Orange Bullion Updates

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Jun 29, 2012

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The Financial Express
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Now, buy platinum in de-mat form
Business Line
Apr 21,2012

Product

Rajma:

NSEL has commenced Rajma (Kidney bean) forward auctions Contract in Andhra Pradesh on Ex-Godown basis. The auction timings on the Exchange platform is between 12:00 Noon to 3:00 PM. The agencies authorized by the Exchange can sell through this contract and all confirmed trades at the end of auction session will result into compulsory delivery.
Commodity Details
Commodity RAJMA
Contract Symbol RAJMA
Description RAJMA FAQ Variety
Contract Specifications
Daily contract The agencies authorized by the Exchange can sell through this contract. All confirmed trades at the end of auction session will result into compulsory delivery.
Trading period Monday through Friday except Exchange specified holidays
Trading session Monday to Friday: 12:00 Noon to 3:00 PM
Trading Related Parameters
Trading unit 10 MT
Trade matching logic Forward Auction
Quotation/Base Value Rs per Quintal
Tick size (minimum price movement) 1 Rupee
Daily price range 4%
Price Quote Ex-NSEL accredited Warehouse in Andhra Pradesh. Prices are excluding applicable taxes.
Auction Schedule

The schedule of auction will change from time to time and shall be intimated by the Exchange on its website http://www.nationalspotexchange.com/warehouse.htm

In addition to above, Exchange, will broadcast the delivery center for which the auction is conducted before the auction session.
Initial margin 10%
Maximum Order Size 500 MT
Delivery Related Parameters
Deliverable Grade RAJMA of FAQ Variety on AS IS WHERE IS BASIS.
Delivery Margin 20%
Delivery unit 10 MT (with tolerance limit of + 500 Kgs) and direct multiple thereof. It means if the seller delivers any quantity between 9.50 MT to 10.50 MT, it will be construed as adequate discharge of his obligation of 10 MT, though he will get the value only for the actual deliveries tendered by him.
Announcement for auctionable stocks Exchange will update the available quantity of Rajma on its website on a daily basis on www.nationalspotexchange.com/warehouse.htm
 

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