| Futures Contract Specifications |
|
| Trading system |
BCEL Trading System |
| Trading hours |
Monday to Friday 11:30 am to 4:00 pm |
| Unit of trading |
One
metric tonne |
| Quotation/Base Value |
Rs per 10 Kgs |
| Tick size |
Re 0.10 |
| Delivery unit |
10
M.T. |
| Quantity variation |
(+/-)
2% on permissible quantity |
| Quality specification/
Basis
of futures |
|
|
|
|
Color
in Lovibond scale (Basic Unit)
|
35
max (Y+5R) in ¼”
cell
|
|
Saponification
values
|
168
to 177
|
|
Iodine
Value (Wij’s)
|
96
to 112 (polybromide test shall be negative)
|
|
Unsaponifiable
Matter % by wt.
|
Not
more than 1.2% by wt.
|
|
Bytro-refracto
meter reading at 40oC
|
58.0
to 60.5
|
|
Acid
value
|
Not
more than 3.0
|
|
Bellier
Test (Turbidity temperature acid method)
|
23.0 to 27.5 oC
|
|
Test
for agremone oil
|
Negative
|
|
Test
for Hydrocyanic acid
|
Negative
|
|
| Delivery center |
|
| Due date |
20th
day of delivery month (Same as contract month) |
|
Delivery
days
-Within
Bikaner
-Outside
Bikaner
|
Between
2nd and 6th days from LTD by 5 P.M
Between
2nd and 8th days from LTD by 5 P.M
|
| Price
Variation Per (UOT) |
Rs.
750/- |
| Maximum
& minimum rate |
20%
up down of first settlement rate |
