Ex-Kolkata(T+1) - National Spot Exchange Limited

National Spot Exchange LimitedCircularRef. No.: NSEL/TRD/2009/158 November 9, 2009Dear Members,Commencement of Spot Trading in Imported Gold bar 1 kg Ex-Kolkata contractIn terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, theMembers of the Exchange are notified as under:Imported Gold bar 1 Kg ex-Kolkata Contracts will be available for trading from Tuesday, the10 th November, 2009. Contract details and settlement procedure are as under:1) Contract Specifications – refer to the enclosed Annexure 12) Settlement Schedule and vaulting charges – refer to the enclosed Annexure 2,3) Settlement and Delivery Procedure - refer to circular no. NSEL/DEL/2008/033 dated 4 thDecember 2008, NSEL/DEL/2008/042 dated 30 th December 2008 and4) Auction Mechanism – refer to the circular no. NSEL/C&S/2008/029 dated 26 thNovember 2008The accredited vault for the purpose of delivery of Gold in Kolkata is given below:Accredited Vault1. Name: Brinks Arya India (P) Ltd.Address: 18/39, Ground Floor, BallygunjePlace (East), Kolkata – 700019.Contactperson:Mr. S.K.GhoshMr. Atanu Banerjee.Contact no.: Tel. No. – 033-24600145Mobile No. – 9330912737 /9339732967Email:kolkata.gs@brinksarya.com2. Name: M/s. J.J.Gold HouseAddress: Ideal Plaza, 3 rd Floor, Suite No. S-305, 11/1, Sarat Bose Road,Kolkata – 700020.ContactMr.Harshad Ajmeraperson:Contact no.: 9331 080 003 / 9830 042 105Email:jjgoldhouse@rediffmail.comThe aforesaid contract specifications, settlement, delivery and auction procedure will bebinding on all the members of the Exchange and clients trading through them.For any clarification, the following Exchange officials can be contacted:-1) Mr. Sunil Dholakia at +919051498813 through email atsunil.dholkia@nationalspotexchange.comFor and on behalf ofNational Spot Exchange Ltd.Narsing RaoVice PresidentEncl.: As above------------------------------------- Registered office --------------------------------------102-A, Landmark, Suren Road, Chakala, Andheri (East), Mumbai – 400 093Tel.: 022 – 6761 9900 Fax: 022 – 6726 9525www.nationalspotexchange.com email: bullion@nationalspotexchange.com

Contract Specifications of Imported Gold Bar 1kg Ex- Kolkata (T+1)Commodity DetailsCommoditySymbolDescriptionContract SpecificationGold BarJJGOLDImported Gold bar 1 kg Ex- KolkataAnnexure 1Daily contractBuying and selling during the day will be permitted, but allpositions outstanding at end of trading session on a day mustresult into compulsory delivery.Trading periodMonday to Saturday except Exchange specified holidays inadvance.Trading sessionMonday to Friday: 10:00 AM to 11:30 PMSaturday:10:00 AM to 3:30 PMTrading Related ParametersTrading unitQuotation/Base ValueTick size (minimumprice movement)Daily price limits 3%1 Kg10 grams of gold with 995 purity exclusive of VAT basisRe. 1 per 10 gramsPrice QuoteEx-Kolkata (inclusive of all taxes and levies relating to importduty, customs but excluding VAT, any other additional tax orsurcharge on sales tax, local taxes and octroi)Initial margin 4%Special MarginMaximum order sizeDelivery Related ParametersDelivery unitDelivery center(s)Delivery Period MarginIn case of additional volatility, a special margin of suchpercentage, as deemed fit, will be imposed immediately onboth buy and/or sell side in respect of all outstandingposition, which will remain in force for the same trading day.10 kgs1 Kg bar or 10 units of 100 gram bars will be considered asgood deliveryKolkata at designated delivery centers10% on the closing priceQuality Specifications Grade: 995Gold bars should be serially numbered supplied by LBMA &approved suppliers or other suppliers as may be approved byNSEL.Quality Adjustment The price of Gold is on the basis of 995 purity.Seller will get a proportionate premium and sale proceeds willbe calculated in the manner of rate of delivery *999/995.If the purity is less than 995, it is rejected.Tender and Delivery Within One days after the trading dayPeriodDelivery LogicCompulsory delivery. Net positions at the closing of themarket should be delivered as per settlement schedulespecified in Annexure 2.Auction Related ParametersProcessSymbolAuction periodAuction will be initiated by the Exchange in case of shortagesin funds and/or commodities.ABJJGOLD for buy-in and ASJJGOLD for sell-out7:00 PM to 7:30 PM on T+1 day2

Annexure 2A) Settlement ScheduleParticulars Day Pay-in Pay-outMark-to-Market T+1 Up to 11:00 AM At 12:00 NoonFunds – Normal T+1 Up to 1:00 PM At 5:30 PMDelivery of Commodities – Normal T+1 Up to 2:00 PM At 5:30 PMDelivery of Commodities – Auction T+2 Up to 11:00 AM At 1:00 PMFunds – Auction T+2 Up to 12:00 Noon At 3:00 PMB) Delivery Charges: Charges for storing of Gold bars at Brinks Arya India (P) Ltd. are asunder:Particulars Commodity DeliveryUnitVaulting Charges (in Rs.)(per day)(per month)Vaulting Charges(inclusive of Insurancecharges)Gold bar1 Kg(One barof 1 kg orten barsof 100 g)10.00 300.00Note:1) Vaulting Charges:(a) These charges are applicable for the actual number of days Gold bar has storedin the vault.(b) These charges are not levied to the buyers, if they lift the commodities on thepay-out day.(c) These charges will be collected on a monthly basis i.e. 10 th day of thesubsequent month by debiting the settlement account of the members and if10 th day is a holiday, charges will be debited on the next working day.2) Delivery Charges:(a) Deposit and release of gold is treated as different transactions.(b) Delivery charges will be collected on a monthly basis.3) Transaction charges: Rs. 5 per 1 lac of turnover will be levied on both buyers andsellers and collected on monthly basis.******3