Crude Palm Oil

CRDPOLKDL

Ex-tank Kandla exclusive of Sales Tax / VAT

10 MT

10 MT

Rs per 10 kg

5 Paise

Moisture & Impurities	0.10 % Max
Refractive Index, 50°C	1.4491-1.4552
Specific Gravity, 42°C	0.895-0.897
Saponification Value	195-205
Iodine Value	50-55
Unsaponification Value	1.2 % Max
Melting Point, Capillary Slip Method	37°C Max
FFA	5 % Max

+ /- 2%

Kandla (within a radius of 50 km from the municipal limits)

Kakinada, with location wise premium/discount as announced by the Exchange from time to time.

As per directions of the Forward Markets Commission from time to time, currently -

Mondays through Fridays :
10:00 AM to 5:00 PM

Saturdays :
10.00 AM to 2.00 PM

The Exchange may vary the above timing with due notice.

Upon expiry of the contract, the delivery position would be arrived at by the Exchange based on the information to give/take delivery furnished by the sellers and buyers as per the process put in place by the Exchange for effecting physical delivery

As per Launch Calendar

Trading in any contract month will open 10th day of the month. If the 10th day happens to be a non-trading day, contracts would open on next 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

On the expiry of the contract, all outstanding positions not resulting in giving/taking of physical delivery of the commodity shall be closed out at the Final Settlement Price announced by the Exchange.

Daily price fluctuation limit is (+/-) 3%. 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 (+ / -) 1% and trade will Be resumed.

If the price hits the revised price band (4%) 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%

Member level: Maximum of 30,000 MT or 15 % of Market Open Position in the commodity, whichever is higher
Client level : 10,000 MT

The above limits will not apply to bona fide hedgers. For bona fide hedgers, the Exchange will, on a case to case basis, decide the hedge limits. Please refer circular no. NCDEX/TRADING-100/2005/219 dated October 20, 2005

Near month limit (Applicable from 28 days prior to expiry date)

Member level : Maximum of 10,000 MT or 15 % of the total near month Open Position in the commodity, whichever is higher
Client level : 3,000 MT

In case of additional volatility, a special margin at such other percentage, as deemed fit, will be imposed in respect of outstanding positions, which will remain in force as long as the volatility exists, after which the special margin may be relaxed.