chana - NCDEX

MAJOR MANDIS NEAR THE NCDEX'S DELIVERY CENTRES FOR CHANACONTRACT SPECIFICATIONSName of CommodityTicker symbolTrading SystemBasisUnit of tradingDelivery unitAdditional deliverycentresTrading HoursDelivery LogicOpening of contractsCHANACHARJDDELQuantity variation +/-5%NCDEX Trading SystemDesi ex-warehouse Delhi inclusive of all taxes and levies10 MT10 MTQuotation/base value Rs per quintalTick size Re 1Delivery center Desi Chana to be delivered at Delhi (up to the radius of 50 kms from the municipal limits )Kantawalla Chana to be delivered only at Indore (up to the radius of 50 km from municipal limits)Desi Chana can also be delivered at Bikaner (up to the radius of 50 km from municipal limits)As per directions of the Forward Markets Commission from time to time, currently -Mondays through Fridays: 10:00 a.m. to 5:00 p.m.Saturdays: 10.00 a.m. to 2.00 p.m.The Exchange may vary the above timing with due notice.Compulsory DeliveryQuality Specification Desi Chana Kantawalla chanaForeign Matter (Other than varietal admixture) 1% basis 1% basisGreen (Cotyledon colour), Immature, Shrunken, Shriveled SeedsBrokens, SplitsDamaged and WeeviledMoistureVarietal admixture3% basis 3% basis2% basis 3% basis3% basis(Weeviled 2% max.)10% basis 10% basis3% max 3% maxThe material should be free of Mathara and Khesari and live infestation.3% basis(Weeviled 2% max.)Upon expiry of the contract all outstanding positions will result in delivery. The penalty structure forfailure to meet delivery obligations will be as per circular no. NCDEX/TRADING-086/2008/216dated September 16, 2008.Trading in any contract month will open on the 10th day of the month. If 10th day of the month happensto be a non-trading day, contracts would open on the next trading day.Closing of contractDue Date/ ExpiryDateUpon the expiry of a contract all outstanding open positions would result in compulsory delivery20th day of the delivery month. If 20th happens to be a holiday, a Saturday or a Sunday then the due date shallbe the immediately preceding trading day of the Exchange, which is other than a SaturdayNo. of active contracts As per launch calendarMember's PositionLimitClient's PositionLimit100,000 MT for all contracts or 15% of the market-wide open position, whichever is higher.For near month contracts: Maximum of 20,000 MT or 15% of the market-wide near month open position,whichever is higher (The following limits would be applicable from one month prior to expiry date).20,000 MTFor near month contracts: Maximum of 4,000 MTFinal SettlementPrice8The Final Settlement Price (FSP) shall be arrived at by taking the average of the last three days' last polledspot prices.For further details, please refer to the NCDEX website http://www.ncdex.comContact our Product Managers for any queries/information:Sachin Purwar : 9999294456, Arun Yadav : 9930006791, Rohit Shukla : 9711371071