| Asset Code |
COFER |
| Product Code |
COFERF |
| Series Code |
CFRMMMYYYY |
| Trading System |
NMCE’s Derivatives Trading and Settlement System |
| Trading Hours |
Monday to Friday:10:00 am to 10:00 pm
Saturday:10:00 am to 2:00 pm
|
| Unit of Trading |
1500 Kg (25 Bags) |
| Delivery Unit |
1500 Kg (25 Bags) |
| Quotation/Base Value |
Rs per Quintal (100 Kg) |
| Tick Size |
50 Paisa |
|
Price Band
|
Daily price fluctuation limit will be +/-2 %. 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
+/- 2%. No trade would be permitted during the day beyond then revised price limit
of +/- 4%
|
|
Quality Specification
|
[Grade – REP BULK Coffee]
1)A minimum of 60 percent by weight (flat beans) shall stand on a sieve with round
holes of 6.00 mm (screen number 15)
2) A minimum of 20 percent by weight (flat beans) shall stand on sieve with round
holes of 6.65 mm (screen number 17);
3) BBB (Black, Brown & Bits) in REP Bulk coffee is maximum 8% by weight; REP
Bulk coffee with BBB content above basis level of 8% up to maximum 15% can be accepted
with deductions in price on 1:0.25
4) Husk and Foreign Matter in REP Bulk coffee is maximum 0.5% by weight. REP Bulk
coffee with Husk and Foreign Matter above basis level of 0.5%, up to maximum 2%
can be accepted with deduction in price of 1:1
5) The REP Bulk coffee may contain moisture of maximum of 13 % but acceptable up
to 14.% subject to deduction in Price 1:1.25
|
|
Packing
|
In 60 Kilos net new Single IJIRA HCF (Hydrocarbon Free) jute bags
|
|
No. of delivery Contracts in a year
|
Maximum 6, Bi-monthly contracts in a year.
|
|
Delivery Centers
|
Kushalalnagar (Coorg) basis center, additional delivery centers Hassan and Chikmagalur
in Karnataka and Kalpetta in Kerala at par
|
|
Opening of Contracts
|
As per approved calendar
|
|
Due Date
|
Last day of the delivery month if last day happens to be holiday then previous working
day.
|
|
Closing of Contract
|
Squaring up of positions will be permitted during last 5 trading days of delivery
month. No fresh positions building will be allowed during the delivery period of
last 5 trading days. During the last 5 trading days 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.
|
|
Delivery Logic
|
Compulsory Delivery
|
|
Limit on open position
|
Aggregate Limit
Client –2000 MT
Member –6,000 MT or 15% of total market open position in the commodity whichever
is higher
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.
Near Month Limit:
Client-400MT
Member –1200 MT or 15% of the total near month position in the commodity, whichever
is higher
|