| S.
No. |
Basis
|
Multi
Commodity Exchange of India Ltd
|
National
Multi Commodity Exchange of India Limited
|
National
Commodity & Derivatives Exchange Ltd.
|
National
Board of Trade |
| 1.
|
Symbol |
REFSOYOIL
|
SOYOF
|
SYOREFIDR |
SO
|
| 2. |
Description
|
REFSOYOILMMMYY |
SYOMMMYYYY |
|
|
| 3. |
Trading
period
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday
through Saturdays
|
Monday through Saturdays
|
| 4. |
Trading
session
|
Mondays
to Friday: 10.00 a.m. to 5:00 p.m.
Saturday:
10.00 a.m. to 2.00 p.m.
|
Monday
to Friday: 10:00
am to 5:00 pm
Saturday:
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
|
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
|
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 soy oil 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 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
|
10 MT
|
1 MT
|
10 MT
|
1 MT
|
| 10. |
Base
value/quotation
|
Rs. per 10 kg
|
10 Kgs
|
Rs per 10 Kgs
|
Rs per 10 Kgs
|
| 11. |
Maximum
order size
|
300 MT
|
|
|
-
|
| 12. |
Tick
price (minimum price movement)
|
5 paise
|
10 paise
|
5 paise
|
Rs. 10/- per MT or
multiples thereof
|
| 13. |
Daily
price limit
|
3
%
|
5%
above and below the last traded price.
10%
above and below the last closing price
|
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. 750/-
Permissible variation
relating to unit of quotation
(+/-) Rs. 7.50 per 10 Kg.
|
| 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.
|
|
|
|
| 16. |
Maximum
allowable open position
|
For a client: 20000 MT
For a member collectively for all clients:
80000 MT or 20% of the total market open
position,
whichever is higher
|
|
Member-wise
: 80000 MT or 20% market open position
Client-wise : 20000 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 April 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 5000 MT
|
|
| 17. |
Delivery
unit
|
10
MT (with tolerance limit of 250 kg)
|
1
MT
|
10 MT
|
10 MT
|
| 18. |
Delivery
centers
|
Storage
tanks located within 50 kilometers of Indore Municipal
limits
|
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 |
