| Commodity Details |
| Commodity |
Dematerialized Nickel |
| Contract Symbol |
E-Nickel |
| Description |
Dematerialized Nickel unit (e-Nickel) |
| Trading Related Parameters |
| Trading period |
Monday To Friday (except Exchange specified holidays) |
| Trading session |
10:00 AM to 11:30 PM |
| Trading unit |
1 unit of e-Nickel, which is equivalent to 1 Kilogram of Nickel |
| Price Quote/Base Value |
Per 1 kilogram of Nickel with 99.80% purity. Price is exclusive of VAT / CST as applicable |
| Tick size (minimum price movement) |
Rs. 0.50 per 1 kilogram (Unit) |
| Daily Price Range |
5% |
| Maximum order size |
50000 units |
| Margin Parameters |
| Initial Margin |
5% |
| Delivery Margin |
10% |
| Special Margin |
In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day. |
| Demat Parameters |
| ICIN |
INC200000056 |
| Market description |
T+2 |
| Settlement cycle |
T+2 (where T- Trading day) |
| Delivery Related Parameters |
| Delivery unit |
1 unit of e-Nickel having ICIN INC200000056 and multiple thereof. |
| Quality Specifications |
NSEL Standard Nickel (Cathodes) of 99.80% purity in dematerialized form. |
| Tender and Delivery day |
T+2 (2nd working day from the date of transaction) |
| Delivery Logic |
Compulsory delivery. All open positions (buy and Sell trades) must result into compulsory delivery in demat form on the designated delivery day. |
| Other conditions applicable |
- Only such clients/members shall sell and deliver in this contract, those who are holding e-Nickel units having ICIN INC200000056 in their demat account maintained with National Spot Exchange Ltd. (NSEL) empanelled Depository Participants (DPs). Nickel in no other form shall be accepted against Delivery obligation under this contract.
- Before creating any buy position in this contract, the client should open his beneficiary account for NSEL trading.
- Intraday trading and netting is permitted, but short sale is not allowed. In case of short sale, the position will be settled by buying in auction of undelivered position.
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