Circular No: - NMCE/2011-12/0097 Date: - 16-Jan-2012
In partial modification of the circular issued by the Exchange under circular No: NMCE/2010-11/0093 dated 25th February, 2011 and in pursuance to the directions of the Forward Markets Commission (FMC) vide its letter No.6/1/2012-MKT-I dated 11th January, 2012 and in terms of the Bye-Laws, Rules and Regulations of the Exchange, the members are notified as under:
The Commission has revised open interest limits – both aggregate (all contracts) limits and delivery (near) month limits in respect of Guarseed and Guargum contracts. The revised open interest limits will now be as follows:
|
S. no. |
Commodity |
Unit |
Existing |
Revised |
||||||
|
Aggregate (all months contracts) |
Delivery (Near Month) |
Aggregate limits for all contracts traded on all Exchanges |
Near month limits for contracts traded on all Exchanges |
|||||||
|
|
|
|
Member* |
Client |
Member* |
Client |
Member* |
Client |
Member* |
Client |
|
1 |
Guar Seed (GUT) |
MT |
15,000 |
3,000 |
5,000 |
1,000 |
12000 |
2400 |
4000 |
800 |
|
2 |
Guar Gum (GUG) |
MT |
5,000 |
1,000 |
1,000 |
200 |
3000 |
1000 |
600 |
200 |
* The member’s open interest limit at aggregate (all contracts) level will be either the absolute number indicated above or 15% of the total market wide open position in the commodity, whichever is higher. In case of delivery (near) month, a member’s open interest limits will be either the absolute number indicated above or 15% of the total near month open position in the commodity, whichever is higher.
Above revised limits should be followed on real time basis.
The revised open interest limits for aggregate as well as near month will be across all contracts and all exchanges and would be applicable with effect from 21st January, 2012.
For and on behalf of
National Multi-Commodity Exchange of India Limited
Dinesh Shukla
Vice President (Market Watch & Surveillance)
