| Type of Contract |
Futures Contract Specifications |
| Trading hours |
Yellow Peas |
| Ticker symbol |
YLPEASKPR |
| Trading system |
NCDEX Trading System |
| Basis |
Yellow peas ex-Kanpur inclusive of all taxes on gross weight basis |
| Basis Price |
Ex-warehouse Kanpur inclusive of all taxes on gross weight basis |
| Unit of trading |
10 MT (10 MT = 10,000 Kgs) |
| Delivery unit |
10 MT
a) deliverable at Kanpur
50/100 kgs B-Twill bags of sound merchantable condition
b) deliverable at Mumbai & Kolkata
50 kgs PP bags/sound jute bags packing |
| Quotation/base value |
Re. Per Quintal |
| Tick size |
Re. 1 |
| Quality specification |
For Yellow Peas deliverable at Kanpur
| Colour |
Fair colour |
| Other colours (with green cotyledon peas) |
5% max |
| Damaged otherwise ; Kachri/Foreign matter and Small seeds passing through4 number sieve (3.5mmX2.0mm) |
1.5% max |
| Damaged otherwise; Kachri/Foreign matter retained on the 4 number sieve (3.5mmX2.0mm) |
1% max |
| Weeviled seeds |
1% basis at the time of deposit (1.5% at the time of delivery out of warehouse) |
| Moisture |
12% basis |
For Yellow Peas deliverable at Mumbai and Kolkata
| Colour |
Fair Colour |
| Other classes and Bleached |
a) Other classes |
1% max |
| b) Bleached |
3% max |
| Total of a) and b) above |
3.8% max |
| Other colours (with green cotyledon peas) |
1% max |
| Foreign material |
0.5% max |
| Damaged |
1) Heated |
0.1 % max |
| 2) Insect Damage |
0.8 % max |
| 3) Other damage |
4 % max |
| 4) Shriveled |
4% max |
| Total of 1) to 4) above |
4 % max |
| Splits |
6% max |
| Moisture |
12%basis |
|
| Quantity variation |
+/- 3%. Corresponding rates will be applicable, if within the permissible limits |
| Delivery Centre |
Kanpur (up to the radius of 50 kms from the municipal limits) |
| Additional Delivery Center |
Mumbai and Kolkata (up to the radius of 50 kms from the municipal limits) |
| Hours of Trading |
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. |
| 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 other then a Saturday. |
| Delivery specification |
Upon expiry of the contract, all outstanding open positions should result in compulsory 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. |
| Closing of contract |
Upon the expiry of contract all the outstanding open position would result in compulsory delivery |
| Opening of contracts |
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 |
| No. of active contracts |
As per launch calendar |
| Price Band |
Daily price fluctuation limit is (+/-) 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 the price band would be raised by another (+ / -) 2% 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% |
| Position limits |
Member-wise: 12,000 MT for all contracts or 15% of market open interest whichever is higher
Client-wise : 4,000 MT for all contracts
The above limits will not apply to bonafide hedgers. For bonafide 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 date of a contract
Member: Maximum of 2,400 MT or 15% of market open interest whichever is higher
Client: Maximum of 800 MT
|
| Special margins |
In case of additional volatility, a special margin at such 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 |
| Other deliverables at Premium/ Discount |
Premium/Discounts Location Premium/ Discount
Both the additional delivery centers i.e. Mumbai and Kolkata will be at par with the basis centre
Quality premium/ Discount
For deliveries at Kanpur
Moisture: 12% basis with acceptable up to 14% on 1:1 discount which shall be applied to such content above 12% rounded off to higher 0.25%
Weeviled: 1% basis at the time of deposit (1.5% at the time of delivery out of warehouse) with acceptable up to max 2% at the time of deposit (and 2.5% at the time of delivery out of warehouse) with a discount of 1:1 which shall be applied to such content above 1% rounded off to higher 0.25%
For deliveries at Mumbai and Kolkata
Moisture: 12% basis with acceptable up to 14% on 1:1 discount which is applied to such content above 12% rounded off to the higher 0.25%
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