Last Updated : November 05, 2009
Launching of Gold Guinea Contract
Ref. No.: NMCE/2009-10/0053 November 5, 2009 In pursuance to the Chapter 2 under clauses 2.5 & 2.6 and the Chapter 3 under clause 3.1 of Regulations of the National Multi-Commodity Exchange of India Limited (the Exchange), the Exchange notifies the following:
(a)
Futures contracts Futures contract in Gold Guinea as approved by Forward Markets Commission will be available for trading with effect from 7th November 2009. Changes if any, in the aforesaid contracts will be notified from time to time.
(b)
Commodity descriptor for the futures contracts
The descriptors for the futures contracts for the Gold Guinea are enclosed in Annexure – I.
(c)
Contract Specifications The contract specification of Gold Guinea is enclosed as Annexure-II, which also includes the quality specifications.
(d)
Price Quotation, Trading Units, Multiplier and Tick size The Price Quotation, Trading Units, Multiplier and tick size in respect of Gold Guinea futures contracts admitted to dealings on the Exchange are given in the matrix at the Annexure-III.
(e)
Trading cycle:
The contract detail for the Gold Guinea is enclosed as Annexure–IV. A new contract will be introduced as per the fresh notification.
(f)
Expiration day:
The Gold Guinea futures contract shall expire on the last day of the expiry month. If last day of the month is a trading holiday, the contract shall expire on the preceding day. Please refer to Annexure–IV for details of the introduction and expiration of contract.
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