| Trading
system |
NCDEX
Trading System |
| Trading
hours |
Mondays
through Fridays
Trading Hours - 10:00 am to 4:00 pm and 5:00 pm to
11:00 pm
Closing Session - 11:15 pm to 11:30 pm
Saturdays
Trading Hours - 10:00 am to 2:00 pm
Closing Session - 2:15 pm to 2:30 pm
On the expiry date, contracts expiring on that day
will not be available for trading after 4 p.m. |
| Basis |
Unpolished
turmeric fingers Nizamabad quality ex warehouse
Nizamabad inclusive of all taxes |
| Unit
of trading |
10 MT |
| Delivery
Unit |
10 MT |
| Quotation/Base
Value |
Rs.
per Quintal |
| Tick
size |
Re. 1 |
| Price
Band |
Limit
10%. Limits will not apply if the limit is reached
during final 30 minutes of trading |
| Quality
specification |
- Unpolished turmeric fingers
- Inferior quality Turmeric* should not be more
than 1.5%
- Fingers that are broken/those less than 15mm
should not be more than 3.0%
- Damage due to moisture (i.e. Lokhandi) or over
boiling (i.e. Kadh) should not be more than 0.3%
- Unboiled or less boiled turmeric should not be
more than 0.4%
- Busha, chaff dirt, earth clods and stones should
not be more than 0.75%
- Bulbs should not be more than 2%
- Moisture should not be more than 10%
- Turmeric should be free from fungus
- Turmeric should not be artificially coloured
with dyes or chemicals * Chora, Chora-gatha,
Khota-gatha, Gadhvi-gatha and Kapiv-gatha
|
| Also
Deliverable |
Unpolished
turmeric fingers qualities - Erode, Rajapore,
Duggirala, Warangal |
| Quantity
variation |
+/- 2% |
| No. of
active contracts |
Maximum
12 monthly or minimum 2 monthly contracts running
concurrently |
| Delivery
Center |
Warehouses
notified by Exchange in Nizamabad, Sangli and Erode |
| Delivery |
Upon
expiry of the contracts, if any Seller with open
position desires to give delivery at a particular
delivery center, then the corresponding Buyer with
open position as matched by the process put in place
by the Exchange shall be bound to settle by taking
physical delivery |
| Opening
of contracts |
December
2004 and April 2005 contracts to be launched on July
27, 2004
Subsequently trading in any contract month will open
on the 21st of the month. If the opening day happens
to be a non-trading day, contracts would open on the
next trading day |
| Due
date |
20th
day of the delivery month. If 20th happens to be a
holiday, then previous trading day. If 20th happens to
be a Saturday or Sunday then the due date shall be the
immediately last preceding trading day of the Exchange |
| Closing
of contract |
All
open positions will be settled as per general rules
and product specific regulations |
| Position
limits |
Member-wise:
Max (Rs. 20 crore, 15% of open interest), whichever is
higher
Client-wise: Max (Rs. 10 crore, 10% of open interest),
whichever is higher |
| Premium
/ Discount |
Shall
be notified by the Exchange on or before the expiry
date |
