Professional Documents
Culture Documents
Symbol CPO
Description CPOMMMYY
Contract Listing Contracts are available as per the Contract Launch Calendar.
st st
Contract Start Day 1 day of contract launch month. If 1 day is a holiday then
the following working day.
Last Trading Day Last calendar day of the contract expiry month. If last
calendar day is a holiday then the preceding working day.
Trading
Trading Period Mondays through Fridays
Trading Session Monday to Friday: 9.00 am to 09.00 pm
Trading Unit 10 MT
Quotation/Base Value Rs./10 Kg
Price Quote Ex- Kandla, exclusive of Sales tax/ GST
Maximum Order Size 200 MT
Tick Size (Minimum 10 paise
Price Movement)
Daily Price Limits DPL shall have two slabs - Initial and Enhanced Slab. Once
the initial slab limit of 3% is reached in any contract, then
after a period of 15 minutes, this limit shall be increased
further by enhanced slab of 1%, only in that contract. The
trading shall be permitted during the 15 minutes period within
the initial slab limit. After the DPL is enhanced, trades shall
be permitted throughout the day within the enhanced total
DPL of 4%.
Initial Margin* Minimum 4% or based on SPAN whichever is higher
Extreme Loss Margin 1.25%
Additional and/ or In case of additional volatility, an additional margin (on both
Special Margin buy & sell side) and/ or special margin (on either buy or sell
side) at such percentage, as deemed fit; will be imposed in
respect of all outstanding positions.
Maximum Allowable For individual clients: 1,00,000 MT
Open Position** For a member collectively for all clients 10,00,000 MT or 15%
of the market wide open position, whichever is higher.
* The Margin Period of Risk (MPOR) shall be 3 days in accordance with Circular No.
MCX/MCXCCL/018/2019 dated January 15, 2019 accordingly, the initial margin shall be
scaled up by root 3.
** Pursuant to SEBI circular SEBI/HO/CDMRD/DMP/CIR/P/2017/84 dated July 25, 2017
*** As per SEBI directive SEBI/HO/CDMRD/DRMP/CIR/P/2016/77 dated Sep 01, 2016
**** As per SEBI directive SEBI/HO/CDMRD/DRMP/CIR/P/2016/90 dated Sep 21, 2016
Contract Launch Calendar of Crude Palm Oil
Delivery Pay-out of
E+2 working day by 5.00 p.m.
Commodities
Pay-in of Funds E+2 working day by 11.00 a.m.
Pay-out of Funds E+2 working day after 2.00 p.m.
After getting (matching) intentions from the buyer and
seller to take or give delivery, if any of the party fails to
honor his obligations, a penalty of 2.5% of the DDR
will be imposed on him.
Additionally, a replacement cost of 4% of DDR will be
Penal Provisions recovered from the defaulting buyer / seller.
Out of the penalty, 2% (i.e. 80% of penalty amount)
will be credited to SGF of the MCXCCL and 0.5% (i.e.
20% of penalty amount) will be credited to the counter
party. While, out of the replacement cost recovered,
90% will be passed on to the counterparty and 10%
will be retained by the MCXCCL.
Ex- Kandla, exclusive of Sales tax/ Local taxes/ GST
Taxes, Duties, Cess and wherever applicable is to be paid by the seller to the
Levies sales tax/GST authorities on all contracts resulting in
delivery. Accordingly the buyer will have to pay the
taxes/GST to the seller at the time of settlement. In
case of sales tax exemption, such exemption
certificate should be submitted before settlement of
the obligation. Incidence of customs duty payable
whether concessional or otherwise will be in seller’s
account. In case of Inter-State movement, Buyer has to
submit requisite forms, else pay taxes as applicable.
All the Sellers giving delivery of goods and all the buyers
taking delivery of goods shall have the necessary GST
Registration as required under the Goods & Service Tax
(GST) Act applicable to the jurisdiction of the delivery
centers and obtain other necessary licenses, if any.