PEPPER CONTRACT

Asset Code PEPPER
Product Code PEPPERF
Series Code PEPMMMYYYY
Trading System NMCE’s Derivatives Trading and Settlement System
Trading Hours Monday to Friday 11:00 am to 4:00 pm Saturday 11:00 am to 2:00 pm
Unit of Trading and Delivery Unit 1 MT
Quotation/Base Value 100 Kgs
Tick Size Rupee 1/-
Price Band 10% above and below the last closing price.
Open Position Limit 2500 Quintals
Quality Specification Oil wash – Max 1%
Light Pepper – Max 2%
Other Matter – Max 0.5%
Moisture – Max 11%
Option of Exchange In case of quality being out side of maximum tolerance limit, CWC shall reject the goods and not issue warehouse receipt
No. of delivery Contracts in a year Maximum 12 monthly or minimum 2 monthly contracts running concurrently.
Sampling In case the seller offers delivery of Pepper by way of approved Warehouse Receipts no further sampling shall be necessary
Delivery Centers CWC Warehouses located in Cochin / Ernakulam.
Opening of Contracts Trading in any contract month will open on the 16th day of the month, 12 months prior to the contract month
Due Date the15th day of the delivery months if 15th happens to be holiday n previous working day.
Closing of Contract Squaring up of positions will be permitted between 1st and 15th of delivery month. No fresh positions building will be allowed. From 1st to the 15th of delivery month, seller can tender Warehouse Receipt for settlement and Warehouse Receipt will be accepted for settlement at closing price of the previous day.