| S.
No. |
Basis
|
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
National
Board of Trade |
| 1.
|
Symbol |
SOYSF
|
SYBEANIDR |
SB
|
| 2. |
Description
|
SYSMMMYYYY |
|
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday through Saturdays
|
| 4. |
Trading
session
|
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 5:00 p.m.
Saturdays:
10.00 a.m. to 2.00 p.m.
|
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
|
Maximum
12 monthly or minimum 2 monthly contracts
running concurrently
|
Minimum
2 contracts with a maximum of 12 contracts
running concurrently
|
There shall be twelve contracts
in soybean in a year, viz; November, December, January,
February, March, April, May, June, July, August, September and October deliveries.
|
| 6. |
Opening
of contracts
|
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
|
1 MT
|
10 MT
|
1 MT
|
| 10. |
Base
value/quotation
|
20 Kgs
|
Rs per quintal
|
Rs per quintal
|
| 11. |
Tick
price (minimum price movement)
|
10 paise
|
5 paise
|
Rs. 5/- per MT
or multiples thereof
|
| 12. |
Daily
price limit
|
5%
above and below the last traded price.
10%
above and below the last closing price
|
Limit of 10 per cent |
Permissible variation per
unit from the previous closing rate
( + / - ) Rs. 250/-
Permissible variation
relating to unit of quotation
(+/-) Rs. 25/- per Quintal.
|
| 13. |
Maximum
allowable open position
|
|
Member:
30,000 MT or 20% of market open interest, whichever is
higher.
Client: 15,000 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 June 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 15,000 MT
Client: Maximum of 8000 MT
|
|
| 14. |
Delivery
unit
|
1 MT
|
10 MT
|
10 MT
|
| 15. |
Delivery
centers
|
Indore
|
Indore
|
In respect of contracts
confirmed by the Exchange, commodities pertaining to
soybean complex shall be taken delivery of by the buyers
from the Certified Warehouses situated within the
Municipal Corporation limits of Indore and within its
radius not exceeding 60 Kms |
