Futures Contract Specifications

Coriander

DHANIYA

NCDEX Trading System

Badami Whole Dhaniya ex-warehouse Kota inclusive of Sales tax/VAT and Market tax

10 MT

10 MT

Rs. per Quintal

Re. 1

Coiander of Indian origin with following specifications
Coriander to be necessarily machine cleaned

• Moisture – Basis 8% and acceptable upto 10% with 1:1 discount
• Foreign Matter – Basis 1% and acceptable upto 2% with 1:1 discount
• Damaged, Discolored & Shriveled seeds – Basis 2% and acceptable upto 5% with 1:0.5 discount
• Weevil seeds – Max 0.5%
• Coriander splits (Dal) – Basis 5% and acceptable upto 10% with 1:0.5% discount
• Live infestation – Not allowed
(Foreign matter includes dust, dirt, stones, lumps, earth, chaff, stalk, stem/straw, edible seeds of fruits other than Coriander)

All grades superior to Badami can be delivered

+/- 2%

Kota (up to the radius of 50 Km from the municipal limits)

Ramgunj mandi, Jaipur & Guna(up to the radius of 50 Km from the municipal limits)

Location Premium/Discount as notified 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 a. m. to 5:00 p.m.
Saturdays: 10.00 a.m. to 2.00 p.m.

The Exchange may vary the above timing with due notice.

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

Upon expiry of the contract all outstanding positions will result in delivery. The penalty structure for failure to meet delivery obligations will be as per circular no. NCDEX/TRADING-086/2008/216 dated September 16, 2008.

Compulsory Delivery

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

On the expiry of the contract, all the outstanding position would have to be settled by physical delivery

As per enclosed Annexure II

Daily price limit will be 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, price limit would be extended by another (+/-) 1%. No trade would be permitted during the day beyond the price limit of (+/-) 4% from the previous day's closing price.

Member: Maximum of 3000 MT for all contracts or 15% of market open position whichever is higher

Client: Maximum of 1000 MT for all contracts

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 to Circular No. NCDEX/TRADING-100/2005/219 dated October 20,2005

For near month contracts:

The following limits would be applicable from 28 days prior to expiry date of a contract

Member: Maximum of 600 MT or 15% of market open position whichever is higher.

Client: Maximum of 200 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.