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    National Commodity & Derivatives Exchange Limited

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    umanng
    The National Commodity & Derivatives Exchange Limited (NCDEX) is introducing a new Risk Management Fee of Rs. 5 per lakh on the value of every fresh overnight open interest position created in certain listed commodities, effective October 15, 2014. The fee will be collected as an exchange due and applied to positions held each day to help offset costs of maintaining necessary infrastructure to facilitate daily risk management and mark-to-market settlements for clients. A list of the commodities subject to this new fee is provided.

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    National Commodity & Derivatives Exchange Limited

    Uploaded by

    umanng
    29 views2 pages
    The National Commodity & Derivatives Exchange Limited (NCDEX) is introducing a new Risk Management Fee of Rs. 5 per lakh on the value of every fresh overnight open interest position created in certain listed commodities, effective October 15, 2014. The fee will be collected as an exchange due and applied to positions held each day to help offset costs of maintaining necessary infrastructure to facilitate daily risk management and mark-to-market settlements for clients. A list of the commodities subject to this new fee is provided.

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    Risk Management

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    Risk Management Fees_10 10 2014

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    The National Commodity & Derivatives Exchange Limited (NCDEX) is introducing a new Risk Management Fee of Rs. 5 per lakh on the value of every fresh overnight open interest position created in certain listed commodities, effective October 15, 2014. The fee will be collected as an exchange due and applied to positions held each day to help offset costs of maintaining necessary infrastructure to facilitate daily risk management and mark-to-market settlements for clients. A list of the commodities subject to this new fee is provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views2 pages

    National Commodity & Derivatives Exchange Limited

    Uploaded by

    umanng
    The National Commodity & Derivatives Exchange Limited (NCDEX) is introducing a new Risk Management Fee of Rs. 5 per lakh on the value of every fresh overnight open interest position created in certain listed commodities, effective October 15, 2014. The fee will be collected as an exchange due and applied to positions held each day to help offset costs of maintaining necessary infrastructure to facilitate daily risk management and mark-to-market settlements for clients. A list of the commodities subject to this new fee is provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Registered Office : 1st Floor, Akruti Corporate Park, Near G. E. Garden, LBS Road,
    Kanjurmarg West, Mumbai 400 078, India. CIN No. U51909MH2003PLC140116
    Phone : +91-22-6640 6789, Fax +91-22-6640 6899, Website : www.ncdex.com

    NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED

    Circular to all trading and clearing members of the Exchange
    Circular No : NCDEX/TRADING-146/2014/309
    Date : October 09, 2014
    Subject : Risk Management Fee


    The Exchange currently does not levy any charges for providing the services of risk
    management although substantial amount of expenditure is incurred in maintaining
    necessary infrastructure for facilitating risk management for the clients who hold end-
    of-day positions on the Exchange, every day. The Risk Management, clearing/
    settlement system at the Exchange ensures mark-to-market transfers each day,
    effectively ensuring that the gains/losses are realized without individual counter-party
    risks.
    Trading and Clearing Members are hereby informed that in terms of the Byelaws, Rules
    and Regulations of the Exchange, it has now been decided to levy a Risk Management
    Fee of Rs. 5 per lakh on the value of every fresh overnight open interest position
    created in contracts of those commodities categorized as List A commodities
    (Annexed).
    The fresh open position value will be computed daily based on contract (expiry) wise
    incremental open positions created in client / proprietary code under each member.
    The Risk Management Fee will be collected as Exchange dues.
    The circular will be applicable with effect from October 15, 2014.

    For and on behalf of
    National Commodity & Derivatives Exchange Limited


    M. K. Ananda Kumar
    Chief Corporate Services & Company Secretary

    For further information / clarifications, please contact
    Customer Service Group on toll free number: 1800 26 62339
    Customer Service Group by E-mail to: [email protected]




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    Registered Office : 1st Floor, Akruti Corporate Park, Near G. E. Garden, LBS Road,
    Kanjurmarg West, Mumbai 400 078, India. CIN No. U51909MH2003PLC140116
    Phone : +91-22-6640 6789, Fax +91-22-6640 6899, Website : www.ncdex.com


    Annexure

    List A commodities currently offered for trade:


    Symbol Commodity
    BARLEYJPR BARLEY
    CASTOR1MT CASTOR SEED (1MT)
    CASTOR2MT CASTOR SEED (2MT)
    CASTORSEED CASTOR SEED
    CHANA1MT CHANA (1MT)
    CHANA2MT CHANA (2MT)
    CHARJDDEL CHANA
    CHILLI CHILLI TEJA
    COCUDAKL COTTON SEED OIL CAKE
    COTTONSEED
    COTTON SEED INDUSTRIAL
    GRADE
    DHANIYA CORIANDER
    GUARGUM GUAR GUM
    GUAR2MT GUAR SEED 2MT
    GUARSEED10 GUAR SEED
    GURCHMUZR GUR
    JEERAUNJHA JEERA
    KAPASSRNR KAPAS
    MAIZEKHRF
    KHARIF MAIZE FEED
    INDUSTRIAL GRADE
    MAIZERABI
    RABI MAIZE FEED
    INDUSTRIAL GRADE
    RMSEED RAPESEED MUSTARD SEED
    SBMEALIDR YELLOW SOYABEAN MEAL
    SHANKRKPAS SHANKAR KAPAS
    SUGARM SUGAR (M GRADE)
    SYBEANIDR SOYABEAN
    SYOREFIDR REFINED SOY OIL
    TMCFGRNZM TURMERIC
    WHEAT WHEAT
    List is subject to modification from time to time.

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