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Name of Commodity
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Crude Palm Oil
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Ticker symbol
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CRDPOLKDL
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Basis
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Ex-tank Kandla exclusive of Sales Tax / VAT
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Unit of trading
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10 MT
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Delivery unit
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10 MT
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Quotation/base value
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Rs per 10 kg
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Tick size
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5 Paise
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Quality specification
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Moisture & Impurities
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0.10 % Max
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Refractive Index, 50°C
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1.4491-1.4552
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Specific Gravity, 42°C
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0.895-0.897
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Saponification Value
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195-205
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Iodine Value
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50-55
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Unsaponification Value
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1.2 % Max
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Melting Point, Capillary Slip Method
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37°C Max
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FFA
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5 % Max
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Quantity variation
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+ /- 2%
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Delivery center
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Kandla (within a radius of 50 km from the municipal
limits)
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Additional delivery center
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Kakinada, with location wise premium/discount as
announced by the Exchange from time to time.
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Hours of Trading
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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.
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Delivery specification
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Upon expiry of the contract, the delivery position
would be arrived at by the Exchange based on the information to give/take
delivery furnished by the sellers and buyers as per the process put in
place by the Exchange for effecting physical delivery.
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No. of active contracts
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As per Launch Calendar
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Opening of contracts
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Trading in any contract month will open 10th day of
the month. If the 10th day happens to be a non-trading day, contracts
would open on next trading day.
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Due date/Expiry date
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Last trading day of the month
If last day happens to be a trading holiday, a Saturday or a Sunday then
the due date shall be the immediately preceding trading day of the
Exchange
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Closing of contract
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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.
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Price band
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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%
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Position limits
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Member level: Maximum of 30,000 MT or 15 % of
Market Open Position in the commodity, whichever is higher
Client level: 10,000 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. Please refer circular no. NCDEX/TRADING-100/2005/219 dated
October 20, 2005
Near month limit (Applicable from 28 days prior to expiry date)
Member level : Maximum of 10,000 MT or 15 % of the total near
month Open Position in the commodity, whichever is higher
Client level : 3,000 MT
Position limits applicable from April 01, 2010
Member level: Maximum of 60,000 MT or 15 % of Market
Open Position in the commodity, 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. Please refer circular no. NCDEX/TRADING-100/2005/219 dated
October 20, 2005
Near month limit (Applicable from 28 days prior to expiry date)
Member level : Maximum of 18,000 MT or 15 % of the total
near month Open Position in the commodity, whichever is higher
Client level : 6,000 MT
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Special margins
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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.
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Final Settlement Price
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The Final Settlement Price (FSP) shall be arrived at
by taking the average of the last three days spot prices. The last spot price
for the day as polled by the Exchange during the last three days shall be
taken for arriving at the FSP. In the event of unavailability of the spot
prices during any one of the last three days excluding the expiry day
(i.e., on E - 1 or E - 2), the spot price of the previous day (E - 3)
shall be considered for the average of the last three days. In case spot
prices are not available during the 3 day period prior to the expiry
date, the last spot price of the expiry day shall be considered for
arriving at the FSP.
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