NCDEX Light Sweet Crude Oil
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| Light Sweet Crude Oil futures | ||
|---|---|---|
| Exchange | National Commodity & Derivatives Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 100 barrels (1 barrel = 42 US gallons = 158.98 liters) | |
| Point Value | Need point value! | |
| Tick Value | 1 Rupee | |
| Contract Months | All months | |
| Last Trading Day | Need LTD rules! | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Mondays through Fridays: 10:00 AM to 11:30 PM
10:00 AM to 11:55 PM (during US day light saving period) Saturdays: 10:00AM to 02:00 PM Expiry Date: at 11:30 PM / 11:55 PM |
| Ticker Symbol | N/A | CRUDEOIL |
| Price Limits | N/A | Daily Price fluctuation limit will be (+) / (-) 6 %. On the first day the limit on daily price fluctuation will be reckoned with reference to the opening price. If the trade hits this price limit, price freeze would be applied for 15 minutes. Thereafter, the price limit would be extended by another (+)/ (-) 3%. No trade would be permitted during the day beyond the revised price limit of (+)/ (-) 9%. On the second and subsequent days of trade, the daily price fluctuation limit will be reckoned with reference to the mark-to -market rate of the previous closing day. |
