| Name of Commodity |
Jeera |
| Ticker symbol |
JEERAUNJHA |
| Trading System |
NCDEX Trading System |
| Basis |
Ex-warehouse Unjha exclusive of sales tax/VAT |
| Unit of trading |
3 MT |
| Delivery unit |
3 MT |
| Quotation |
Rs per Quintal |
| Tick size |
Re 1 |
| Quality specification |
Jeera of Indian Origin with the following specifications. Jeera to be necessarily machine cleaned
| Foreign Matter* |
1.0 % basis |
| Seeds with Stalks |
8.0 % max |
| Damaged, Discolored, Weevilled seeds, Shriveled and Immature seeds |
2.0% basis |
| Test Weight (on count basis) |
Maximum 300 seeds per gram |
| Moisture |
9% max |
*Foreign matter includes anything other than Jeera seeds e.g. sand, silica, pebbles, and other edible/non edible seeds |
| Quantity variation |
+/- 2% |
| Delivery center |
At the accredited warehouse(s) in Unjha (up to the radius of 50 Km from the municipal limits) |
| Additional delivery centres |
At the accredited warehouse(s) in Delhi (within municipal limits), Jaipur and Jodhpur (up to the radius of 50 Km from the municipal limits) with location wise premium/discount as announced by the Exchange prior to launch of contract |
| Trading hours |
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. |
| Delivery specification |
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. |
| Delivery Logic |
Compulsory delivery |
| No. of active contracts |
As per launch calendar |
| Opening of contracts |
Trading in any contract month will open on the 10th of the month. If the 10th day happens to be a non-trading day, contracts would open on the next trading day |
| Due date/Expiry date |
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 |
| Closing of contract |
On the expiry of the contract, all the outstanding position should result in compulsory delivery. |
| Price Band |
Daily price limit will be (+/-)2%. 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 (+/-) 2% and the 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 price limit of (+/-)4%. |
| Position limits |
Member : 1000 MT or 15% of Market OI for all contracts whichever is higher
Client : 300 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 one month prior to expiry date of a contract:
Member: Maximum up to 300 MT or 15% of the market-wide near month open position,
whichever is higher.
Client: Maximum up to 100 MT
|
| Quality Allowance |
Foreign Matter 1% basis
acceptable upto 1.5 % with a discount of 1:1
Damaged, Discolored, Weevilled seeds, Shriveled and Immature seeds 2% basis
Acceptable upto 5% with discount as under:
Above 2% and upto 4% with 1:0.5 discount
Above 4% and upto 5% with 1:1 discount
Above 5% rejected |
| Special Margins |
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. |
