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NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED
 Circular to all trading and clearing members of the Exchange

Circular No: NCDEX/TRADING-057/2006/117

Date: May 11, 2006

Subject:  No fresh position in May 2006 contracts during last 5 days before expiry _____________________________________________________________________________

Members may please note that members and clients are not permitted to acquire fresh open positions during the last five days (i.e. on or after May 14, 2006) before the expiry of the May 19, 2006 contracts and (on or after May 27, 2006) before the expiry of the May 31, 2006 contract. This is applicable to commodities in which delivery intentions are required to be given during the period May 11, 2006 to May 13, 2006 and May 24, 2006 to May 26, 2006 respectively.

Members are informed that a penalty of Rs.1000/- would be levied commodity wise per day for violating the said directive and collected from the members. Multiple instances of violations by a member/client would be viewed seriously by the Exchange and will attract stiffer penalties including disablements, suspension and initiation of suitable action against the member concerned in terms of the Regulations of the Exchange.

 Members are, therefore, advised to be cautious and not to put through trades that may violate the said directive.

 The list of the commodities whose delivery intention period is ending on May 13, 2006 and May 26, 2006 is given below:

 

Commodity

Symbol

Contract Expiry Date

CastorSeed

CASTORDSA

19-May-06

Chana

CHARJDDEL

19-May-06

ArabicaCoffee

COFIAPAHSN

19-May-06

RobustaCoffee

COFIRCBKSN

19-May-06

Indian28MMCotton

COTI28AKL

19-May-06

Indian31MMCottonGuntur

COTI31GTR

19-May-06

MediumStapleCotton

COTMSCABHR

19-May-06

CashewW320

CSHW320KLM

19-May-06

GuarGum

GARGUMJDR

19-May-06

GuarSeeds

GARSEDJDR

19-May-06

GroundnutExpellerOil

GNOEXPRKT

19-May-06

Groundnut(inshell)

GNSHELJNG

19-May-06

Gur

GURCHKMZR

19-May-06

Jeera

JEERAUNJHA

19-May-06

JuteSacking

JUTB65KOL

19-May-06

Yellow/RedMaize

MAIZYRNZM

19-May-06

MulberryGreenCocoons

MGCCBBRNM

19-May-06

RMSeedOilCake

MSOILCGNR

19-May-06

MasoorGrainBold

MSRBLDIDR

19-May-06

RMSeed

RMSEEDJPR

19-May-06

Soymeal

SBMEALIDR

19-May-06

SoymealExport

SBMEXPKDL

19-May-06

WhitishSesameSeed

SESNW98RKT

19-May-06

MildSteelIngots

STLINGGZB

19-May-06

SoyaBean

SYBEANIDR

19-May-06

Turmeric

TMCFGRNZM

19-May-06

LemonTur

TURLMNMUM

19-May-06

MaharashtraLalTur

TURMHLAKL

19-May-06

Urad

URMFAQMUM

19-May-06

WheatStdMill

WHTSMQDELI

19-May-06

YellowPeas

YPECANMUM

19-May-06

ElectrolyticCopperCathode

COPELCMUM

31-May-06

 For and on behalf of

National Commodity & Derivatives Exchange Limited

 Meher Baburaj

Chief Operating Officer

 

 For further information / clarifications, please contact

  1. Customer service group on phone: 022 6640 6609 - 6615.  
  2. Customer service group by e-mail to : [email protected]

 

 
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