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Click Here - Futures Contract Specifications. Updated as on April 22, 2005.


Mulberry Crossbreed (CB)/Bivoltine (B) Filature Raw Silk 
Futures Contract Specifications. Updated as on April 22, 2005
(Please refer to notes, if any, listed below this contract specifications)
Type of contract Futures Contract Specifications
Name of commodity Mulberry Crossbreed (CB)/Bivoltine (B) Filature Raw Silk
Ticker symbol RSMCBBBLR
Trading system NCDEX Trading System
Basis Ex-warehouse, Bangalore inclusive of all taxes
Unit of trading 60 Kg
Delivery unit 60 Kg
Quotation/base value Rs./kg
Tick size Rs.5.00
Quality specification Mulberry Crossbreed (CB) /Bivoltine (B) Filature Raw Silk Futures Contract

Basis grade: Indicative Grade 2A

a.Basis Fineness:20 /22 b.Size Deviation:</=1.6 c.Max. Deviation:</= 4.3 d.Winding Breaks:</=3 Also Deliverable : Indicative Grades 4A, 3A, A and B 2.Moisture: Conditioned weight(moisture 11% regain)
Quantity variation +/- 5% for total weight of each deliverable lot
Delivery center Bangalore
Also deliverable Dharmavaram, Kancheepuram.
Imported raw silk, only at Varanasi, Uttar Pradesh
Hours of Trading As per directions of the Forward Markets Commission from time to time, currently (with effect from April 25, 2005) -

Mondays through Fridays :10:00 AM to 05:00 PM

Saturdays : 10.00 AM to 2.00 PM The Exchange may vary the above timing with due notice.
Delivery specification Upon expiry of the contracts, if any seller with open position desires to give delivery at a particular delivery center, then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery
No. of active contracts Minimum 2 contracts with a maximum of 12 contracts running concurrently
Opening of contracts Trading in any contract month will open on the 21st day of the month. If the 21st day happens to be a non-trading day, contracts would open on the next trading day
Due date/Expiry date 20th day of the delivery month If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange
Closing of contract All open positions will be settled as per general rules and product specific regulations
Price Limit 12 per cent
Position limits Member-wise: 75 MT (75,000 kg)
Client-wise: 15 MT (15,000 kg)
Special Margins Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any raw silk contract on either the buy or sale side whichever way the movement has happened based on the first day settlement price of that contract and valid for the life of that contract. A unidirectional movement of 20 per cent and above would attract a special margin of 1 per cent, movement of 25 per cent and above would attract a special margin of 2 per cent and finally a movement of 30 per cent and above would attract a special margin of 3 per cent .




Members and market participants who enter into buy and sell transactions may please note that they need to be aware of all the factors that go into the mechanism of trading and clearing, as well as all provisions of the Exchange's Bye Laws, Rules, Regulations, Product Notes, circulars, directives, notifications of the Exchange as well as of the Regulators, Governments and other authorities.

Members and market participants trading on the Exchange in the commodity contracts shall be deemed to be aware of applicable laws and amendments thereof from time to time, including provisions and rates relating to the sales tax, value added tax APMC Tax, Mandi Tax, octroi, excise duty, stamp duty, etc., applicable on the underlying commodity of any contract offered for trading.

The Exchange shall not be responsible or liable on account of non compliance by any of the members and market participants of any such applicable laws or any amendments thereof including not being aware of rates of taxes, levies, etc., on the underlying commodity of any contract offered for trading.