Contract Specifications - Agri
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| Instrument Type | FUTAGR | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Product | Crude Degummed Soybean Oil Futures * | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Symbol | DEGUMSYOIL | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | DEGUMSYOILYYMMM | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contract Listing | Monthly contracts. Details as per the launch calendar. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contract Commencement Day | 1st calendar day of contract launch month. If 1st calendar day is a holiday then the following working day. (Expiry Day + 1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Last Trading Day | Last calendar day of contract expiry month. If last calendar day is a holiday then preceding working day. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading Period | Mondays through Fridays | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading Session | Monday - Friday, 9:00 am to 9:00 pm | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading Unit | 10 MT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quotation / Base Value | ₹ per 10 Kg | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Price Quote | Ex-tank, Kandla inclusive of all duties and exclusive of GST | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maximum Order Size | 700 MT | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tick Size (Minimum Price Movement) | ₹ 0.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Daily Price Limit | The base price limit shall be 4%. Whenever the base daily price limit is breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed upto 6%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Initial Margin | The Initial Margin requirement shall be so as to cover potential losses for at least 99% VaR subject to minimum percentage floor value as prescribed by SEBI from time to time | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extreme Loss Margin | 1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional and / or Special Margin | In case of additional volatility, an additional margin (on both buy & sale position) and/ or special margin (on either buy or sale position) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maximum Allowable Open Position |
For a member collectively for all clients: 5,09,600 MT or 15% of the market wide open position whichever is higher, for all contracts of the commodity combined together.
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| Quality Specifications |
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| Due Date Rate (Final Settlement Price) | For contracts where Final Settlement Price (FSP) is determined by polling, unless specifically approved otherwise, the FSP shall be arrived at by taking the simple average of the last polled spot prices of the last three trading days viz.,E0 (expiry day), E-1 and E-2. In the event the spot price for any one or both of E-1 and E-2 is not available; the simple average of the last polled spot price of E0, E-1, E-2 and E-3, whichever available, shall be taken as FSP. Thus, the FSP under various scenarios of non-availability of polled spot prices shall be as under:
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| Settlement Mechanism | The contract would be Cash Settled | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Settlement of Contract | On expiry all the open positions shall be settled in cash as per the Final Settlement price (FSP). | ||||||||||||||||||||||||||||||||||||||||||||||||||||
*Refer circular no. NSE/COM/50683 dated December 20, 2021 with reference to discontinuation of Crude Degummed Soybean Oil Futures.
Updated on: 05/02/2024
