Futures Contract Specifications

Guar Gum

GARGUMJDR

NCDEX Trading System

Ex- warehouse Jodhpur, inclusive of Sales tax/VAT

5 MT

5 MT

Rs. per Quintal

Re. 1

Residue insoluble in Acid	3.00% (Max)
Protein	5.00% (Max)
Undehusked Splits	10.00%
Black, dark red and brown coloured splits	1.00% (Max)
Through 14" mesh	3.00% (Max)
Through 20" mesh	0.10% (Basis)
Moisture	8%
Foreign Particles (all non gum particles)	0.30% (Basis)

+/- 2%

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

Bikaner, Nokha and Deesa (up to the radius of 50 Km from the municipal limits) 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 a.m. to 05:00 p.m.
Saturdays - 10.00 a.m. to 2.00 p.m.

The Exchange may vary the above timing with due notice

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

As per launch calendar

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

Upon the expiry of contract all outstanding open positions would result in compulsory delivery

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.

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: 3000 MT or 15% of market open interest, whichever is higher.
Client: 1000 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

For near month contracts: The following limits would be applicable from one month prior to expiry of contract

Member: 600 MT or 15% of the market-wide near month open position, whichever is higher
Client: 200 MT

The quality allowance in respect of Guar Gums is as follows:

Undehusked splits*

10% basis
acceptable upto 12% at a discount of 1:0.5
Above 12% rejected

Through 20% mesh

0.10% basis
acceptable upto 0.25% at a discount of 1:1
Above 0.25 % rejected

Moisture

8% basis
acceptable upto 10% at a discount of 1:1
Above 10.00% rejected

Foreign particles

0.30% basis
acceptable upto 0.50 % at a discount of 1:2
Above 0.50% rejected

*Total of 'Undehusked splits' and 'Black, dark red and brown coloured splits' not to exceed 12%

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.