|Exchange||National Commodity & Derivatives Exchange|
|Contract Size||10 metric tons|
|Pricing Unit||Need pricing unit!|
|Tick Value||Re. 0.20|
|Contract Months||Jan, Feb, Mar, Apr, Nov, Dec|
|Last Trading Day||20th day of the delivery month. If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day (other than a Saturday) of the Exchange.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||Mondays through Fridays - 10:00 AM to 5:00 PM
Saturdays - 10.00 AM to 2.00 PM
|Price Limits||N/A||Daily price fluctuation limit is (+/-) 2%. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter, the price band shall be raised by another (+/-) 2% and trade will be resumed. If the price hits the revised price band again during the day, trade will only be allowed within the revised price band. No trade/order shall be permitted during the day beyond the revised limit of (+/-) 4%.
On the first day, the limit on daily price fluctuation will be reckoned with reference to the opening price. On the second and subsequent days, the daily price fluctuation limit will be reckoned with reference to the mark-to-market rate of the previous closing day.