| Name
of contract |
Cotton
Seeds Futures Contract |
| Trading
Venue |
As
per Contact Us |
| Trading
Hour |
As
per Calendar |
| System
of Trading |
Open
Outcry |
| Unit
of Trading |
10
Tonnes |
| Unit
of Delivery Order |
10
Tonnes |
| Quotation |
In
Indian Rupees per 10 Kgs. exclusive of all taxes and levies. Quotations
in fraction of 50 paisa or multiples thereof. |
| Basic
Variety |
Shankar
(Grown in Gujarat State fair Average quality) other Verities: Kalyan
(V797), Kalagin, Vagad, Gujarat 11, 12, 13, DCH, and Dhumad. |
| No.
of Delivery Contracts in a Year |
Three
namely February, April, December of each year. |
| Maturity
Month |
Each contract expires on the 15th of the maturity month |
| Clearing
Settlement |
Daily |
| Clearing
Rates |
Closing
price of day is settlement price |
| Pay-in
& Pay-out |
Pay-in
: Next working day of clearing settlement, before commencement of
trading.
Pay-out : After clearing advice from bank. |
| Delivery
terms |
Minimum
10 Metric Tones per Delivery Order. |
| Reporting
of Transaction |
Immediately
of Within 15 minutes of entering into contract with the opposite party. |
|
Price Fluctuation limit |
- |
| Open
Position limit |
2000
Tones for Ordinary members
and Client
750 Tones for Associates members |
| Oliya
Margin |
As
per by laws No: 290 |
Future
Trading