Circular No: NCDEX/TRADING-019/2010/051 Date: February 25, 2010

Trading and Clearing Members are requested to note that the Exchange, with the approval of the Forward Markets Commission has made modifications in the Soybean contracts which will be applicable for all contracts expiring in July 2010 and thereafter.

Currently, contracts expiring in March 2010, April 2010, May 2010, June 2010 and July 2010 are available. Contracts expiring in March 2010, April 2010, May 2010 and June 2010 would continue to be traded as per existing contract specifications.

Summary of modifications for contracts expiring from July 2010 onwards is given in Annexure I. Existing contract specifications applicable for contracts expiring till June 2010 expiry are given in Annexure II. Modified contract specifications applicable for contracts expiring from July 2010 and onwards are given in Annexure III and contract launch calendar is given in Annexure IV.

Please refer to our circular no. NCDEX/CLEARING-043/2009/346 dated December 8, 2009 extending the facility of Early Delivery System in Soybean contracts expiring in January 2010 and onwards. Please note that due to the change in delivery logic of Soybean contracts from Compulsory Delivery to Seller’s Option, Early Delivery System will not be applicable to Soybean contracts from July 2010 expiry onwards.

Members and their constituents are requested to take note of the changes. The contracts and the transactions therein will be subject to Rules, Bye Laws and Regulations of the Exchange and circulars issued by the Exchange as well as directives, if any, issued from time to time by the Forward Markets Commission.

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