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Asset Code
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CARDAM
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Product Code
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CARDAMF
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Series Code
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CDMMMMYYYY
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Trading System
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NMCE’s Derivatives Trading and Settlement System
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Trading Hours
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Monday to Friday:10:00 am to 5:00 pm
Saturday:10:00 am to 2:00 pm
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Unit of Trading
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100 Kg.
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Delivery Unit
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100 Kg.(Packing in 50 Kg. net double jute bag with inner polithene lining)
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Quotation/Base Value
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1 Kgs
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Tick Size
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5 Paise
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Price Band
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Daily price fluctuation limit will be +/-3%. Limit on daily price fluctuation will
be reckoned with reference to the pervious close price. If trade hits this price
limit, trade would stop for 15 minutes, where after price would be extended by another
+/-1%. No trade would be permitted during the day beyond then revised price limit
of +/-4%.
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Quality Specification
[Grade–AGB(Allepey Green Bold)]
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1.Size (Dia of holes in m.m.) of the sieve on which retained : 6.0 m.m.
2.Also Deliverable: Cardamom which shall remain on seive of 7 m.m. size with 18%
premium
3.Colour:Deep green, fancy green, fast green or green. It shall not be discolored
capsules
4.The cardamom delivered shall be free from blacks and fruits
5.Immature Cardamom: 5% maximum by count
6.Split Cardamom: 5% maximum by count
7.Thrips: 3% maximum by count
8.Immature, split, shrivelled, and thrips taken together shall not exceed 7% by
count
9.Weight in G/L: 400 min
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Additional Tenderable Variety
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1.Size (Dia of holes in m.m.) of the sieve on which retained : 7.0 m.m. at a premium
of 18%.
2.Colour:Deep green, fancy green, fast green or green. It shall not be discolored
capsules
3.The cardamom delivered shall be free from blacks and fruits
4.Immature Cardamom: 5% maximum by count
5.Thrips: 3% maximum by count
6.Immature, split, shrivelled, and thrips taken together shall not exceed 7% by
count
7.Weight in G/L: 400 min
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No. of delivery Contracts in a year
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Maximum 12 months contracts in a year
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Delivery Centers
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CWC Cochin Basis center
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Additional Delivery Center
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CWC Vendenmendu, or any center within the radius of 15 km of Vendenmendu at par
with Cochin Basis center
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Opening of Contracts
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Min 2 months prior to the contract month.
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Due Date
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15th day of the delivery months if 15th happens to be holiday then previous working
day.
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Delivery Logic
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Compulsory Delivery
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Closing of Contract
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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.
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Limit on open position
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Client – 160 MT
Member – 600 MT or 15% of total market open position in the commodity whichever
is higher
Near Month Limit:
Client – 40 MT
Member – 160 MT or 15% of the total near month position in the commodity, whichever
is higher
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