Asset Code COPRA
Product Code COPRAF
Series Code CPSMMMYYYY
Trading System NMCEs Derivatives Trading and Settlement System
Trading Hours Monday to Friday:10:00 am to 5:00 pm
Saturday:10:00 am to 2:00 pm
Unit of Trading 1 MT
Delivery Unit 1 MT
Quotation/Base Value 100 Kgs
Tick Size 10 paise
Daily price fluctuation limitwill be +/-2%. Limit on daily price fluctuation will be reckoned with referenceto the pervious close price. If trade hits this price limit, trade would stopfor 15 minutes, where after price would be extended by another +/-2%. No tradewould be permitted during the day beyond then revised price limit of +/-4%.
(Agmark Grade-1) NMCE Grade-I : Milling Copra
1.Copra shall be Fair AverageQuality (FAQ);
2.Copra shall be clean, fullymatures cups, smooth and hard, free from infestation mould growth(fungus),powder extraneous and defective matter;
3.Moisture content on machineverification shall not exceed 6 %
4.Oil Content shall not be below64% minimum by mechanical extraction but on dry basis 70%.
No. of delivery Contracts in a year
Maximum 12 monthly or minimum 2monthly contracts running concurrently.
Delivery Centers Calicut
Opening of Contracts
Trading in any contract monthwill open on the 16th day of the month as per the approved calendar
15thday of the delivery months if 15 happens to be holiday then previous workingday
Delivery Logic Compulsory Delivery
Closing of Contract
Squaring up of positions will bepermitted between 12th and 15th of delivery month. No fresh positions buildingwill be allowed. From 12th to the 15th of delivery month, seller can tenderWarehouse Receipt for settlement and Warehouse Receipt will be accepted forsettlement at closing price of the previous day.
Limit on open position Aggregate Limit
Client – Maximum of 5,000 MT forall contracts
Member – 15,000 MT or 15% oftotal market open position in the commodity whichever is higher
Near Month Limit:
Client – 1,000 MT
Member – 3,000 MT or 15% of thetotal near month position in the commodity, whichever is higher
Source :- www.nmce.com