Futures Contract Specifications

Soy Bean

SYBEANIDR

NCDEX Trading System

Ex-Warehouse Indore exclusive of sales taxes

10 MT

10 MT

Rs per quintal

50 Paisa

Moisture	10 %
Foreign Matter	2 %
Damaged	2 %
Green Seed	7 %

+/- 2%

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

Akola, Nagpur (Maharashtra); Itarsi, Sagar (M. P.) and Kota (Rajasthan)

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 05:00 p.m.
Saturdays: 10.00 a.m. to 2.00 p.m.

The Exchange may vary the above timing with due notice

Expiry date of the contract :-

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, which is other than a Saturday.

The settlement of contract would be by a early delivery system of a maximum of 15 Pay-ins and Pay-outs or less including the last Pay-in and Pay-out which would be the Final Settlement of the contract.

Tender Date : T

Tender Period:

Tender period would be of 14 Calendar days during trading hours prior to the expiry date of the contract.

Pay-in and Pay-out: on a T+2 basis. If the tender date is T then, pay-in and pay-out would happen on T + 2 day. If such a T + 2 day happens to be a Saturday, a Sunday or a holiday at the Exchange, clearing banks or any of the service providers, Pay-in and Pay-out would be effected on the next working day.

During the period from E-14 to E-1, Seller & Buyer having open position are required to give their intention/notice to deliver to the extent of his open position. The delivery position would be arrived at by the exchange based on the information to give/take delivery furnished by the seller and buyer as per the process put in place by the exchange for effecting physical delivery. If the intention of the buyers/sellers match, then the respective positions would be closed out by physical deliveries. If there is no delivery intention matching between sellers and buyers, then such intentions will get automatically extinguished at close of E-1 day. Intentions can be withdrawn during the course of E-14 to E-1 day if they remain unmatched.

Upon expiry (i.e E) of the contracts all the outstanding open positions should result in compulsory

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

Clearing and Settlement of contracts will commence with the commencement of Tender Period by delivery through intention matching arrived at by the exchange based on the information furnished by the seller and buyer respectively as per the process put in place by the exchange for effecting physical delivery during the period from E-14 to E-1 prior to expiry. Upon the expiry of the contract all the outstanding open position should result in compulsory delivery.

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

As per launch calendar

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: 60,000 MT or 15 % of market open interest, whichever is higher
Client level: 20,000 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.

For near month contracts: The near month limit will be applicable during the last 7 trading days of the expiry of a contract

Member level: 18,000 MT or 15 % of the market-wide near month open position, whichever is higher
Client level: 6,000 MT

Quality delivery with variation shall be acceptable with discount as under:

• Moisture: From 10-12% accepted at 1:1. Above 12% rejected
• Foreign Matter: From 2-4% accepted at 1:1. Above 4% rejected (The term ‘foreign matter' would, in-general, mean anything other than Soy Bean e.g. sand, silica, pebbles, stalks and other seeds)
• Damaged Seed: From 2-5% accepted at 2:1. Above 5% rejected
• Green Seed: Above 7% rejected
• Free from non-edible seeds such as Mahua, Castor and Neem and any toxic substances. Should be free from any foul odour.

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 .

Futures Contract Specifications

Soy Bean

SYBEANIDR

NCDEX Trading System

Ex-Warehouse Indore exclusive of sales taxes

10 MT

10 MT

Rs per quintal

50 Paisa

Moisture	8 %
Foreign Matter	2 %
Damaged	2 %
Green Seed	7 %

+/- 2%

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

Akola, Nagpur (Maharashtra); Itarsi, Sagar (M. P.) and Kota (Rajasthan)

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 05:00 p.m.
Saturdays: 10.00 a.m. to 2.00 p.m.

The Exchange may vary the above timing with due notice

Expiry date of the contract :

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, which is other than a Saturday.

The settlement of contract would be by a early delivery system of a maximum of 15 Pay-ins and Pay-outs or less including the last Pay-in and Pay-out which would be the Final Settlement of the contract.

Tender Date : T

Tender Period: Tender period would be of 14 Calendar days during trading hours prior to the expiry date of the contract.

Pay-in and Pay-out: on a T+2 basis. If the tender date is T then, pay-in and pay-out would happen on T + 2 day. If such a T + 2 day happens to be a Saturday, a Sunday or a holiday at the Exchange, clearing banks or any of the service providers, Pay-in and Pay-out would be effected on the next working day.

During the period from E-14 to E-1, Seller & Buyer having open position are required to give their intention/notice to deliver to the extent of his open position. The delivery position would be arrived at by the exchange based on the information to give/take delivery furnished by the seller and buyer as per the process put in place by the exchange for effecting physical delivery. If the intention of the buyers/sellers match, then the respective positions would be closed out by physical deliveries. If there is no delivery intention matching between sellers and buyers, then such intentions will get automatically extinguished at close of E-1 day. Intentions can be withdrawn during the course of E-14 to E-1 day if they remain unmatched.

Upon expiry (i.e E) of the contracts all the outstanding open positions should result in compulsory.

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

Clearing and Settlement of contracts will commence with the commencement of Tender Period by delivery through intention matching arrived at by the exchange based on the information furnished by the seller and buyer respectively as per the process put in place by the exchange for effecting physical delivery during the period from E-14 to E-1 prior to expiry. Upon the expiry of the contract all the outstanding open position should result in compulsory delivery.

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

As per launch calendar

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: 60,000 MT or 15 % of market open interest, whichever is higher
Client level: 20,000 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.

For near month contracts: The near month limit will be applicable during the last 7 trading days of the expiry of a contract

Member level: 18,000 MT or 15 % of the market-wide near month open position, whichever is higher
Client level: 6,000 MT

Quality delivery with variation shall be acceptable with discount as under :-

• Moisture: From 8-10% accepted at 1:1. Above 10% rejected
• Foreign Matter: From 2-4% accepted at 1:1. Above 4% rejected (The term 'foreign matter' would, in-general, mean anything other than Soy Bean e.g. sand, silica, pebbles, stalks and other seeds)
• Damaged Seed: From 2-5% accepted at 2:1. Above 5% rejected
• Green Seed: Above 7% rejected
• Free from non-edible seeds such as Mahua, Castor and Neem and any toxic substances. Should be free from any foul odour.

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

Futures Contract Specifications

Soy Bean

SYBEANIDR

NCDEX Trading System

Ex-Warehouse Indore exclusive of sales taxes

10 MT

10 MT

Rs per quintal

50 Paisa

Moisture	10 %
Foreign Matter	2 %
Damaged	2 %
Green Seed	7 %

+/- 2%

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

Akola, Nagpur (Maharashtra); Itarsi, Sagar (M. P.) and Kota (Rajasthan)

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 05:00 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 of the Exchange, which is not a Saturday

The sellers would be required to give their intention to give delivery at least five days before the maturity of the contract. If a buyer with an outstanding position at maturity or a seller, who has given an intention to deliver, fails to meet their respective obligations, the penalty structure will be as per circular no. NCDEX/TRADING-091/2007/235 dated October 4, 2007. The operators giving the intention for delivery shall not be allowed to square off their position

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

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

As per launch calendar

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: 60,000 MT or 15 % of market open interest, whichever is higher
Client level: 20,000 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.

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

Member level: 18,000 MT or 15 % of the market-wide near month open position, whichever is higher
Client level: 6,000 MT

Quality delivery with variation shall be acceptable with discount as under:

• Moisture: From 10-12% accepted at 1:1. Above 12% rejected
• Foreign Matter: From 2-4% accepted at 1:1. Above 4% rejected (The term 'foreign matter' would, in-general, mean anything other than Soy Bean e.g. sand, silica, pebbles, stalks and other seeds)
• Damaged Seed: From 2-5% accepted at 2:1. Above 5% rejected
• Green Seed: Above 7% rejected
• Free from non-edible seeds such as Mahua, Castor and Neem and any toxic substances. Should be free from any foul odour.

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

Futures Contract Specifications

Soy Bean

SYBEANIDR

NCDEX Trading System

Ex-Warehouse Indore exclusive of sales taxes

10 MT

10 MT

Rs per quintal

50 Paisa

Moisture	8 %
Foreign Matter	2 %
Damaged	2 %
Green Seed	7 %

+/- 2%

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

Akola, Nagpur (Maharashtra); Itarsi, Sagar (M. P.) and Kota (Rajasthan)

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 05:00 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 of the Exchange, which is not a Saturday

The sellers would be required to give their intention to give delivery at least five days before the maturity of the contract. If a buyer with an outstanding position at maturity or a seller, who has given an intention to deliver, fails to meet their respective obligations, the penalty structure will be as per circular no. NCDEX/TRADING-091/2007/235 dated October 4, 2007. The operators giving the intention for delivery shall not be allowed to square off their position

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

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

As per launch calendar

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: 60,000 MT or 15 % of market open interest, whichever is higher
Client level: 20,000 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.

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

Member level: 18,000 MT or 15 % of the market-wide near month open position, whichever is higher
Client level: 6,000 MT

Quality delivery with variation shall be acceptable with discount as under:

• Moisture: From 8-10% accepted at 1:1. Above 10% rejected
• Foreign Matter: From 2-4% accepted at 1:1. Above 4% rejected (The term 'foreign matter' would, in-general, mean anything other than Soy Bean e.g. sand, silica, pebbles, stalks and other seeds)
• Damaged Seed: From 2-5% accepted at 2:1. Above 5% rejected
• Green Seed: Above 7% rejected
• Free from non-edible seeds such as Mahua, Castor and Neem and any toxic substances. Should be free from any foul odour.

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