|Exchange||National Commodity & Derivatives Exchange|
|Contract Size||1 kilogram|
|Pricing Unit||Need pricing unit!|
|Tick Value||1 Rupee|
|Contract Months||All months|
|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 of the Exchange, which is other than a Saturday.
The settlement of contract would be by a staggered system of 5 Pay-ins and Pay-outs including the 5th Pay-in and Pay-out which would be the Final Settlement of the contract.
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||Mondays through Fridays: 10:00 AM to 11:55 PM
Saturdays: 10:00 AM to 02:00 PM
|Price Limits||N/A||Daily price fluctuation limit is (+/-) 4%. 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 would be raised by another 50% of the existing limit i.e. (+/-) 2% and trade will be resumed.
If the price hits the revised price band (6%) 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 (+/-) 6% except such further variations as may be permitted by the regulators.