| S.
No. |
Basis
|
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
National
Board of Trade |
| 1.
|
Symbol |
SOYMEAL |
SBMEALIDR |
SM
|
| 2. |
Description
|
SOYMEALMMMYY |
|
|
| 3. |
Trading
period
|
Mondays 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
|
12 contracts |
Minimum
2 contracts with a maximum of 12 contracts
running concurrently
|
There shall be twelve contracts
in soy meal in a year, viz; November, December, January,
February, March, April, May, June, July, August, September and October deliveries.
|
| 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 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
|
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
|
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
|
10 MT |
10 MT
|
10 MT
|
| 10. |
Base
value/quotation
|
1 MT |
Rs per MT
|
Rs per MT
|
| 11. |
Maximum
order size
|
100 MT |
|
-
|
| 12. |
Tick
price (minimum price movement)
|
Re 1 |
Re. 1
|
Rs. 5/- per MT
or multiples thereof
|
| 13. |
Daily
price limit
|
3%
|
Daily price
limit of 6% provided that there will be a cooling period
of 15 minutes after the trade hits the prescribed daily
price limit. Thereafter the price band will be raised by
another 50 % of the existing limit - upto 9 % and trade
will be resumed. If the price hits the revised price
band again during the day, no trade/ order shall be
permitted beyond the revised limit during the day |
Permissible variation per
unit from the previous closing rate
( + / - ) Rs. 1500/-
Permissible variation
relating to unit of quotation
(+/-) Rs. 150 per MT.
|
| 14. |
Initial Margin |
4%
|
|
|
| 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 2 days,
after which the special margin will be relaxed
|
Special
Margin of 5% of the value of the contract whenever the
rise or fall in price from the first day's closing price
of 20% payable by buyer or seller depending on whether
prices rise or fall respectively. The margins shall stay
in force so long as price stays beyond the 20% limit and
will be withdrawn as soon as the price is within the 20%
band. |
|
| 16. |
Maximum
allowable open position
|
For individual
clients: 20000 MT
For a member collectively for all
clients: 80,000 MT or 20% of the total market position,
whichever is higher |
Member-wise : 80,000 MT
or 20% market open position
Client-wise :
20,000 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 May 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 20,000 MT
Client : Maximum of 4000 MT
|
|
| 17. |
Delivery
unit
|
10 MT (with
tolerance limit of 250 kg) |
10 MT
|
50 MT
|
| 18. |
Delivery
centers
|
Within 30 km
of Indore Municipal limits |
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 |
