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Asset Code
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GUGUM
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Product Code
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GUGUMF
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Series Code
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GUGMMMYYYY
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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
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Quotation/Base Value
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Rs per Quintal
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Tick Size
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10 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 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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Refined splits; min 90% (Inclusive 7% Broken)
Undehusked splits; max 10% (Inclusive of 1% Black Splits)
Ash; 1% max
Protin 5% max
Residue insoluble in acid 5%
Moisture max 8%
Through 14” Mesh; 3% max
Through 20” Mesh; 0.10% max
Foreigh particles; 0.20%, all non gum particles
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| Packing |
In 80 kgs net new ATwill bag without any marking with inner lining of PP bag |
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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 warehouse in Bikaner
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Opening of Contracts
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Minimum 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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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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Delivery Logic
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Compulsory Delivery
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Limit on open position
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Aggregate Limit
Client – 1,000 MT
Member –3,000 MT or 15% of total market open position in the commodity whichever is higher
Near Month Limit:
Client-200 MT
Member –600 MT or 15% of the total near month position in the commodity, whichever
is higher
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