| Type of Contract |
Futures Contract Specifications. |
| Name of Commodity |
Polyvinyl Chloride. |
| Ticker symbol |
PVC6567MUM |
| Trading System |
NCDEX Trading System. |
| Unit of trading |
3000 Kg or 3 Metric Ton. (MT) |
| Delivery unit |
3 Metric Ton. (MT) |
| Quotation/base value |
Rs. per Kg. |
| Basis |
Ex-Bhiwandi, exclusive of Excise, Cess, Sales Tax/VAT and any other levy or tax but inclusive of Basic Custom duty wherever applicable |
| Tick size |
Re. 0.1 / Kg. (10 Paise) |
| Quality specification |
PVC prime grade
K Value : 65 - 67
Bulk Density (g/ml) : 0.51 – 0.60
Exchange approved local & imported grades only and any other such grades announced by the Exchange from time to time. |
| Packaging |
25 kg Bags packed at the Manufacturer's plant giving details of the Manufacturer, Grade name and lot number. No repacked / restitched bags or plain bags allowed. |
| Quantity variation |
+/- 2% or 3 MT whichever is lower. |
| Quality Allowance |
No quality deviation in form of non prime grade or sub standard grade allowed. |
| Delivery centre |
Bhiwandi (upto the radius of 50 KMs from the municipal limits) |
| Additional Delivery Centre |
Delhi (upto the radius of 50 KMs from the municipal limits)
Location Premium/Discount as notified by the Exchange from time to time. |
| Trading hours |
As per directions of the Forward Markets Commission from time to time, currently-
Mondays through Fridays: 10:00 am -11:30 pm.
Saturdays: 10:00 am - 2:00 pm.
The Exchange may vary the above timing with due notice. On the expiry date, contracts expiring on that day will not be available for trading after 5.00 pm.
|
| No. of active contracts |
As per launch calendar. |
| Delivery specification |
Upon expiry of the contract, all outstanding positions would 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. |
| Opening of contracts |
Trading in any contract month will open on the 10th of the month. If 10th 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 which is other than a Saturday. |
| Closing of contract |
On the expiry of the contract, all the outstanding positions shall be settled by compulsory delivery. |
| Price Limit |
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 another (+ / -) 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%. |
| Position limits |
Member-wise: 20,000 MT for all contracts or 20% of the Market Open Position whichever is higher.
Client -wise : 5,000 MT for all contracts
(The above limits will not apply to bona fide hedgers. For bonafide hedgers, the Exchange will, on a case to case basis decide the hedge limits.) |
| Special Margin |
In case of additional volatility, a special margin at such percentage, as deemed fit, will be imposed in respect of outstanding positions, under immediate intimation to the Commission which will remain in force as long as the volatility exists, after which the special margin may be relaxed. |
