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Asset Code
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CHANA
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Product Code
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CHANAF
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Series Code
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CHMMMMYYYY
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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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10 MT
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Delivery Unit
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10 MT (in 50 kgs/100 kgs in sound Jute bags but in uniform packing)
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Quotation/Base Value
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Rs per Quintal (100 Kg)
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Tick Size
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Re 1
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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 previous 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
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FAQ (Desi/ Katawala Variety)
Foreign Matter : 0.75% Max
Other Food Grains :1.5% Max
Other Variety of Grams : 5.00%Max
Damaged Grams : 2.5 %Max
Weeviled : 1%
Slightly Damaged Grains : 3.00 %Max
Immature & Shriveled Grains :7.00 %Max
Moisture : 11% Max.
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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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Central Warehousing Corporation, Delhi
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Opening of Contracts
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Trading in any contract month will open on the 10th day of the month, minimun 2
months prior to the contract month.
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Due Date
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20th day of the delivery months if 20th 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 17th and 20th of delivery month.
No fresh positions building will be allowed. From 17th to 20th 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 – 10,000 MT.
Member – 40,000 MT or 15% of total market open position in the commodity whichever
is higher
Near Month Limit:
Client – 2,000 MT
Member – – 8,000 MT or 15% of the total near month position in the commodity, whichever
is higher
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