2281 1262 @ 2281 1429 h kkjr l jdkj r kj ok;nk; ksx ...fmc.gov.in/writereaddata/links/jan-june 2013...

FMC/3/2012/C/145

No.3/1/2012/NMCE/COM-(OL-II) Dated the 1st November, 2012

To, The Managing Director, National Multi-Commodity Exchange of India Ltd., 5, 4th Floor, H. K.House, 7B/h, Jivabhai Chambers, Ashram Road. Ahmedabad-380 009(Gujarat)

Sub:Trading permission for futures contracts expiry for January 2013 to

June 2013 at NMCE, Ahmdabad. Sir, I am directed to refer to your letter No. NMCE/FMC/2012-13/682 dated 14th May 2012 and the subsequent letters no. NMCE/FMC/2012-13/2031 dated the 10th September 2012 and NMCE/FMC/2012-13/2125 dated the 25th September 2012 on the above subject and to convey in pursuance of Bye-law No.1 A of Chapter 4 of the Bye-law of the exchanges, the approval of the Commission for trading in the commodities viz. Castor seed, Chana, Coffee Rep Bulk, Isabgulseed, Pepper, R/Mseed, Soya Oil, Raw Jute, Sacking, Aluminium Ingots, Copper, Lead, Nickel, Zinc, Gold, Gold Guinea & Copra subject to the contract specification along with contract launch calendar enclosed at Annexure 1-17 respectively.

2. I am further to add that trading in the above said contracts shall be subject to the rules, Bye-laws and Regulations of the Exchange and also the contract specifications of the said commodity as approved by the Commission and the directions issued by the Commission from time to time.

3. The permission for the above contracts shall also be subject to:

(i) A limit on open position of each member and non-member client and the limit on

daily price fluctuation and special margins as specified in the contract specification. (ii) Once the contracts are commenced, no terms of the contracts specification should be

changed without prior approval of the Commission.

V s f y Qk s u % 2281 1262 @ 2281 1429 H kkjr l jdkjH kkjr l jdkjH kkjr l jdkjH kkjr l jdkj Telephone : 2281 1262 / 2281 1429 r k j QW Dl

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GOVERNMENT OF INDIA Telegram Fax

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FORMARCOM-KALBADEVE 2281 2086

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[email protected] www.fmc.gov.in

FORWARD MARKETS COMMISSION

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MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION

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(iii) The permission granted for the said contracts is subject to daily Mark to Market settlement of outstanding contracts as per the procedure and delivery mechanism/process specified in the Bye-laws, the Rules and the Regulations of the Exchanges.

(iv) The circulars issued by the Commission in regard to the regulatory measures

applicable to the trading in the aforesaid commodities. 4. The Exchange shall intimate to the Commission soon after the trading in the above

said contracts is commenced and forward the details of the trading activity in Return I and II to the Commission at the close of Business hours every day.

5. The Exchange shall send to the Commission a monthly/quarterly report on the

functioning of the various contracts in respect of the above mentioned commodities along with a market report.

6. It is further stated that the Exchange, being the first tier regulator, shall ensure that

there is no non genuine trading in the market or trading to generate false volumes or for facilitating evasion of taxes. If trading in the above mentioned contracts results in such trading or excessive/unhealthy speculation, the Commission will intervene and impose stern measure to deal with the situation and if the situation so warrants, revoke the permission granted to any or all the contracts.

7. The Exchange is also requested to inform the Commission about the actions taken by

the Exchange to increase trade participation in these commodities.

8. The contents of this letter may please be notified to the trade immediately and the circulars released by the Exchanges from time to time shall also be sent to the Commission.

9. The permission for the approval of the contracts in seventeen commodities is given

for the period upto June 2013. Meanwhile, the Exchange should inform the commission regarding the steps taken to improve hedging in these contracts & the ratio of volume to OI by 15th December 2012. The approval of the contracts shall be extended on review of steps taken by the Exchange and the VoT & OI ratio.

10. The Exchanges may post the details of the approved contracts and their specifications

on website immediately upon the receipt of this letter. Yours faithfully,

SD/- (Usha Pralhad Pol)

Director Encl: Annexure I (Contract specifications Annexures A1-17)

ANNEXURE-A-1

ALUMINIUM INGOTS CONTRACT

Asset Code ALUM5

Product Code ALUM5F

Series Code ALUMMMYYYY

Trading System NMCE’s Derivatives Trading and Settlement System

Trading Hours Monday to Friday :10:00 am to 10:00 pm Further extensions in timings upto 11:30 pm will be notified through circulars Saturday :10:00 am to 2:00 pm

Unit of Trading 5 Tons

Delivery Unit 10 MT with tolerance limit of +/- 0.5 MT

Quotation/Base Value Rs. Per Kg*

Maximum Order Size 150 Tons

Tick Size 5 Paise

Price Band^ Base daily price limit = 4% Ist slab of daily price limit = 2% II nd slab of daily price limit = 3% Maximum daily price limit = 9% When the base daily price limit is breached, the relaxation will be allowed up to the first slab without any break / cooling off period in the trade. In case the daily price limit of the I st slab is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed as per the limit stated in the II nd slab.

Quality Specification Primary aluminium of 99.7% purity (Minimum) Form: (1) Ingots (2) T-bars (3) Sows Weight: (1) 12-26 kg each (2) Shall not exceed 5% more than 750 kg (3) Shall not exceed 5% more than 750 kg

Delivery Centers CWC bonded Warehouses located in Mumbai (Basis Center) (Within 20 Kilometers outside Mumbai octroi limit.)

Opening of Contracts Trading in any contracts will open on the 1st day of the month.

Delivery and Settlement procedure of Aluminium

Delivery Logic Both Option

Buyer’s and Seller’s

Intention

Three working days prior to the contract expiry day by 6.00 p.m. i.e. 27th of the expiry month for 30th expiry contract & 28th of the expiry month for 31st expiry contract.Seller will submit copies of relevant documents as evidence that he is holding stock at the time of giving his intention.

Tender Day 1st working day after expiry of contract by 6.00 p.m.

Matching of Buyer’s and

Seller’s Intention

On the basis of intention received from the buyers and sellers, the Exchange will match the total quantity offered by the buyers and sellers and with respect to the matched quantity, the allocation of delivery between the buyers and sellers will be done. The unmatched quantity of open position will be closed out as per DDR and actual delivery will be effected only to the extent of matched quantity.

Dissemination of the

information on delivery

intention on TWS

On the contract expiry day by 7.00 p.m.

Delivery allocation

- Date - Rate

- On expiry date of the Contract - At due date rate (DDR)

Initial margin Minimum 5%

Additional and/ or

Special margin

In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit, will be imposed in respect of all outstanding positions.

Delivery period margin 15% margin will be imposed during tender and delivery period on both buyers and sellers on matched quantity and shall be recovered on 1st working day after expiry of the contract.

Penal provisions After getting (matching) intentions from the buyer and seller to take or give delivery, if any of the party fails to honour his obligations, a penalty of 2.5% of the DDR will be imposed on him. Additionally, a replacement cost of 4% of DDR will be recovered from the defaulting buyer / seller. Apportioning of the penalty: 2% (i.e. 80% of penalty amount) will be credited to IPF 0.5% (i.e. 20% of penalty amount) will be credited to the counter party While out of the replacement cost recovered 90% will be passed on to the counter party and 10% will be retained by the Exchange towards administrative expenses.

The above is subject to change as per directions of FMC

Due Date Last day of the Contract months if last day happens to be holiday then previous working day.

Due date Rate

DDR is calculated by taking the average of Aluminium prices of International Exchange in USD on the last three days of contract maturity and multiplying the average by the Rupee conversion Rate from USD as declared by RBI on expiry of the contract.

Odd lot treatment Delivery will be affected only on delivery lot basis. In case there is any mismatch in the position of seller and buyer then delivery will not be matched and accordingly the position will be closed out at the DDR.

Net open position For individual clients - 15000 MT For members = 75000 MT collectively for all clients: Not more than 15 % of market-wide open position, whichever is higher.

Applicability of Business

Rules

The general provisions of Business Rules of the Exchange and decisions taken by Forward Markets Commission, Board of Directors and Executive Committee of the Exchange in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures, warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.

* Exclusive of all taxes and levies relating to import duty, customs, sales tax/ VAT as the case may be, special additional duty, expenses and octroi. At the time of delivery, the buyer has to pay these taxes and levies in additional to delivery order rate. ^ In case of price movement in International markets which is more than the

maximum daily price limit (currently 9%), the same may be further relaxed in steps of

3% with the approval of FMC

Aluminium Trade Calendar

Jan-13 On receipt of approval from FMC

Thursday, January 31, 2013

Feb-13 On receipt of approval from FMC

Thursday, February 28, 2013

Mar-13 Saturday, December 01, 2012 Saturday, March 30, 2013

Apr-13 Tuesday, January 01, 2013 Tuesday, April 30, 2013

May-13 Friday, February 01, 2013 Friday, May 31, 2013

Jun-13 Friday, March 01, 2013 Saturday, June 29, 2013

ANNEXURE-A-2

CASTORSEED CONTRACT

Asset Code CASTOR

Product Code CASTORF

Series Code CSTMMMYYYY


Trading Hours Monday to Friday :10:00 AM to 5:00 PM Saturday: 10:00 am to 2:00 pm

Unit of Trading 10 MT

Delivery Unit 10 MT

Quotation/Base Value 100 Kgs

Maximum Order Size 500 MT

Tick Size 10 paise

Price Band Daily Price fluctuation limit will be +/-3%. Limit on daily price fluctuation will be reckoned with reference to the pervious close price/opening 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%

Quality Specification Castor Seed 1. Foreign Matter-2.0% 2. Damaged Discolored Seeds-5.0% 3. Immature, Shriveled and Dead seeds-2.0% 4. Broken seeds-0.5% 5. Other Oil seeds-0.5% 6. Weevil led Seeds-1.0% 7. Moisture-5.0% max.

Total refraction from Sr. No. 1 to 6 should not exceed 3%

Delivery Centers CWC Ahmedabad Basis

Additional Delivery Center Palanpur, Disa, Dhanera, Patan, Sidhpur, Unjha & Mehasana, Kadi, Bhabhar, Harij, Talod, Kapadwanj, Himatnagar, Bhuj, Rajkot, Halvad, Jamnagar,Dhoraji Subject to freight appropriation from Ahmedabad basis center

Opening of Contracts Trading in any contract month will open on the 16th day of the month as per the approved calendar

Due Date 15th day of the delivery months if 15th happens to be holiday then previous working day.

Due Date Rate*

Due date rate for Castor seed is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Ahmedabad market for the

basis variety.

Closing of Contract During the delivery period of 10 to 15 of the delivery month; if the seller member tenders the WRs to the Exchange clearing house, it will allocate the same on FIFO basis to the corresponding buyer at a close price of the previous day, since mark to market (MTM) up to a price of previous day could be settled through daily clearing, on such matching (allocations). The settlement of such matched position shall be matching (T) +3 days for fund pay-in and pay-out from the buyers and to the sellers respectively.

Delivery Logic Compulsory Delivery


Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Member – 40,000 MT or 15% of total market open position in the commodity whichever is higher Client – 8,000 MT Near Month Limit: Member – 10,000 MT or 15% of the total near month position in the commodity, whichever is higher Client – 2,000 MT

*Refer FMC Circular No./5/1/2011/ACE/PER (VOL -II) dated 28.06.2011 &

04.07.2011

Castor seed Trade Calendar

Feb-13 On receipt of the permission from FMC Friday, February 15, 2013

Apr-13 On receipt of permission from FMC Monday, April 15, 2013

Jun-13 Monday, December 17, 2012 Saturday, June 15, 2013

ANNEXURE-A-3

CHANA CONTRACT

Asset Code CHANA

Product Code CHANAF

Series Code CHNMMMYYYY


Trading Hours Monday to Friday :10:00 am to 5:00 pm Saturday :10:00 am to 2:00 pm


Delivery Unit (Packing) 10 MT (in 50 kgs/100 kgs in sound Jute bags but in uniform packing)

Quotation/Base Value `per Quintal (100 Kg)

Maximum order

size

500 MT

Tick Size `1

Price Band 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%

Quality Specification

FAQ (Desi/ Katawala Variety) Foreign Matter : 0.75% Max Other Food Grains :1.5% Max Other Variety of Grams : 5.00%Max Damaged Grams : 2.5 %Max Weeviled : 1% Slightly Damaged Grains : 3.00 %Max Immature & Shriveled Grains :7.00 %Max Moisture : 11% Max.

Delivery Centers Central Warehousing Corporation, Delhi

Opening of Contracts Trading in any contract month will open on the 10th day of the month, minimun 2 months prior to the contract month.

Due Date 20th day of the delivery month if 20th happens to be holiday then previous working day.

Due Date Rate Due date is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Delhi market for the basis variety.

Closing of Contract Squaring up of positions will be permitted between 17th and 20th of delivery month. No fresh positions building will be allowed. From 17th to 20th 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.



Additional and/ or

Special margin


Delivery period

Margin

15%

Position Limit Member – 75,000 MT or 15% of total market open position in the commodity whichever is higher Client – 15,000 MT Near Month Limit: Member – 15,000 MT or 15% of the total near month position in the commodity, whichever is higher Client – 3,000 MT

Note: (1) In case of Foreign Matter and moisture, if it exceeds the given maximum tolerance limit, the deduction in price shall be made in pro rata basis. However stocks having moisture above 12%; shall be rejected by CWC.

(2) Prices of Contract are basis Desi variety. Katawala shall be accepted subject to price

discount of 3 % from the basis price. *Refer FMC Circular No./5/1/2011/ACE/PER (VOL -II) dated 28.06.2011 &

04.07.2011

Chana Trade calendar

Jan-13 On receipt of the permission from FMC Saturday, January 19, 2013

Apr-13 Saturday, November 10, 2012 Saturday, April 20, 2013

May-13 Monday, December 10, 2012 Monday, May 20, 2013

Jun-13 Thursday, January 10, 2013 Thursday, June 20, 2013

ANNEXURE-A-4

COFFEE REP BULK CONTRACT

Asset Code COFER

Product Code COFERF

Series Code CFRMMMYYYY



Unit of Trading 1500 Kg (25 Bags)

Delivery Unit 1500 Kg (25 Bags)

Quotation/Base Value Rs per Quintal (100 Kg)

Maximum Order Size 75000 Kg

Tick Size 50 paise



[Grade – REP BULK Coffee]

• A minimum of 60 percent by weight (flat beans) shall stand on a sieve with round holes of 6.00 mm (screen number 15)

• A minimum of 20 percent by weight (flat beans) shall stand on sieve with round holes of 6.65 mm (screen number 17);

• BBB (Black, Brown & Bits) in REP Bulk coffee is maximum 8% by weight; REP Bulk coffee with BBB content above basis level of 8% up to maximum 15% can be accepted with deductions in price on 1:0.25

• Husk and Foreign Matter in REP Bulk coffee is maximum 0.5% by weight. REP Bulk coffee with Husk and Foreign Matter above basis level of 0.5%, up to maximum 2% can be accepted with deduction in price of 1:1

• The REP Bulk coffee may contain moisture of maximum of 13 % but acceptable up to 14.% subject

to deduction in Price 1:1.25

Packing In 60 Kilos net new Single IJIRA HCF (Hydrocarbon

Free) jute bags

Delivery Centers Kushalalnagar (Coorg) basis center, additional delivery

centers Hassan and Chikmagalur in Karnataka and

Kalpetta in Kerala at par

Opening of Contracts As per approved calendar

Due Date Last day of the delivery month if last day happens to be holiday then previous working day.

Due Date Rate

Due date rate for Coffee- Grade REP Bulk (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Kushalalnagar (Coorg) market for the basis variety.

Closing of Contract Squaring up of positions will be permitted during last 5 trading days of delivery month. No fresh positions building will be allowed during the delivery period of last 5 trading days. During the last 5 trading days 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.

Delivery Logic Compulsory Logic


Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Client – 2000 MT Member – 6,000 MT or 15% of total market open position in the commodity whichever is higher The above limits will not apply to bonafide hedgers. For bonafide hedgers , the Exchange will, on a case to case basis, decide the hedge limits. Near Month Limit: Client - 400 MT Member – 1200 MT or 15% of the total near month position in the commodity, whichever is higher


04.07.2011

Coffee Trade Calendar

Jan-13 On receipt of permission from FMC Thursday, January 31, 2013

Mar-13 On receipt of permission from FMC Saturday, March 30, 2013

May-13 Saturday, December 01, 2012 Friday, May 31, 2013

ANNEXURE-A-5

COPPER CONTRACT

Asset Code COPPER

Product Code COPPERF

Series Code COPMMMYYYY

Trading System NMCE’S Derivatives Trading and Settlement System

Trading Hours Monday to Friday : 10:00 am to 10:00 pm Further extensions in timings upto 11:30 pm will be notified through circulars Saturday :10:00 am to 2:00 pm


Delivery Unit 10 MT with tolerance limit of + / - 1 % (100 kg)

Quotation/Base Value Rs. per Kg*

Maximum order

size

40 MT

Tick Size 5 Paise per kg


Quality Specification Grade 1 electrolytic copper as per B115 specification


Delivery and Settlement procedure of Copper

Delivery logic Both Option


Additional and/ or

Special margin

In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit, will be

imposed in respect of all outstanding positions.

Delivery period

Margin

15%


Intention

Three working days prior to the contract expiry day by 6.00 p.m. i.e. 27th of the expiry month for 30th expiry contract & 28th of the expiry month for 31st expiry contract. Seller will submit copies of relevant documents as evidence that he is holding stock at the time of giving his intention.

Tender day 1st working day after expiry of contract by 6.00 p.m.



On the basis of intention received from the buyers and sellers, the Exchange will match the total quantity offered by the buyers and sellers and with respect to the matched quantity, the allocation of delivery between the buyers and sellers will be done. The unmatched quantity of open position will be closed out as per DDR and actual delivery will be affected only to the extent of matched quantity.



intention on TWS


Delivery Allocation

-Date

-Rate


Delivery period margin 15% margin will be imposed during tender and delivery period on both buyers and sellers on matched quantity and shall be recovered on 1st working day after expiry of the contract

Penal provisions After getting (matching) intentions from the buyer and seller to take or give delivery, if any of the party fails to honour his obligations, a penalty of 2.5% of the DDR will be imposed on him. Additionally, a replacement cost of 0.5% will be recovered from the defaulting buyer / seller. Apportioning of the penalty: - 2% (i.e. 80% of penalty amount) will be credited to IPF - 0.5% (i.e. 20% of penalty amount) will be credited to the counter party While, out of the replacement cost recovered, 90% will be passed on to the counterparty and 10% will be retained by the Exchange towards administrative expenses. The above is subject to change as per directions of FMC

Due Date Last day of the contract months if it happens to be holiday then previous working day.

Due date rate DDR is calculated by taking the average of Copper prices of International Exchange in USD on the last three days of contract maturity and multiplying the average by the Rupee conversion Rate from USD as declared by RBI on expiry of the contract.

Odd lot treatment Delivery will be affected only on delivery lot basis. In case there is any mismatch in the position of seller and buyer then delivery will not be matched and accordingly the position will be closed out at the DDR.

Net open position For individual clients: 5000 MT 25,000 MT or 15% of the market wide open position whichever is higher


Rules


* Exclusive of all taxes and levies relating to import duty, customs, sales tax/ VAT as the case may be, special additional duty, expenses and octroi. At the time of delivery, the buyer has to pay these taxes and levies in additional to delivery order rate. ^ In case of price movement in International markets which is more than the




04.07.2011 Copper Trade Calendar

Feb-13 On receipt of permission from FMC Thursday, February 28, 2013

Apr-13 On receipt of approval from FMC Tuesday, April 30, 2013

Jun-13 Tuesday, January 01, 2013 Saturday, June 29, 2013

ANNEXURE-A-6

GOLD GUINEA CONTRACT

Asset Code GOLDG8

Product Code GOLDG8F

Series Code GG8MMMYYYY


Trading Hours Monday to Friday :10:00 am to 10:00 pm* Saturday :10:00 am to 2:00 pm

Unit of Trading 8 Grams Gold Coins

Delivery Unit 8 Grams Gold Coins of .999 Fineness and in multiplies thereof

Quotation / Base

Value

8 grams of fineness .999 (Ex Cochin including of all taxes /

levies relating to import duty, customs, but excluding Sales

Tax / VAT or surcharge thereon ,local taxes / octroi)

Maximum order

size

10 Kg

Tick Size Rs.1 per 8 grams

Price Band* Base daily price limit = 3%, 1st slab of daily price limit = 3% 2nd slab of daily price limit = 3%; Maximum daily price limit = 9% When the base daily price limit is breached, the relaxation will be allowed up to the first slab without any break / cooling off period in the trade. In case the daily price limit of the 1st slab is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed as per the limit stated in the 2nd slab. In case of price movement in international markets is more

than maximum daily price limit (9%), the same may be further

relaxed in steps of 3% with the approval of FMC

Quality Specification 0.999 purity (basis) acceptable up to 0.995 purity appropriated for premium / discount Discounted Rate = Rate of Delivery * 995 999 Muthoot branded BIS Certified serially numbered in tamper proof packing. Also serially numbered tamper proof Gold Guinea supplied by LBMA approved supplier as approved by NMCE to be

submitted along with supplier’s quality certificate

Making charges for

taking delivery

Buyer shall have to pay making charges in addition settlement price per Gold Guinea which shall be payable to the seller as under:

(i) For 0.995 purity – Rs.175/- (ii) For 0.999 purity – Rs.200/-

Delivery Centers Muthoot Finance Ltd. Cochin Basis.

Additional delivery

centers

Additional delivery centers of Muthoot Finance Ltd at

South India Centers:

Trivendrum, Kollam, Kottayam, Calicut, Chennai, Coimbtore,

Madurai, Trichi, Bangalore, Mangalore, Hyderabad, Trichur

North India Centers:

Kolkata, Ahmedabad, Jaipur, Mumbai, Indore, Delhi, Rajkot,

Kanpur, Lucknow

Opening of Contracts Trading in any contract month will open on the 1st day of the month, as per the approved calendar

Due Date Last day of the contract expiry month, in case the last day is

holiday previous working day will be considered

Closing of Contract During the last 5 delivery days till expiry day, if the seller member tenders the vault receipt of Muthoot Finance Ltd to the Exchange Clearing House, it will allocate the same on FIFO basis to the corresponding buyer at a close price of the previous day, since mark to market up to a previous day could be settled through daily clearing, on such matching (allocations). The settlement of such matched position shall be done on (T) + 2 days for fund pay-in and pay-out from the buyers and to the sellers respectively.

Exemption from

delivery margin

during delivery period

Delivery Margin is exempted on receipt of documentary evidence (viz., Vault Receipt and Quality Certificate) of tendering delivery with the Exchange approved delivery center

Penal Provision A penalty of 2.5% of the DDR will be imposed on defaulting buyer/seller out of 2% will be credited to IPF and 0.5% will be credited to the counter party Additionally 4% of DDR as replacement cost will be charged from defaulting buyer/seller out of which 90% will be given to the counter party and 10% will be retained by the Exchange as administrative expenses



Additional and/ or

Special margin


Delivery period 15%

Margin

Submission of

intention for delivery

at additional delivery

center

1. Submission of intention by the buyers to take delivery at the additional delivery centre by 3:00 pm on 5 calendar days prior to the contract expiry month. If it falls on Saturday, Sunday or any other trading holiday it will be one day prior. 2. Exchange will broadcast on the Trader Work Station about the total quantity and delivery centre, where the buyers are interested to take the delivery on the day intention received. 3. Sellers interested to give delivery at such additional delivery centre, may send their intention to the Exchange 5 calendar days prior to the contract expiry month. If it falls on Saturday, Sunday or any other trading holiday it will be one day prior. 4. Only matched quantity will be delivered and deliveries for unmatched quantity will be facilitated by the exchange 5. Buyers to be informed about allocation of delivery at additional delivery centre. (On confirmation by the Exchange, neither seller nor buyer to withdraw from their commitment and if so it will be treated as no fulfillment of their commitment and in such case a penalty of 6.5% will be imposed on the party in default).

Verification by the

Buyer at the time of

release of delivery

At the time of taking delivery, the buyer can check delivery in front of Muthoot personnel. If buyer is satisfied with the quantity, weight and quality of the material, buyer will hand over the receipt to Muthoot personnel. If not satisfied, he can request for assaying by any of the approved assayers available at that center. If the buyer chooses for assaying, Muthoot person will carry the goods to the assayer’s facilities, get it assayed and bring it back to Muthoot facilities along with assayer’s certificate. If the assayer’s certificate differs from the certificate submitted by the seller in respect of quality or weight materially, then the buyer and seller have to mutually negotiate the final settlement proceeds within 1 day from receipt of assayer’s report. However if they do not agree on any mutually acceptable amount arising due to difference in quality or weight within 1 day, then the Exchange will send the goods to a second assayer and in that case, the report received from such assayer will be final and binding on both buyer and seller. The cost of first assaying as well as cost of transportation from Muthoot to assayer’s facilities to and fro will be borne by the buyer, while the cost of second assaying, if any, will be equally divided between the buyer and seller. The vault charges during such period of first and second assaying, if any, will be borne by both the buyers and sellers equally. If the buyer does not opt for assaying at the time of lifting delivery, then he will not have any further recourse to challenge the quantity, weight or quality subsequently and it will be assumed that he has received the quantity, weight and quality as per the bill made by the seller.

Delivery Process at Delivery will be facilitated at all additional delivery centers even if

additional delivery

centers

the corresponding counter party is not available at that particular center

Validation Process on

Maturity Date

On receipt of delivery, the Muthoot personnel will do the following validations: a. Whether the selling member is a bonafide member of the Exchange. b. Whether the person carrying Gold Guinea is an authorized representative of the member of the exchange c. Seller delivering coin other than Muthoot brand, will have to provide quality/certification and other supporting document of origin/genuinity of the coin to be tendered through Banks / approved Vaulting agencies d. Whether the quantity being delivered is from Exchange approved refinery e. Whether the serial numbers of all the Gold Guinea is mentioned in the packing list provided along with gold Guinea certicard. Any other validation checks, as they may desire.

Due date rate (DDR)

Exchange shall announce the DDR based on the Cochin Spot price for Gold (10gms) polled on the last day of the expiry of this Gold Guinea contract by around 5.00pm, said spot price will be converted for 8 gms Gold Guinea (Gold spot price per 10 gms X 8/10). No trading shall be allowed after the declaration of DDR i.e. 5 PM on expiry day

Allocation of delivery

As per the DDR on the expiry day.

Close out of

outstanding

positions

All outstanding positions on the expiry of contract, not settled by way of delivery in the aforesaid manner, will be settled as per the due date rate with penalty as per penal provisions.

Limit on open position Client Level – 2 MT for all Gold contracts combined together Member Level – 6 MT for all Gold contracts combined together or 15% of the market’s open position, whichever is higher

*Further extensions in timings upto 11:30 pm will be notified through circulars *Refer FMC Circular No./5/1/2011/ACE/PER (VOL -II) dated 28.06.2011 &

04.07.2011

Gold Guinea Trade Calendar

Jan-13 On receipt of permission from FMC


Feb-13 On receipt of approval from FMC

Thursday, February 28, 2013





ANNEXURE-A-7

ISABGUL SEED CONTRACT

Asset Code ISABGS

Product Code ISABGSF

Series Code ISBMMMYYYY


Trading Hours Monday to Friday :10:00 am to 5:00 pm Saturday: 10:00 am to 2:00 pm

Unit of Trading 10.125 MT (135 bags of 75 Kgs net packing)

Delivery Unit 10.125 MT (135 bags of 75 Kgs net packing)

Packing In 75 Kgs net in New At will Bag

Quotation/Base Value Rs. Per Quintal


Tick Size 10 paise

Daily Price Fluctuation Daily price fluctuation limit will be ±2%. On the first day, the limit on daily price fluctuation will be reckoned with reference to the opening price. If trade hits this price limit, trade would stop for 15 minutes, where after price limit would be extended by another ± 2%. No trade would be permitted during the day beyond then revised price limit of ± 4%. On the second day of trade, the Daily price fluctuation limit will be reckoned with reference to the mark to market

Quality Specification Psyllium seed(Isabgul) Natural whitish pinkish coloured seeds 1. Immature red coloured seeds: 3% MAX by weight. 2. Black and Dead Isabgul seeds: 1% MAX by weight. 3. Foreign / Organic matter : 2% MAX by weight. 4. Test Weight : Weight of 100 seeds should be between 0.17 to 0.20 gm # Acceptable upto 0.15 gms with discount. 5. Moisture : 5% max

Delivery Basis Center Ex. Unjha inclusive all levies but excluding Sales Tax

Opening of Contracts Minimum 2 months prior to the contract month.

Due Date 15th day of the delivery month if 15th happens to be holiday then previous working day.

Due Date Rate

Due date rate for Isabgul seed is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Unjha market for

the basis variety.

Delivery Period Margin 15%

Limit on open position* Aggregate Limit: For member: 2000 MT, or 15% of the market-wide open position, whichever is higher. For client: 500 MT Near Month Limit: Member: 600 MT or 15% of the total near month position in the commodity, whichever is higher Client: 150 MT



Initial margin 5%

Additional and/ or

Special margin


Delivery period

Margin

15%

# Weight of 100 seeds should be between 0.15 to 0.17 gm Zina Dana acceptable

subject to discount of Rs. 50/- per Qntl.


04.07.2011

ISABGULSEED TRADE CALENDAR

Feb-13 On receipt of permission from FMC Friday, February 15, 2013



ANNEXURE-A-8

LEAD CONTRACT

Asset Code LEAD

Product Code LEADF

Series Code LEDMMMYYYY



Unit of Trading 5MT

Delivery Unit 10 tons with tolerance limit of + / - 1 % (100 Kgs)



Tick Size 5 Paise

Price Band** Base daily price limit = 4% Ist slab of daily price limit = 2% II nd slab of daily price limit = 3% Maximum daily price limit = 9% When the base daily price limit is breached, the relaxation will be allowed up to the first slab without any break / cooling off period in the trade. In case the daily price limit of the I st slab is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed as per the limit stated in the II nd slab.

Quality Specification Lead of 99.970% minimum purity. Lead must conform with graded lead chemical composition of BS EN 12659:1999 Standard entitled "Lead and Lead Alloys - Lead". Form: Ingots (pigs will be referred to as ingots)


Opening of the contract Trading in any contract month will open on the 1st day of the month.

Delivery and Settlement procedure of Lead

Delivery logic Both Option


Intention On the contract expiry day of the contract by 6.00 p.m.

Seller will submit copies of documentary evidence such as Warehouse Receipt and Valid Quality Certificate along with the intention to give delivery to the effect that he is holding stock at the time of giving his intention.




On the basis of intention received from the buyers and sellers, the Exchange will match the total quantity offered by the buyers and sellers and with respect to the matched quantity, the allocation of delivery between the buyers and sellers will be done. The unmatched quantity will be closed out as per the due date rate and actual delivery will be effected only to the extent of matched quantity.



intention on TWS


Delivery allocation

- Date

- Rate



Additional and/ or

Special margin


Delivery period margin 15% delievry margin be imposed on both buyers and sellers on matched quantity and shall be recovered on 1st working day after expiry of the contract.

Penal provisions After getting intentions from the buyer and seller to take or give delivery, if any of the party fails to honour his obligations, a minimum penalty of 5% of the DDR will be imposed on him.


Due date Rate DDR is calculated on the last day of contract maturity by way of taking Lead prices of International Exchange in USD, multiplied by the Rupee conversion Rate from USD as declared by RBI on expiry of the contract.

Odd lot treatment Delivery will be effected only on delivery lot basis. In case of any odd lot the delivery will not be marked and the same will be closed out at the DDR with penalty as per penal provisions.

Net open position For individual clients - 1800 MT Member – 9000 MT or not more than 15% of market

wide open position, whichever is higher


Rules The general provisions of Business Rules of the

Exchange and decisions taken by Forward Markets Commission, Board of Directors and Executive Committee of the Exchange in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures, warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.

* exclusive of all taxes and levies relating to import duty, customs, sales tax/ VAT as the case may be, special additional duty, expenses and octroi. At the time of delivery, the buyer has to pay these taxes and levies in additional to delivery order rate. ** In case of price movement in International markets which is more than the




LEAD TRADE CALENDAR



Feb-13 Saturday, December 01, 2012 Thursday, February 28, 2013

Mar-13 Tuesday, January 01, 2013 Saturday, March 30, 2013

Apr-13 Friday, February 01, 2013 Tuesday, April 30, 2013

May-13 Friday, March 01, 2013 Friday, May 31, 2013

Jun-13 Monday, April 01, 2013 Saturday, June 29, 2013

ANNEXURE-A-9

NICKEL PRIME CONTRACT

Asset Code NICKEL

Product Code NICKELF

Series Code NIKMMMYYYY

Trading System NMCE's Derivatives Trading and Settlement System

Trading Hours Monday to Friday : 10:00 am to 10:00 pm Further extensions in timings upto 11:30 pm will be notified through circulars Saturday :10:00 am to 2:00 pm

Unit of Trading 250 Kg

Delivery Unit 3 MT with Tolerance limit of +/- 1%



Tick Size 10 Paise


Quality Specification 4”*4” LME approved pure cut Nickel of 99.80% purity (minimum). Seller will have to deliver cut Nickel of this specification.


Delivery and Settlement procedure of Nickel

Delivery logic Both option


Intention

Three working days prior to the contract expiry day by 6.00 p.m. i.e. 27th of the expiry month for 30th expiry contract & 28th of the expiry month for 31st expiry contract. Seller will submit copies of relevant documents as evidence that he is holding stock at the time of giving his intention.







intention on TWS


Delivery allocation

-Date

-Rate

-On expiry date of the Contract -At due date rate (DDR)


Additional and/ or

Special margin



Penal provisions After getting matching intentions from the buyer and seller to take or give delivery, if any of the party fails to honour his obligations, a penalty of 2.5% of the DDR will be imposed on him. Additionally, a replacement cost of 4% of DDR will be recovered from the defaulting buyer / seller. Apportioning of the penalty: 2% (i.e. 80% of penalty amount) will be credited to IPF 0.5% (i.e. 20% of penalty amount) will be credited to the counter party While out of the replacement cost recovered 90% will be passed on to the counter party and 10% will be retained by the Exchange towards administrative expenses. The above is subject to change as per directions of FMC


Due date Rate DDR is calculated by taking the average of Nickel prices of International Exchange in USD on the last

three days of contract maturity and multiplying the average by the Rupee conversion Rate from USD as declared by RBI on expiry of the contract. (Trading will be allowed only up to 6:35 p.m. on the date of expiry of the contract)

Odd lot treatment Delivery will be effected only on delivery lot basis. In case there is any mismatch in the position of seller and buyer then delivery will not be matched and accordingly the position will be closed out at the DDR.

Net open position For individual clients - 600 MT Member – 3000 MT or 15% of the market wide open position whichever is higher


Rules


* (exclusive of all taxes and levies relating to import duty, customs, sales tax/ VAT as the case may be, special additional duty, expenses and octroi). At the time of delivery, the buyer has to pay these taxes and levies in additional to delivery order rate. ^ In case of price movement in International markets which is more than the




04.07.2011

NICKEL TRADE CALENDAR.


Feb-13 On receipt of approval from FMC Thursday, February 28, 2013





ANNEXURE-A-10

PEPPER CONTRACT

Asset Code PEPPER

Product Code PEPPERF

Series Code PEPMMMYYYY




Delivery Unit 1 MT


Maximum order

size

50 MT

Tick Size Rupee 1/-

Price Band Daily price fluctuation limit will be +/-3%. Limit on daily price fluctuation will be reckoned with reference to the pervious 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%.

Quality Specification Malabar Garbled 1 (MG1) Oil wash – Max 1% Light Pepper – Max 2% Other Matter – Max 0.5% Moisture – Max 11%

Delivery Centers CWC Warehouses located in Cochin/Ernakulam (basis center), Kottayam, Calicut, Malapuram & Trichur

Opening of Contracts Trading in any contract month will open on the 16th day of the month, as per approved calendar


Due Date Rate

Due date rate for Pepper (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Cochin market for the basis variety.

Closing of Contract 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.



Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Member – 4,500 MT or 15% of total market open position in the commodity whichever is higher Client – 900 MT Near Month Limit: Member – 1,500 MT or 15% of the total near month position in the commodity, whichever is higher Client – 300 MT


04.07.2011 PEPPER TRADE CALENDAR

Jan-13 On receipt of permission from FMC Tuesday, January 15th, 2013


Mar-13 On receipt of permission from FMC Friday, March 15, 2013


May-13 Friday, November 16, 2012 Wednesday, May 15, 2013


ANNEXURE-A-11

RAPESEED/MUSTARD SEED- CONTRACT

Asset Code RAPES

Product Code RAPESF

Series Code RPSMMMYYYY


Trading Hours Monday to Friday :- 10:00 AM to 05:00 PM Saturday :- 10:00 AM to 02:00 PM


Delivery Unit 10 MT



Tick Size 10 paise


Quality Specification Quality Specifications as per Grade 'Special' in Schedule II of Rape and Mustardseeds Grading and Marking Rules, 1964 [Agmark]

Delivery Centers Patan (Basis Center)

Additional Delivery Centers Palanpur, Disa, Dhanera, Sidhpur, Unjha, Mehsana, Kadi, Bhabhar, Hariz, Talod, Himatnagar, Bhuj, Rajkot, Halwad, Jamnagar, Dhoraji Subject to Freight appropriation from basis center

Opening of Contracts Trading in any contract month will open on the 16th day of the month as per approved calendar


Due Date Rate

Due date rate for Rape/Mustard seed (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Patan market for the basis variety.

Closing of Contract Squaring up of positions will be permitted between 12th and 15th of delivery month. No fresh positions building will be allowed. From 12th to the 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.

Delivery Logic Compulsory Delievery


Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Member – 75,000 MT or 15% of total market open position in the commodity whichever is higher Client – 15,000 MT Near Month Limit: Member – 21,000 MT or 15% of the total near month position in the commodity, whichever is higher Client – 4,200 MT


04.07.2011 RAPESEED/MUSTARDSEED TRADE CLAENDAR

Jan-13 On receipt of permission from FMC Tuesday, January 15, 2013

Apr-13 Monday, December 17, 2012 Monday, April 15, 2013

May-13 Wednesday, January 16, 2013 Wednesday, May 15, 2013

Jun-13 Saturday, February 16, 2013 Saturday, June 15, 2013

ANNEXURE-A-12

RAW JUTE CONTRACT

Asset Code JUTE

Product Code JUTEF

Series Code JUTMMMYYYY




Delivery Unit 10 MT

Quotation/Base Value Rs. per Quintal


Tick Size 10 Paise



[BIS Specification

- IS 271;2003]

[Grade–TD4] West Bengal Strength : Fairly average Defects: Free from major defects and not more than 20% fibers should contain specks and loose sticks. Maximum root content (percentage by mass) = 15% Colour : fairly average (light grey to copper colour). Fineness: Fiber well separated Density : Medium bodied Total score = 55

Delivery Centers CWC warehouses in Kolkata


Due Date Last day of the delivery month if last day happens to be holiday then previous working day.

Due Date Rate

Due date rate for Raw Jute –Grade TD4 (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Kolkata market for the basis variety

Closing of Contract Squaring up of positions will be permitted between 28th and last day of delivery month. No fresh positions building will be allowed. From 28th to last day 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.



Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Client – 8,000 MT Member – 24,000 MT or 15% of total market open position in the commodity whichever is higher Near Month Limit: Client – 1,600 MT Member – 4,800 MT or 15% of the total near month position in the commodity, whichever is higher

The trade should take place within the legal framework as prescribed and in force from time to time.


04.07.2011 RAW JUTE TRADE CALENDAR


Feb-13 On receipt of permission from FMC Thursday, February 28, 2013

Mar-13 On receipt of approval from FMC Saturday, March 30, 2013

Apr-13 Saturday, December 01, 2012 Tuesday, April 30, 2013

May-13 Tuesday, January 01, 2013 Friday, May 31, 2013

Jun-13 Friday, February 01, 2013 Saturday, June 29, 2013

ANNEXURE-A-13

SACKING CONTRACT

Asset Code SACK

Product Code SACKF

Series Code SCKMMMYYYY



Unit of Trading 25 bales (i.e. 500 bags per bale)

Delivery Unit 25 bales (i.e. 500 bags per bale)

Quotation/Base Value 100 bags

Maximum Order Size 600 bales (i.e. 500 bags per bale)

Tick Size 10 paise

Price Band 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%.


[ BIS Specification

- IS 12650; 2003]

B. Twill for 50 Kg packing Size: 94 cm x 57 cm Weight: 665 gms (per bag) Threads: 76 X 28 threads (per dm) (6 porters and 7 shots)

Delivery Centers CWC warehouses in Kolkata



Due Date Rate

Due date rate for Sacking (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Kolkata market for the basis variety.

Closing of Contract Squaring up of positions will be permitted between 12th and 15th of delivery month. No fresh positions building will be allowed. From 12th to the 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.



Additional and/ or

Special margin

In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit, will be

imposed in respect of all outstanding positions.

Delivery period

Margin

15%

Limit on open position* Aggregate Limit: Member: 9,000 bales or 15% of market open position whichever is higher Client: Maximum of 3,000 bales for all contracts Near Month Limit: Member: 1,800 bales or 15% of the total near month position in the commodity, whichever is higher Client: 600 bales

*As per Circular No. NMCE/2008-09/0077 dated 11 February, 2009


04.07.2011

SACKING TRADE CALENDAR



Mar-13 Friday, November 16, 2012 Friday, March 15, 2013

Apr-13 Monday, December 17, 2012 Monday, April 15, 2013

May-13 Wednesday, January 16, 2013 Wednesday, May 15, 2013

Jun-13 Saturday, February 16, 2013 Saturday, June 15, 2013

ANNEXURE-A-14

SOYOIL CONTRACT

Asset Code SOYO10

Product Code SOYO10F

Series Code SYOMMMYYYY

Trading System National Multi-Commodity Exchange of India Limited’s Derivatives Trading and Settlement System



Delivery Unit 10 MT

Quotation/Base Value 10 Kgs (Ex-tank, Indore inclusive of all taxes)


Tick Size 5 paise


Quality Specification Moisture Insoluble impurities - 0.1% (Max) Color on Lovibond Scale Expressed As - Y + 5R in 1/4 " cell Refractive Index @ 40 o C - 1.4650 to 1.4710 Specific Gravity @ 30 o C@ 25/25 - 0.917 to 0.921 Saponification Values - 189 to 195 Iodine Value - 120 to 141 Unsaponifiable Matter - 1.5% (Max) FFA - 0.25% (Max) Flash Point pen sky Martin Method 0 C - 250 min Refracto meter reading @ 40o C - 58.5 to 68.0

Delivery Centers Indore (up to the radius of 50 km from the municipal limits)

Opening of Contracts Trading in any contract month will open on the 10th day of the month, minimum 2 months prior to the contract month.


Due Date Rate Due date rate is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Indore market for the basis

variety.




Additional and/ or

Special margin


Delivery period

Margin

15%

Position Limit Member – 85,000 MT or 15% of total market open position in the commodity whichever is higher Client – 17,000 MT Near Month Limit: Member – 20,000 MT or 15% of the total near month position in the commodity, whichever is higher Client – 4,000 MT


04.07.2011

SOY OIL TRADE CALENDAR

Jan-13 On receipt of permission from FMC Saturday, January 19, 2013

Feb-13 On receipt of permission from FMC Wednesday, February 20, 2013

Mar-13 Saturday, November 10, 2012 Wednesday, March 20, 2013

Apr-13 Monday, December 10, 2012 Saturday, April 20, 2013

May-13 Thursday, January 10, 2013 Monday, May 20, 2013

Jun-13 Monday, February 11, 2013 Thursday, June 20, 2013

ANNEXURE-A-15

ZINC CONTRACT

Asset Code ZINC

Product Code ZINC

Series Code ZINMMMYYYY




Delivery Unit 10 MT with tolerance limit of +/- 1% (100Kg)

Quotation/Base Value Rs./kg *


Tick Size 5 paise


Quality Specification Zinc of 99.995% minimum purity. Zinc must conform with the 99.995% graded zinc chemical composition of the BS EN 1179:1996 Standard entitled "Zinc and Zinc Alloys - Primary Zinc". Form: Ingots (slabs and plates will be referred to as ingots)

Delivery Centers CWC bonded warehouses located in Mumbai (Basis

Centre) Within 20 kilometers outside Mumbai octroi limit.

Opening of the contract Trading in any contract month will open on the 1st day of the month.

Delivery and Settlement procedure of Zinc

Delivery logic Both option


Intention

On the contract expiry day by 6.00 p.m. Seller will submit copies of relevant documents as evidence that he is holding stock at the time of giving his intention.







intention on TWS


Delivery allocation

-Date

-Rate

- On expiry date of the Contract - At Due date rate (DDR)


Additional and/ or

Special margin



Penal provision After getting intentions from the buyer and seller to take or give delivery, if any of the party fails to honour his obligations, a penalty of 1% of the DDR will be imposed on him, out on which 90% will be passed on to the other party and 10% will be appropriated by the Exchange.

Due Date Last day of the contract months if it happens to be holiday then previous working day.

Due date Rate DDR is calculated on the last day of the contract expiry, by taking Zinc prices of International Exchange in USD, and it would be multiplied by Rupee-US$ rate as notified by the Reserve Bank of India on that particular day.

Odd lot treatment Delivery will be effected only on delivery lot basis. In case there is any mismatch in the position of seller and buyer then delivery will not be matched and accordingly the position will be closed out at the DDR.

Net open position For individual clients - 3600 MT For Member – 18000 MT or not more than 15% of market wide open position, whichever is higher


Rules

The general provisions of Business Rules of the Exchange and decisions taken by Forward Markets Commission, Board of Directors and Executive Committee of the Exchange in respect of matters specified above will apply mutatis mutandis. The Exchange may further prescribe additional measures relating to delivery procedures,

warehousing, Quality Certification, Margining, risk management from time to time. In case of any interpretational dispute or clarifications the decision of the Exchange shall be final and binding on the members and others.

* exclusive of all taxes and levies relating to import duty, customs, sales tax/ VAT as the case may be, special additional duty, expenses and octroi. At the time of delivery, the buyer has to pay these taxes and levies in additional to delivery order rate. ^In case of price movement in International markets which is more than the maximum

daily price limit (currently 9%), the same may be further relaxed in steps of 3% with

the approval of FMC


04.07.2011

ZINC TRADE CALENDAR



Feb-13 Saturday, December 01, 2012 Thursday, February 28, 2013

Mar-13 Tuesday, January 01, 2013 Saturday, March 30, 2013

Apr-13 Friday, February 01, 2013 Tuesday, April 30, 2013

May-13 Friday, March 01, 2013 Friday, May 31, 2013

Jun-13 Monday, April 01, 2013 Saturday, June 29, 2013

ANNEXURE-16

COPRA CONTRACT

Asset Code COPRA

Product Code COPRAF

Series Code CPSMMMYYYY


Trading Hours Monday to Friday :- 10:00 AM to 05:00 PM Saturday :- 10:00 AM to 02:00 PM


Delivery Unit 1 MT



Tick Size 10 paise



(Agmark Grade-1) NMCE Grade-I : Milling Copra

Copra shall be Fair Average Quality (FAQ); Copra shall be clean, fully matures cups, smooth and hard, free from infestation mould growth(fungus), powder extraneous and defective matter; Moisture content on machine verification shall not exceed 6 % Oil Content shall not be below 64% minimum by mechanical extraction but on dry basis 70 %.

Delivery Centers Calicut



Due Date Rate**

Due date rate for Copra is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Calicut market for the basis variety.

Closing of Contract Squaring up of positions will be permitted between 12th and 15th of delivery month. No fresh positions building will be allowed. From 12th to the 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.

Net Open Position Aggregate Limit: Member: 15,000 MT or 15% of market open position whichever is higher Client: Maximum of 5,000 MT for all contracts Near Month Limit: Member: 3,000 MT or 15% of the total near month position in the commodity, whichever is higher Client: 1,000 MT



Additional and/ or

Special margin


Delivery period

Margin

15%

* Refer FMC Circular No.5/1/2011/ACE/PER(VOL-II) dated 28.06.2011 % 04.07.2011

Copra Trade Calendar


Feb-13 Friday, November 16, 2012 Friday, February 15, 2013

Mar-13 Monday, December 17, 2012 Friday, March 15, 2013

Apr-13 Wednesday, January 16, 2013 Monday, April 15, 2013

May-13 Saturday, February 16, 2013 Wednesday, May 15, 2013

Jun-13 Saturday, March 16, 2013 Saturday, June 15, 2013

ANNEXURE-17

GOLD CONTRACT

Asset Code GOLD

Product Code GOLDF

Series Code GOLMMMYYYY


Trading Hours Monday to Friday :10:00 am to 10:00 pm. Further

extensions in timings upto 11:30 pm will be notified

through circulars

Saturday :10:00 am to 2:00 pm

Unit of Trading 100 gms of Fineness .999

Delivery Unit Gold Bars of 100 grams serially numbered and of fineness .999

Quotation/Base Value 10 grams of fineness .999

Maximum order

size

10 Kg

Tick Size Re.1

Price Band* Base daily price limit = 3% Ist slab of daily price limit = 3% II nd slab of daily price limit = 3% Maximum daily price limit = 9% When the base daily price limit is breached, the relaxation will be allowed up to the first slab without any break / cooling off period in the trade. In case the daily price limit of the I st slab is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed as per the limit stated in the II nd slab.

Quality Specification The Gold delivered under the contract must be Gold Bars weighing 100 grams each and assaying not less than .999 fineness bearing a serial number and identifying origin of the refiner/brander.

Delivery Centers CWC Cochin



Due Date Rate Due date rate for Gold of fineness 0.999 (basis variety) is calculated on the last day of contract maturity by way of taking the simple average of last 3 days spot price of the Cochin

market for the basis variety




Additional and/ or

Special margin


Delivery period

Margin

15%

Limit on open position Client Level – 2.5 MT for all Gold contracts combined together Member Level – 12.5 MT for all Gold contracts combined together or 15% of the market wide open position whichever is higher.

* In case of price movement in International markets which is more than the




04.07.2011

GOLD TRADE CALENDAR

Nov-12 On receipt of permission from FMC Thursday, November 15, 2012

Dec-12 On receipt of permission from FMC Saturday, December 15, 2012


Feb-13 Friday, November 16, 2012 Friday, February 15, 2013

Mar-13 Monday, December 17, 2012 Friday, March 15, 2013

Apr-13 Wednesday, January 16, 2013 Monday, April 15, 2013

May-13 Saturday, February 16, 2013 Wednesday, May 15, 2013

Jun-13 Saturday, March 16, 2013 Saturday, June 15, 2013

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