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Wheat (Dara) CONTRACT
Asset Code WHEAT
Product Code WHEATF
Series Code WHTMMMYYYY
Trading System NMCEs Derivatives Trading andSettlement System
Trading Hours Monday to Friday :10:00 am to 5:00 pmSaturday :10:00 am to 2:00 pm
Unit of Trading 10 MT
Delivery Unit 10 MT (50 Kg.Net in New B.Twill Bag)
Quotation/Base Value 100Kgs
Tick Size Re 1
Price Band Daily price fluctuation limit is (+/-)3%. If trade hits the prescribed daily price limit there will be cooling offperiod for 15 minutes. Trade will be allowed during this cooling off periodwithin the price band. Thereafter the price band would be raised by another(+/-) 1% and the trade will be resumed. If the price hits the revised priceband (4%) again during the day, trade will only be allowed within the revisedprice band. No trade / order shall be permitted during the day beyond therevised limit of (+/-) 4%
Quality Specification (Conform toPFA Rules)
a) Foreign Matter: 1.0% (Max)
b) Other Food Grains: 1.0% (Max)
c) Damaged Grains: 2.00% (Max)
d) Slightly Damaged Grains: 5.00%(Max)
e) Shriveled & Broken Grains:6.00% (Max)
f) Moisture: 12% (Max)
Total (a to e) to be = 8% max
No. of delivery Contracts in ayear Maximum 12 monthly orminimum 2 montly contracts running concurrently
Delivery Centers CWC –Delhi
Opening of Contracts Trading in any contract month will open onthe 16th day of the month, 6 months prior to the contract month
Due Date
15th day of the delivery monthsif 15th happens to be holiday then previous working day.
Closing of Contract
Squaringup of positions will be permitted between 12th and 15th of delivery month. Nofresh positions building will be allowed. From 12th to 15th of delivery month,seller can tender Warehouse Receipt for settlement and Warehouse Receipt willbe accepted for settlement at closing price of the previous day.
Delivery Logic Compulsory Delievery
Limit on open position Member Limit– 1,00,000 MT or 15% of the marketwide open position, whichever is higher.
Source :- www.nmce.com
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