2:00 pm |
Mondays through Fridays:
10:00 am to 05:00 pm
Saturdays: 10.00 am to 2.00 pm
The Exchange may vary the above timing with due
notice |
| 5. |
No.
of active contracts
|
12 contracts
|
Maximum 12 monthly or
minimum 2 monthly contracts running concurrently |
Minimum 2 contracts
and maximum 12 contracts running concurrently |
| 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,
minimum 2 months prior to the contract month |
Trading in any
contract month will open on the 21st day of the month.
If the 21st day 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 previous trading 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 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.
|
All open positions
will be settled as per general rules and product
specific regulations
|
| 9. |
Trading
unit
|
1 MT |
1 MT |
1 MT |
| 10. |
Base
value/quotation
|
100 Kg |
100 Kg |
Rs per Quintal |
| 11. |
Tick
price
|
Re 1 |
Re 1 |
Re 1 |
| 12. |
Daily
price limit
|
4% |
5% above and below the last traded price.
10% above and below the last closing price. |
10% |
| 13. |
Initial
margin
|
5 % |
|
|
| 14. |
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. |
|
|
| 15. |
Maximum
allowable open position
|
For
individual client: 10000 MT
For
Members: 40000 MT or 20% of Market wide open
position, whichever is higher |
|
Member-wise: Max (Rs. 20
crore, 15% of open interest)
Client-wise: Max (Rs. 10 crore, 10% of open interest)
|
| 16. |
Delivery
unit
|
1 MT |
1 MT
|
1 MT |
| 17. |
Delivery
centers
|
Designated warehouses of Central
Warehousing Corporation (CWC) and other approved warehouses at
Cochin |
CWC Warehouses located in
Cochin / Ernakulam (Basis center), Calicut and Kottayam. |
Kottayam and Kochi |
