| S.
No.
|
Basis
|
Multi
Commodity Exchange of India Ltd |
National
Multi Commodity Exchange of India Ltd.
|
| 1.
|
Name of the commodity
|
Soy seed |
Soybean cake
|
| 2. |
Symbol |
SOY SEED |
SOYCF |
| 3. |
Description
|
SOYSEEDMMMYY |
SYCMMMYYYY |
| 4. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
| 5. |
Trading
session
|
Monday to Friday:10.00 a.m. to
5.00 p.m.
Saturday: 10.00 a.m. to 2.00 pm
|
Monday
to Friday:
10:00 am to 05:00 pm
Saturday:
10:00 am to 02:00 pm
|
| 6. |
No.
of active contracts
|
12 contracts
|
Maximum
12 monthly or minimum 2 monthly contracts
running concurrently
|
| 7. |
Opening
of contracts
|
January
contract
(21 September of previous year to 20 January of the contract year)
February
contract
(21 October of the previous year to 20 February of the contract year)
March
contract
(21 November of the previous year to 20 March of
the contract year)
April
contract
(21 December of the previous year to 20 April of
the contract year)
May
contract
(21 January to 20 May of the
contract year)
June
contract
(21 February to 20 June of the contract year)
July
contract
(21 March to 20 July of the
contract year)
August
contract
(21 April to 20 August of
the contract year)
September
contract
(21 May to 20 September of
the contract year)
October
contract
(21 June to 20 October of
the contract year)
November
contract
(21 July to 20 November of the
contract year)
December
contract
(21 August 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. |
| 8. |
Due
date
|
15th day of the delivery
months if 15th happens to be holiday then previous
working day. |
| 9. |
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. |
| 10. |
Trading
unit
|
10 MT |
10 MT |
| 11. |
Base
value/quotation
|
100 kg |
1000 Kgs |
| 12. |
Maximum
order size
|
500 MT
|
|
| 13. |
Tick
price (minimum price movement)
|
Re. 1 |
Rs.5 |
| 14. |
Daily
price limit
|
3%
|
3% above and below the last
traded price.
6% above and below the last closing price.
|
| 15. |
Initial
margin |
4% |
|
| 16. |
Special
margin
|
In case of additional
volatility, a special margin at such percentage, as
deemed fit, will be imposed immediately on both buy and
sell sides in respect of all outstanding position, which
will remain in force for next 2 trading days, after
which the special margin will be relaxed. |
|
| 17. |
Maximum
allowable open position
|
For a client: 20000 MT
For a member collectively
for all clients: 25% of the total market open
position.
|
|
| 18. |
Delivery
unit
|
10 MT (with tolerance limit
of 250 kg) |
10 MT |
| 19. |
Delivery
centers
|
Deliveries can be effected
from Exchange designated Warehouse at Indore, which may
be CWC or private warehouse. |
Indore |
