Guar gum Product Note - Cmlinks.com · Guar gum Product Document The contents of this product note...

Guar gum Product Document

The contents of this product note are subject to Rules, Byelaws and Regulations as well as directions of NCDEX as in force from time to time and be read therewith. - 1 -

Table of Contents

Chapter 1.............................................................................................................................. 3

Trading Conditions ....................................................................................................... 3 Authority ....................................................................................................................... 3 Unit of Trading.............................................................................................................. 3 Months Traded In ......................................................................................................... 3 Tick Size ........................................................................................................................ 3Basis Price……………………………………………………………………………………….3 Unit for Price Quotation................................................................................................ 3 Hours of Trading........................................................................................................... 3 Last Day of Trading....................................................................................................... 3 Mark To Market............................................................................................................. 4Position Limits…………………………………………………………………………………..4 Margin Requirements ................................................................................................... 4Pre-Expiry Additional Margin…………………………………………………………………4Delivery Margin…………………………………………………………………………………5Penalty for cash settlement……………………………………………………………………5 Arbitration..................................................................................................................... 5

Chapter 2.............................................................................................................................. 6 Delivery Procedures ..................................................................................................... 6 Unit of Delivery ............................................................................................................. 6 Delivery Size ................................................................................................................. 6 Quality Standards ......................................................................................................... 6 Accredited Warehouse ................................................................................................. 6 Guar gum Delivery........................................................................................................ 6 Packaging...................................................................................................................... 6Standard Allowances…………………………………………………………………………..7 Good / Bad delivery Norms .......................................................................................... 7 Accredited Assayer....................................................................................................... 7 Assayer Certificate........................................................................................................ 7 Guar gum Sampling...................................................................................................... 7 Weight........................................................................................................................... 8 Testing Procedure ........................................................................................................ 8Validity Period…………………………………………………………………………………..8 Electronic Transfer........................................................................................................ 8 Delivery Allocation........................................................................................................ 8 Actual Delivery.............................................................................................................. 8 Charges......................................................................................................................... 9Duties & Levies………………………………………………………………………………….9Stamp Duty………………………………………………………………………………………9 Sales Tax......................................................................................………………………..9 Premium / Discount ...................................................................................................... 9

Chapter 3............................................................................................................................ 27 Clearing and Settlement ............................................................................................. 27 Daily Settlement ......................................................................................................... 27 Daily Settlement Price & Final Settlement Price ......................................................... 27 Spot Prices.................................................................................................................. 27Dessimination of Spot Prices………………………………………………………………..27



Pay in and Pay out for daily settlement / final cash settlement.................................. 28 Pay in and Pay out for final physical settlement......................................................... 28 Supplementary Settlement for sales tax .................................................................... 28

Exhibit 1 – Guar gum Contract note .................................................................................. 30 Exhibit 2 - Warehouse address for delivery of Guar gum................................................. 33 Exhibit 3- Good / Bad delivery norms ............................................................................... 34 Exhibit 4- Specimen of Assayer certificate........................................................................ 35



Chapter 1

Trading Conditions

Authority Trading of Guar gum futures may be conducted under such terms and conditions as specified in the Rules, Byelaws & Regulations as well as directions of the Exchange and the Forward Market Commission (FMC) issued from time to time. A specimen of Guar gum contract is indicated in Exhibit 1.

Unit of Trading The unit of trading for Guar gum shall be 5 Metric Tons (MT). Bids and offers may be accepted in lots of 5 MT or multiples thereof.

Months Traded In Trading in Guar gum futures may be conducted in the months as specified by the Exchange from time to time.

Tick Size The tick size of the price of Guar gum shall be Re.1/-.

Basis Price The price of Guar gum is basis Ex-Designated warehouse Jodhpur inclusive of all taxes.

Unit for Price Quotation The unit of Price quotation for Guar gum shall be in Rupees per quintal, basis Jodhpur, inclusive of all taxes.

Hours of Trading The hours of trading for futures in Guar gum shall be from 10:00 a.m. to 5.00 p.m. on all week days or as determined by the Exchange from time to time. The hours of trading for futures in Guar gum on all Saturdays shall be from 10:00 a.m. to 2.00 or as determined by the Exchange from time to time.

Last Day of Trading No trades in Guar gum futures deliverable in the current month shall be made after 5.00 p.m. on 20th calendar day of that month. The procedure for Guar gum delivery is based on the contract specifications as per Exhibit I and if 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day



of the Exchange. During three trading days prior to expiry of the contract (including the date of expiry), sellers having open positions would be required to indicate delivery information for giving delivery. NCDEX would thereafter complete the matching process based on the location and then by random, keeping in view the storage capacity of warehouse and Guar gum already deposited / dematerialized for delivery or any other factor(s) that the Exchange deems appropriate for completion of the matching process. It may be noted that upon expiry of the contract, if any seller having open position desires to give physical delivery at a specified delivery center, then the buyer with corresponding open position as matched by the process put in place by the Exchange, shall be bound to settle by taking physical delivery. All open positions of those sellers who do not provide required information for physical delivery shall be settled in cash and penalties shall be applicable on sellers for such cash settlements in contracts with seller’s choice to deliver.

Mark To Market The outstanding positions in futures contract in Guar gum would be marked to market daily based on the Daily Settlement Price as determined by the Exchange.

Position limits The member wise position limits will be a maximum of Rs. 20 crores or 15% of open interest whichever is higher. The client wise position limits will be maximum of Rs. 10 crores or 10% of open interest whichever is higher. Both position limits will be subject to NCDEX Regulations and directions from time to time.

Margin Requirements NCDEX will use Value at Risk (VaR) based margin calculated at 99% confidence interval for one day time horizon. NCDEX reserves the right to change, reduce or levy any additional margins including any markup margins.

Pre-Expiry Additional Margin There will be an additional margin imposed for the last 5 trading days, including the expiry date of the Guar gum contract. The additional margin will be added to the normal exposure margin and will be increased by 2% everyday for the last 5 trading days including expiry date of the contract. All provisions relating to additional margin as contained in our Circular No NCDEX/RISK-007/2005/084 dated April 12, 2005 or any further modifications therein as may be notified by the Exchange from time to time shall apply to above stated additional margin.

Delivery Margin In case of open positions materializing into physical delivery, delivery margins as may be determined by the Exchange from time to time will be charged. The delivery margins will be calculated based on the number of days required for completing the physical delivery settlement (the look-ahead period and the risks arising thereof).



Penalty for cash settlement

A penalty will be imposed on sellers with open positions on the expiry of contract who chose not to deliver the commodity. The penalty amount for Guar gum will be 3% of Final Settlement Price (FSP).

Ten percent (10%) of the penalty amount shall be retained by the Exchange and the balance ninety percent (90%) shall be paid to the buyers with open positions to whom the deliveries have not been made

Arbitration Disputes between NCDEX members inter-se and between members and constituents, arising out of or pertaining to trades done on NCDEX shall be settled through arbitration. The arbitration proceedings and appointment of arbitrators shall be as governed by the Bye-laws and Regulations of NCDEX.



Chapter 2

Delivery Procedures

Unit of Delivery The minimum unit of delivery for Guar gum shall be 5 MT.

Delivery Size Delivery is to be offered and accepted in lots of 5 Metric Tons or multiples thereof. A Quantity variation of +/- 2% with applicable rates is available as per contract specifications.

Quality Standards The contract grade for delivery of Guar gum futures contracts made under NCDEX Regulations shall be Guar gum conforming to the quality specification indicated in Exhibit 1. No lower grade/ quality below the stated specifications shall be accepted in satisfaction of futures contract delivery except as provided in the contract specifications.

Accredited Warehouse NCDEX has accredited warehouse for receipt and delivery of Guar gum. Receipt and delivery of Guar gum will be undertaken only from the accredited warehouse. The details of NCDEX accredited warehouse is as per Exhibit 2.

Guar gum Delivery The delivery of Guar gum is effected by sellers providing delivery information to the Exchange during trading hours on the last three trading days prior to the expiration of the contract (including the date of expiry) and upto 5.00 PM on the day of expiry of the contract through the delivery request window in NCDEX Trading Terminal. The Guar gum received at the warehouse will be tested and certified by NCDEX approved Assayer before acceptance as good delivery in the warehouse. Likewise, Guar gum delivered to buyers will be from the accredited warehouse only.

Packaging Guar gum delivered shall be packed in clean, dry, sound, single, new or un-mended B-Twill jute bags in merchantable condition and the mouth of the bag stitched disallowing sweating/spilling. The bag must not be marked and/or stenciled other than with the bag manufacture’s quality indicating mark. The packaging of Guar gum should be in standard bags of 80 Kgs. only (Net weight). The weight of the Guar gum packaging bag shall be not less than 800 grams and should also be having polyliner inside.



Standard Allowances The standard allowances towards loss arising on account of sample weight per validation of quality and spillage shall be upto 0.20% of each lot delivered/revalidated.

At the time of deposit:

The quantity credited will be the actual quantity delivered at the tested moisture level, after providing for standard allowances on account of spillage and sampling.

At the time of withdrawal/revalidation:

The weight of lot delivered/revalidated at the time of withdrawal/revalidation shall be adjusted to moisture level at the time of deposit/revalidation whichever is later and such adjustment shall be over and above the standard allowances mentioned above.

Good/Bad delivery Norms Guar gum delivery into NCDEX designated warehouse would constitute either good delivery or bad delivery based on the good/bad delivery norms as per Exhibit 3. The list contained in Exhibit 3 is only illustrative and not exhaustive. NCDEX would from time to time review and update the good and bad delivery norms based on the trade/industry practices.

Accredited Assayer NCDEX has approved Assayer J.B. Boda Surveyors Private Limited for quality testing and certification of Guar gum received at the designated warehouse. The quality testing and certification of Guar gum will be undertaken only by such approved Assayer.

Assayer Certificate Testing and quality certificate issued by NCDEX approved Assayer for Guar gum delivered at designated warehouse in Jodhpur shall be acceptable and binding on all parties. Each delivery of Guar gum at the warehouse must be accompanied by a certificate from NCDEX approved assayer in the prescribed format as per Exhibit 4.

Guar gum Sampling Guar gum samples shall be drawn by NCDEX approved Assayer at the time of delivery / storage at the accredited warehouse. The samples drawn will be from the packaged bags constituting lot of 5/10 MT. A sample size of about 20 gms. from each bag is taken to make a total sample size of 1.5 to 2.0 Kgs. The sample portions drawn will be packed in clean, dry containers or plastic sachets and shall be marked to recognize NCDEX member identity, quantity, date, time etc. Samples drawn will be equated into four parts. One part will be utilized for testing and certification by the Assayer. The second part will be retained by the Assayer. The third part will be retained as NCDEX referee sample and the fourth part will be given to the depositor.



Weight The quantities of Guar gum received at the NCDEX accredited warehouse would be determined/calculated by the weighbridge/weigh scale at the premises of such warehouse or at the weighbridge recognized by such warehouse and the quantity so determined would be binding on all parties.

Testing Procedure The Guar gum samples collected will be tested as per standard test methods prescribed in ISI IS 7437. The sample size is then checked visually for ‘Residue on Seive’ and ‘Specks’. Thereafter chemical analysis will be carried out to determine the level of moisture, residue insoluble in acid and protein.

Validity Period The validity period of the Assayer Certificate for Guar gum is 6 month or till the first withdrawal from the warehouse whichever is earlier.

Electronic Transfer Any buyer or seller receiving and or effecting Guar gum delivery would have to open a depository account with an NCDEX empanelled Depository Participant (DP) to hold the Guar gum in electronic form. On settlement, the buyer’s account with the DP would be credited with the quantity of Guar gum received and the corresponding seller’s account would be debited. The Buyer wanting to take physical delivery of Guar gum holding has to make a request in the prescribed form to his DP, with whom depository account has been opened. The DP would route the request to the warehouse who would issue the physical commodity i.e.: Guar gum to the buyer and debit his account, thus reducing the electronic balance to the extent of Guar gum rematerialized.

Delivery Allocation The Exchange would compile delivery information received from the selling members on the last trading day, i.e. 20th of the month or such other day as specified in Chapter I above. The buyers who have to receive delivery would be notified on the same day after the close of trading hours. Delivery of Guar gum is to be accepted by buyers at the accredited warehouse where the seller effects delivery in accordance with the contract specifications.

Actual Delivery Where Guar gum is sold for delivery in a specified month, the seller must have requisite electronic credit of such Guar gum holding in his Clearing Member’s Pool Account before the scheduled date of pay in. On settlement, the buyer’s Clearing Member Pool Account would be credited with the said delivery quantity after pay out. The clearing member is expected to transfer the same to the buyer’s depository account. However, the buyer must take actual physical delivery of Guar gum before expiry of the validity



date as indicated in the quality test report/Assayer’s Certificate of the Assayer or get the same revalidated.

Charges All charges and costs payable to the designated warehouse towards delivery of Guar gum including sampling, grading, weighing, handling charges, storage etc. from the date of receipt into designated warehouse upto date of pay in & settlement shall be paid by the seller. All charges and costs after the pay out shall be borne by the buyer. Warehouse storage charges will be charged to the member client by the respective Depository Participant. The Assayer charges for testing and quality certification should be paid to the Assayer directly at the delivery location either by cash / cheque / demand draft.

Duties & Levies All duties, levies etc. up to the point of sale will have to be fully paid by the seller and shall be paid to the concerned authority. All related documentation should be fully complied with and completed before delivery of Guar gum into the NCDEX accredited warehouse.

Stamp duty Stamp duty is payable on all contract notes issued as may be applicable in the State from where the contract note is issued or as per the Stamp Act of the State in which such contract note is received by the client if the client is located in other State.

Taxes

Sales Tax / Value Added Tax (VAT) Local Sales Tax/VAT wherever applicable is to be paid by seller to the Sales Tax/VAT authorities on all contracts resulting in delivery. Members and / or their constituents requiring to receive or deliver Guar gum should register with the relevant Sales Tax/VAT authorities of the place where the delivery is proposed to be received/given. In the event of sales tax exemption, such exemption certificate should be submitted before settlement of the obligation. There will be no exemptions on account of resale or second sale in VAT regime.

Service Tax Service tax will be payable by the members of commodity exchanges on the gross amount charged by them from their clients on account of dealing in commodities.

Premium/Discount Guar gum confirming to contract specification and delivered to NCDEX designated warehouse will be graded and stored. Due to quality variations, premium /discount will be determined by the Exchange. The decision of the exchange in determination of premium / discount is final and binding on all market participants.



GAUR GUM Premium/ Discount Matrix

Undehusked splits %

Undehusked splits %

Through 20% mesh

Through 20% mesh

Moisture Moisture Foreign Matter

Foreign Matter

FINAL GRADE

Discount in %

1 0 1 0 1 0 1 0 GUM1111 0 1 0 1 0 1 0 2 0.1 GUM1112 0.1 1 0 1 0 1 0 3 0.2 GUM1113 0.2 1 0 1 0 1 0 4 0.3 GUM1114 0.3 1 0 1 0 1 0 5 0.4 GUM1115 0.4 1 0 1 0 1 0 6 0.5 GUM1116 0.5 1 0 1 0 1 0 7 0.6 GUM1117 0.6 1 0 1 0 2 0.5 1 0 GUM1121 0.5 1 0 1 0 2 0.5 2 0.1 GUM1122 0.6 1 0 1 0 2 0.5 3 0.2 GUM1123 0.7 1 0 1 0 2 0.5 4 0.3 GUM1124 0.8 1 0 1 0 2 0.5 5 0.4 GUM1125 0.9 1 0 1 0 2 0.5 6 0.5 GUM1126 1 1 0 1 0 2 0.5 7 0.6 GUM1127 1.1 1 0 1 0 3 1 1 0 GUM1131 1 1 0 1 0 3 1 2 0.1 GUM1132 1.1 1 0 1 0 3 1 3 0.2 GUM1133 1.2 1 0 1 0 3 1 4 0.3 GUM1134 1.3 1 0 1 0 3 1 5 0.4 GUM1135 1.4 1 0 1 0 3 1 6 0.5 GUM1136 1.5 1 0 1 0 3 1 7 0.6 GUM1137 1.6 1 0 1 0 4 1.5 1 0 GUM1141 1.5 1 0 1 0 4 1.5 2 0.1 GUM1142 1.6 1 0 1 0 4 1.5 3 0.2 GUM1143 1.7 1 0 1 0 4 1.5 4 0.3 GUM1144 1.8 1 0 1 0 4 1.5 5 0.4 GUM1145 1.9 1 0 1 0 4 1.5 6 0.5 GUM1146 2 1 0 1 0 4 1.5 7 0.6 GUM1147 2.1 1 0 1 0 5 2 1 0 GUM1151 2 1 0 1 0 5 2 2 0.1 GUM1152 2.1 1 0 1 0 5 2 3 0.2 GUM1153 2.2 1 0 1 0 5 2 4 0.3 GUM1154 2.3 1 0 1 0 5 2 5 0.4 GUM1155 2.4 1 0 1 0 5 2 6 0.5 GUM1156 2.5 1 0 1 0 5 2 7 0.6 GUM1157 2.6 1 0 2 0.05 1 0 1 0 GUM1211 0.05



1 0 2 0.05 1 0 2 0.1 GUM1212 0.15 1 0 2 0.05 1 0 3 0.2 GUM1213 0.25 1 0 2 0.05 1 0 4 0.3 GUM1214 0.35 1 0 2 0.05 1 0 5 0.4 GUM1215 0.45 1 0 2 0.05 1 0 6 0.5 GUM1216 0.55 1 0 2 0.05 1 0 7 0.6 GUM1217 0.65 1 0 2 0.05 2 0.5 1 0 GUM1221 0.55 1 0 2 0.05 2 0.5 2 0.1 GUM1222 0.65 1 0 2 0.05 2 0.5 3 0.2 GUM1223 0.75 1 0 2 0.05 2 0.5 4 0.3 GUM1224 0.85 1 0 2 0.05 2 0.5 5 0.4 GUM1225 0.95 1 0 2 0.05 2 0.5 6 0.5 GUM1226 1.05 1 0 2 0.05 2 0.5 7 0.6 GUM1227 1.15 1 0 2 0.05 3 1 1 0 GUM1231 1.05 1 0 2 0.05 3 1 2 0.1 GUM1232 1.15 1 0 2 0.05 3 1 3 0.2 GUM1233 1.25 1 0 2 0.05 3 1 4 0.3 GUM1234 1.35 1 0 2 0.05 3 1 5 0.4 GUM1235 1.45 1 0 2 0.05 3 1 6 0.5 GUM1236 1.55 1 0 2 0.05 3 1 7 0.6 GUM1237 1.65 1 0 2 0.05 4 1.5 1 0 GUM1241 1.55 1 0 2 0.05 4 1.5 2 0.1 GUM1242 1.65 1 0 2 0.05 4 1.5 3 0.2 GUM1243 1.75 1 0 2 0.05 4 1.5 4 0.3 GUM1244 1.85 1 0 2 0.05 4 1.5 5 0.4 GUM1245 1.95 1 0 2 0.05 4 1.5 6 0.5 GUM1246 2.05 1 0 2 0.05 4 1.5 7 0.6 GUM1247 2.15 1 0 2 0.05 5 2 1 0 GUM1251 2.05 1 0 2 0.05 5 2 2 0.1 GUM1252 2.15 1 0 2 0.05 5 2 3 0.2 GUM1253 2.25 1 0 2 0.05 5 2 4 0.3 GUM1254 2.35 1 0 2 0.05 5 2 5 0.4 GUM1255 2.45 1 0 2 0.05 5 2 6 0.5 GUM1256 2.55 1 0 2 0.05 5 2 7 0.6 GUM1257 2.65 1 0 3 0.1 1 0 1 0 GUM1311 0.1 1 0 3 0.1 1 0 2 0.1 GUM1312 0.2 1 0 3 0.1 1 0 3 0.2 GUM1313 0.3 1 0 3 0.1 1 0 4 0.3 GUM1314 0.4 1 0 3 0.1 1 0 5 0.4 GUM1315 0.5 1 0 3 0.1 1 0 6 0.5 GUM1316 0.6 1 0 3 0.1 1 0 7 0.6 GUM1317 0.7 1 0 3 0.1 2 0.5 1 0 GUM1321 0.6 1 0 3 0.1 2 0.5 2 0.1 GUM1322 0.7



1 0 3 0.1 2 0.5 3 0.2 GUM1323 0.8 1 0 3 0.1 2 0.5 4 0.3 GUM1324 0.9 1 0 3 0.1 2 0.5 5 0.4 GUM1325 1 1 0 3 0.1 2 0.5 6 0.5 GUM1326 1.1 1 0 3 0.1 2 0.5 7 0.6 GUM1327 1.2 1 0 3 0.1 3 1 1 0 GUM1331 1.1 1 0 3 0.1 3 1 2 0.1 GUM1332 1.2 1 0 3 0.1 3 1 3 0.2 GUM1333 1.3 1 0 3 0.1 3 1 4 0.3 GUM1334 1.4 1 0 3 0.1 3 1 5 0.4 GUM1335 1.5 1 0 3 0.1 3 1 6 0.5 GUM1336 1.6 1 0 3 0.1 3 1 7 0.6 GUM1337 1.7 1 0 3 0.1 4 1.5 1 0 GUM1341 1.6 1 0 3 0.1 4 1.5 2 0.1 GUM1342 1.7 1 0 3 0.1 4 1.5 3 0.2 GUM1343 1.8 1 0 3 0.1 4 1.5 4 0.3 GUM1344 1.9 1 0 3 0.1 4 1.5 5 0.4 GUM1345 2 1 0 3 0.1 4 1.5 6 0.5 GUM1346 2.1 1 0 3 0.1 4 1.5 7 0.6 GUM1347 2.2 1 0 3 0.1 5 2 1 0 GUM1351 2.1 1 0 3 0.1 5 2 2 0.1 GUM1352 2.2 1 0 3 0.1 5 2 3 0.2 GUM1353 2.3 1 0 3 0.1 5 2 4 0.3 GUM1354 2.4 1 0 3 0.1 5 2 5 0.4 GUM1355 2.5 1 0 3 0.1 5 2 6 0.5 GUM1356 2.6 1 0 3 0.1 5 2 7 0.6 GUM1357 2.7 1 0 4 0.15 1 0 1 0 GUM1411 0.15 1 0 4 0.15 1 0 2 0.1 GUM1412 0.25 1 0 4 0.15 1 0 3 0.2 GUM1413 0.35 1 0 4 0.15 1 0 4 0.3 GUM1414 0.45 1 0 4 0.15 1 0 5 0.4 GUM1415 0.55 1 0 4 0.15 1 0 6 0.5 GUM1416 0.65 1 0 4 0.15 1 0 7 0.6 GUM1417 0.75 1 0 4 0.15 2 0.5 1 0 GUM1421 0.65 1 0 4 0.15 2 0.5 2 0.1 GUM1422 0.75 1 0 4 0.15 2 0.5 3 0.2 GUM1423 0.85 1 0 4 0.15 2 0.5 4 0.3 GUM1424 0.95 1 0 4 0.15 2 0.5 5 0.4 GUM1425 1.05 1 0 4 0.15 2 0.5 6 0.5 GUM1426 1.15 1 0 4 0.15 2 0.5 7 0.6 GUM1427 1.25 1 0 4 0.15 3 1 1 0 GUM1431 1.15 1 0 4 0.15 3 1 2 0.1 GUM1432 1.25 1 0 4 0.15 3 1 3 0.2 GUM1433 1.35



1 0 4 0.15 3 1 4 0.3 GUM1434 1.45 1 0 4 0.15 3 1 5 0.4 GUM1435 1.55 1 0 4 0.15 3 1 6 0.5 GUM1436 1.65 1 0 4 0.15 3 1 7 0.6 GUM1437 1.75 1 0 4 0.15 4 1.5 1 0 GUM1441 1.65 1 0 4 0.15 4 1.5 2 0.1 GUM1442 1.75 1 0 4 0.15 4 1.5 3 0.2 GUM1443 1.85 1 0 4 0.15 4 1.5 4 0.3 GUM1444 1.95 1 0 4 0.15 4 1.5 5 0.4 GUM1445 2.05 1 0 4 0.15 4 1.5 6 0.5 GUM1446 2.15 1 0 4 0.15 4 1.5 7 0.6 GUM1447 2.25 1 0 4 0.15 5 2 1 0 GUM1451 2.15 1 0 4 0.15 5 2 2 0.1 GUM1452 2.25 1 0 4 0.15 5 2 3 0.2 GUM1453 2.35 1 0 4 0.15 5 2 4 0.3 GUM1454 2.45 1 0 4 0.15 5 2 5 0.4 GUM1455 2.55 1 0 4 0.15 5 2 6 0.5 GUM1456 2.65 1 0 4 0.15 5 2 7 0.6 GUM1457 2.75 2 0.25 1 0 1 0 1 0 GUM2111 0.25 2 0.25 1 0 1 0 2 0.1 GUM2112 0.35 2 0.25 1 0 1 0 3 0.2 GUM2113 0.45 2 0.25 1 0 1 0 4 0.3 GUM2114 0.55 2 0.25 1 0 1 0 5 0.4 GUM2115 0.65 2 0.25 1 0 1 0 6 0.5 GUM2116 0.75 2 0.25 1 0 1 0 7 0.6 GUM2117 0.85 2 0.25 1 0 2 0.5 1 0 GUM2121 0.75 2 0.25 1 0 2 0.5 2 0.1 GUM2122 0.85 2 0.25 1 0 2 0.5 3 0.2 GUM2123 0.95 2 0.25 1 0 2 0.5 4 0.3 GUM2124 1.05 2 0.25 1 0 2 0.5 5 0.4 GUM2125 1.15 2 0.25 1 0 2 0.5 6 0.5 GUM2126 1.25 2 0.25 1 0 2 0.5 7 0.6 GUM2127 1.35 2 0.25 1 0 3 1 1 0 GUM2131 1.25 2 0.25 1 0 3 1 2 0.1 GUM2132 1.35 2 0.25 1 0 3 1 3 0.2 GUM2133 1.45 2 0.25 1 0 3 1 4 0.3 GUM2134 1.55 2 0.25 1 0 3 1 5 0.4 GUM2135 1.65 2 0.25 1 0 3 1 6 0.5 GUM2136 1.75 2 0.25 1 0 3 1 7 0.6 GUM2137 1.85 2 0.25 1 0 4 1.5 1 0 GUM2141 1.75 2 0.25 1 0 4 1.5 2 0.1 GUM2142 1.85 2 0.25 1 0 4 1.5 3 0.2 GUM2143 1.95 2 0.25 1 0 4 1.5 4 0.3 GUM2144 2.05



2 0.25 1 0 4 1.5 5 0.4 GUM2145 2.15 2 0.25 1 0 4 1.5 6 0.5 GUM2146 2.25 2 0.25 1 0 4 1.5 7 0.6 GUM2147 2.35 2 0.25 1 0 5 2 1 0 GUM2151 2.25 2 0.25 1 0 5 2 2 0.1 GUM2152 2.35 2 0.25 1 0 5 2 3 0.2 GUM2153 2.45 2 0.25 1 0 5 2 4 0.3 GUM2154 2.55 2 0.25 1 0 5 2 5 0.4 GUM2155 2.65 2 0.25 1 0 5 2 6 0.5 GUM2156 2.75 2 0.25 1 0 5 2 7 0.6 GUM2157 2.85 2 0.25 2 0.05 1 0 1 0 GUM2211 0.3 2 0.25 2 0.05 1 0 2 0.1 GUM2212 0.4 2 0.25 2 0.05 1 0 3 0.2 GUM2213 0.5 2 0.25 2 0.05 1 0 4 0.3 GUM2214 0.6 2 0.25 2 0.05 1 0 5 0.4 GUM2215 0.7 2 0.25 2 0.05 1 0 6 0.5 GUM2216 0.8 2 0.25 2 0.05 1 0 7 0.6 GUM2217 0.9 2 0.25 2 0.05 2 0.5 1 0 GUM2221 0.8 2 0.25 2 0.05 2 0.5 2 0.1 GUM2222 0.9 2 0.25 2 0.05 2 0.5 3 0.2 GUM2223 1 2 0.25 2 0.05 2 0.5 4 0.3 GUM2224 1.1 2 0.25 2 0.05 2 0.5 5 0.4 GUM2225 1.2 2 0.25 2 0.05 2 0.5 6 0.5 GUM2226 1.3 2 0.25 2 0.05 2 0.5 7 0.6 GUM2227 1.4 2 0.25 2 0.05 3 1 1 0 GUM2231 1.3 2 0.25 2 0.05 3 1 2 0.1 GUM2232 1.4 2 0.25 2 0.05 3 1 3 0.2 GUM2233 1.5 2 0.25 2 0.05 3 1 4 0.3 GUM2234 1.6 2 0.25 2 0.05 3 1 5 0.4 GUM2235 1.7 2 0.25 2 0.05 3 1 6 0.5 GUM2236 1.8 2 0.25 2 0.05 3 1 7 0.6 GUM2237 1.9 2 0.25 2 0.05 4 1.5 1 0 GUM2241 1.8 2 0.25 2 0.05 4 1.5 2 0.1 GUM2242 1.9 2 0.25 2 0.05 4 1.5 3 0.2 GUM2243 2 2 0.25 2 0.05 4 1.5 4 0.3 GUM2244 2.1 2 0.25 2 0.05 4 1.5 5 0.4 GUM2245 2.2 2 0.25 2 0.05 4 1.5 6 0.5 GUM2246 2.3 2 0.25 2 0.05 4 1.5 7 0.6 GUM2247 2.4 2 0.25 2 0.05 5 2 1 0 GUM2251 2.3 2 0.25 2 0.05 5 2 2 0.1 GUM2252 2.4 2 0.25 2 0.05 5 2 3 0.2 GUM2253 2.5 2 0.25 2 0.05 5 2 4 0.3 GUM2254 2.6 2 0.25 2 0.05 5 2 5 0.4 GUM2255 2.7



2 0.25 2 0.05 5 2 6 0.5 GUM2256 2.8 2 0.25 2 0.05 5 2 7 0.6 GUM2257 2.9 2 0.25 3 0.1 1 0 1 0 GUM2311 0.35 2 0.25 3 0.1 1 0 2 0.1 GUM2312 0.45 2 0.25 3 0.1 1 0 3 0.2 GUM2313 0.55 2 0.25 3 0.1 1 0 4 0.3 GUM2314 0.65 2 0.25 3 0.1 1 0 5 0.4 GUM2315 0.75 2 0.25 3 0.1 1 0 6 0.5 GUM2316 0.85 2 0.25 3 0.1 1 0 7 0.6 GUM2317 0.95 2 0.25 3 0.1 2 0.5 1 0 GUM2321 0.85 2 0.25 3 0.1 2 0.5 2 0.1 GUM2322 0.95 2 0.25 3 0.1 2 0.5 3 0.2 GUM2323 1.05 2 0.25 3 0.1 2 0.5 4 0.3 GUM2324 1.15 2 0.25 3 0.1 2 0.5 5 0.4 GUM2325 1.25 2 0.25 3 0.1 2 0.5 6 0.5 GUM2326 1.35 2 0.25 3 0.1 2 0.5 7 0.6 GUM2327 1.45 2 0.25 3 0.1 3 1 1 0 GUM2331 1.35 2 0.25 3 0.1 3 1 2 0.1 GUM2332 1.45 2 0.25 3 0.1 3 1 3 0.2 GUM2333 1.55 2 0.25 3 0.1 3 1 4 0.3 GUM2334 1.65 2 0.25 3 0.1 3 1 5 0.4 GUM2335 1.75 2 0.25 3 0.1 3 1 6 0.5 GUM2336 1.85 2 0.25 3 0.1 3 1 7 0.6 GUM2337 1.95 2 0.25 3 0.1 4 1.5 1 0 GUM2341 1.85 2 0.25 3 0.1 4 1.5 2 0.1 GUM2342 1.95 2 0.25 3 0.1 4 1.5 3 0.2 GUM2343 2.05 2 0.25 3 0.1 4 1.5 4 0.3 GUM2344 2.15 2 0.25 3 0.1 4 1.5 5 0.4 GUM2345 2.25 2 0.25 3 0.1 4 1.5 6 0.5 GUM2346 2.35 2 0.25 3 0.1 4 1.5 7 0.6 GUM2347 2.45 2 0.25 3 0.1 5 2 1 0 GUM2351 2.35 2 0.25 3 0.1 5 2 2 0.1 GUM2352 2.45 2 0.25 3 0.1 5 2 3 0.2 GUM2353 2.55 2 0.25 3 0.1 5 2 4 0.3 GUM2354 2.65 2 0.25 3 0.1 5 2 5 0.4 GUM2355 2.75 2 0.25 3 0.1 5 2 6 0.5 GUM2356 2.85 2 0.25 3 0.1 5 2 7 0.6 GUM2357 2.95 2 0.25 4 0.15 1 0 1 0 GUM2411 0.4 2 0.25 4 0.15 1 0 2 0.1 GUM2412 0.5 2 0.25 4 0.15 1 0 3 0.2 GUM2413 0.6 2 0.25 4 0.15 1 0 4 0.3 GUM2414 0.7 2 0.25 4 0.15 1 0 5 0.4 GUM2415 0.8 2 0.25 4 0.15 1 0 6 0.5 GUM2416 0.9



2 0.25 4 0.15 1 0 7 0.6 GUM2417 1 2 0.25 4 0.15 2 0.5 1 0 GUM2421 0.9 2 0.25 4 0.15 2 0.5 2 0.1 GUM2422 1 2 0.25 4 0.15 2 0.5 3 0.2 GUM2423 1.1 2 0.25 4 0.15 2 0.5 4 0.3 GUM2424 1.2 2 0.25 4 0.15 2 0.5 5 0.4 GUM2425 1.3 2 0.25 4 0.15 2 0.5 6 0.5 GUM2426 1.4 2 0.25 4 0.15 2 0.5 7 0.6 GUM2427 1.5 2 0.25 4 0.15 3 1 1 0 GUM2431 1.4 2 0.25 4 0.15 3 1 2 0.1 GUM2432 1.5 2 0.25 4 0.15 3 1 3 0.2 GUM2433 1.6 2 0.25 4 0.15 3 1 4 0.3 GUM2434 1.7 2 0.25 4 0.15 3 1 5 0.4 GUM2435 1.8 2 0.25 4 0.15 3 1 6 0.5 GUM2436 1.9 2 0.25 4 0.15 3 1 7 0.6 GUM2437 2 2 0.25 4 0.15 4 1.5 1 0 GUM2441 1.9 2 0.25 4 0.15 4 1.5 2 0.1 GUM2442 2 2 0.25 4 0.15 4 1.5 3 0.2 GUM2443 2.1 2 0.25 4 0.15 4 1.5 4 0.3 GUM2444 2.2 2 0.25 4 0.15 4 1.5 5 0.4 GUM2445 2.3 2 0.25 4 0.15 4 1.5 6 0.5 GUM2446 2.4 2 0.25 4 0.15 4 1.5 7 0.6 GUM2447 2.5 2 0.25 4 0.15 5 2 1 0 GUM2451 2.4 2 0.25 4 0.15 5 2 2 0.1 GUM2452 2.5 2 0.25 4 0.15 5 2 3 0.2 GUM2453 2.6 2 0.25 4 0.15 5 2 4 0.3 GUM2454 2.7 2 0.25 4 0.15 5 2 5 0.4 GUM2455 2.8 2 0.25 4 0.15 5 2 6 0.5 GUM2456 2.9 2 0.25 4 0.15 5 2 7 0.6 GUM2457 3 3 0.5 1 0 1 0 1 0 GUM3111 0.5 3 0.5 1 0 1 0 2 0.1 GUM3112 0.6 3 0.5 1 0 1 0 3 0.2 GUM3113 0.7 3 0.5 1 0 1 0 4 0.3 GUM3114 0.8 3 0.5 1 0 1 0 5 0.4 GUM3115 0.9 3 0.5 1 0 1 0 6 0.5 GUM3116 1 3 0.5 1 0 1 0 7 0.6 GUM3117 1.1 3 0.5 1 0 2 0.5 1 0 GUM3121 1 3 0.5 1 0 2 0.5 2 0.1 GUM3122 1.1 3 0.5 1 0 2 0.5 3 0.2 GUM3123 1.2 3 0.5 1 0 2 0.5 4 0.3 GUM3124 1.3 3 0.5 1 0 2 0.5 5 0.4 GUM3125 1.4 3 0.5 1 0 2 0.5 6 0.5 GUM3126 1.5 3 0.5 1 0 2 0.5 7 0.6 GUM3127 1.6



3 0.5 1 0 3 1 1 0 GUM3131 1.5 3 0.5 1 0 3 1 2 0.1 GUM3132 1.6 3 0.5 1 0 3 1 3 0.2 GUM3133 1.7 3 0.5 1 0 3 1 4 0.3 GUM3134 1.8 3 0.5 1 0 3 1 5 0.4 GUM3135 1.9 3 0.5 1 0 3 1 6 0.5 GUM3136 2 3 0.5 1 0 3 1 7 0.6 GUM3137 2.1 3 0.5 1 0 4 1.5 1 0 GUM3141 2 3 0.5 1 0 4 1.5 2 0.1 GUM3142 2.1 3 0.5 1 0 4 1.5 3 0.2 GUM3143 2.2 3 0.5 1 0 4 1.5 4 0.3 GUM3144 2.3 3 0.5 1 0 4 1.5 5 0.4 GUM3145 2.4 3 0.5 1 0 4 1.5 6 0.5 GUM3146 2.5 3 0.5 1 0 4 1.5 7 0.6 GUM3147 2.6 3 0.5 1 0 5 2 1 0 GUM3151 2.5 3 0.5 1 0 5 2 2 0.1 GUM3152 2.6 3 0.5 1 0 5 2 3 0.2 GUM3153 2.7 3 0.5 1 0 5 2 4 0.3 GUM3154 2.8 3 0.5 1 0 5 2 5 0.4 GUM3155 2.9 3 0.5 1 0 5 2 6 0.5 GUM3156 3 3 0.5 1 0 5 2 7 0.6 GUM3157 3.1 3 0.5 2 0.05 1 0 1 0 GUM3211 0.55 3 0.5 2 0.05 1 0 2 0.1 GUM3212 0.65 3 0.5 2 0.05 1 0 3 0.2 GUM3213 0.75 3 0.5 2 0.05 1 0 4 0.3 GUM3214 0.85 3 0.5 2 0.05 1 0 5 0.4 GUM3215 0.95 3 0.5 2 0.05 1 0 6 0.5 GUM3216 1.05 3 0.5 2 0.05 1 0 7 0.6 GUM3217 1.15 3 0.5 2 0.05 2 0.5 1 0 GUM3221 1.05 3 0.5 2 0.05 2 0.5 2 0.1 GUM3222 1.15 3 0.5 2 0.05 2 0.5 3 0.2 GUM3223 1.25 3 0.5 2 0.05 2 0.5 4 0.3 GUM3224 1.35 3 0.5 2 0.05 2 0.5 5 0.4 GUM3225 1.45 3 0.5 2 0.05 2 0.5 6 0.5 GUM3226 1.55 3 0.5 2 0.05 2 0.5 7 0.6 GUM3227 1.65 3 0.5 2 0.05 3 1 1 0 GUM3231 1.55 3 0.5 2 0.05 3 1 2 0.1 GUM3232 1.65 3 0.5 2 0.05 3 1 3 0.2 GUM3233 1.75 3 0.5 2 0.05 3 1 4 0.3 GUM3234 1.85 3 0.5 2 0.05 3 1 5 0.4 GUM3235 1.95 3 0.5 2 0.05 3 1 6 0.5 GUM3236 2.05 3 0.5 2 0.05 3 1 7 0.6 GUM3237 2.15 3 0.5 2 0.05 4 1.5 1 0 GUM3241 2.05



3 0.5 2 0.05 4 1.5 2 0.1 GUM3242 2.15 3 0.5 2 0.05 4 1.5 3 0.2 GUM3243 2.25 3 0.5 2 0.05 4 1.5 4 0.3 GUM3244 2.35 3 0.5 2 0.05 4 1.5 5 0.4 GUM3245 2.45 3 0.5 2 0.05 4 1.5 6 0.5 GUM3246 2.55 3 0.5 2 0.05 4 1.5 7 0.6 GUM3247 2.65 3 0.5 2 0.05 5 2 1 0 GUM3251 2.55 3 0.5 2 0.05 5 2 2 0.1 GUM3252 2.65 3 0.5 2 0.05 5 2 3 0.2 GUM3253 2.75 3 0.5 2 0.05 5 2 4 0.3 GUM3254 2.85 3 0.5 2 0.05 5 2 5 0.4 GUM3255 2.95 3 0.5 2 0.05 5 2 6 0.5 GUM3256 3.05 3 0.5 2 0.05 5 2 7 0.6 GUM3257 3.15 3 0.5 3 0.1 1 0 1 0 GUM3311 0.6 3 0.5 3 0.1 1 0 2 0.1 GUM3312 0.7 3 0.5 3 0.1 1 0 3 0.2 GUM3313 0.8 3 0.5 3 0.1 1 0 4 0.3 GUM3314 0.9 3 0.5 3 0.1 1 0 5 0.4 GUM3315 1 3 0.5 3 0.1 1 0 6 0.5 GUM3316 1.1 3 0.5 3 0.1 1 0 7 0.6 GUM3317 1.2 3 0.5 3 0.1 2 0.5 1 0 GUM3321 1.1 3 0.5 3 0.1 2 0.5 2 0.1 GUM3322 1.2 3 0.5 3 0.1 2 0.5 3 0.2 GUM3323 1.3 3 0.5 3 0.1 2 0.5 4 0.3 GUM3324 1.4 3 0.5 3 0.1 2 0.5 5 0.4 GUM3325 1.5 3 0.5 3 0.1 2 0.5 6 0.5 GUM3326 1.6 3 0.5 3 0.1 2 0.5 7 0.6 GUM3327 1.7 3 0.5 3 0.1 3 1 1 0 GUM3331 1.6 3 0.5 3 0.1 3 1 2 0.1 GUM3332 1.7 3 0.5 3 0.1 3 1 3 0.2 GUM3333 1.8 3 0.5 3 0.1 3 1 4 0.3 GUM3334 1.9 3 0.5 3 0.1 3 1 5 0.4 GUM3335 2 3 0.5 3 0.1 3 1 6 0.5 GUM3336 2.1 3 0.5 3 0.1 3 1 7 0.6 GUM3337 2.2 3 0.5 3 0.1 4 1.5 1 0 GUM3341 2.1 3 0.5 3 0.1 4 1.5 2 0.1 GUM3342 2.2 3 0.5 3 0.1 4 1.5 3 0.2 GUM3343 2.3 3 0.5 3 0.1 4 1.5 4 0.3 GUM3344 2.4 3 0.5 3 0.1 4 1.5 5 0.4 GUM3345 2.5 3 0.5 3 0.1 4 1.5 6 0.5 GUM3346 2.6 3 0.5 3 0.1 4 1.5 7 0.6 GUM3347 2.7 3 0.5 3 0.1 5 2 1 0 GUM3351 2.6 3 0.5 3 0.1 5 2 2 0.1 GUM3352 2.7



3 0.5 3 0.1 5 2 3 0.2 GUM3353 2.8 3 0.5 3 0.1 5 2 4 0.3 GUM3354 2.9 3 0.5 3 0.1 5 2 5 0.4 GUM3355 3 3 0.5 3 0.1 5 2 6 0.5 GUM3356 3.1 3 0.5 3 0.1 5 2 7 0.6 GUM3357 3.2 3 0.5 4 0.15 1 0 1 0 GUM3411 0.65 3 0.5 4 0.15 1 0 2 0.1 GUM3412 0.75 3 0.5 4 0.15 1 0 3 0.2 GUM3413 0.85 3 0.5 4 0.15 1 0 4 0.3 GUM3414 0.95 3 0.5 4 0.15 1 0 5 0.4 GUM3415 1.05 3 0.5 4 0.15 1 0 6 0.5 GUM3416 1.15 3 0.5 4 0.15 1 0 7 0.6 GUM3417 1.25 3 0.5 4 0.15 2 0.5 1 0 GUM3421 1.15 3 0.5 4 0.15 2 0.5 2 0.1 GUM3422 1.25 3 0.5 4 0.15 2 0.5 3 0.2 GUM3423 1.35 3 0.5 4 0.15 2 0.5 4 0.3 GUM3424 1.45 3 0.5 4 0.15 2 0.5 5 0.4 GUM3425 1.55 3 0.5 4 0.15 2 0.5 6 0.5 GUM3426 1.65 3 0.5 4 0.15 2 0.5 7 0.6 GUM3427 1.75 3 0.5 4 0.15 3 1 1 0 GUM3431 1.65 3 0.5 4 0.15 3 1 2 0.1 GUM3432 1.75 3 0.5 4 0.15 3 1 3 0.2 GUM3433 1.85 3 0.5 4 0.15 3 1 4 0.3 GUM3434 1.95 3 0.5 4 0.15 3 1 5 0.4 GUM3435 2.05 3 0.5 4 0.15 3 1 6 0.5 GUM3436 2.15 3 0.5 4 0.15 3 1 7 0.6 GUM3437 2.25 3 0.5 4 0.15 4 1.5 1 0 GUM3441 2.15 3 0.5 4 0.15 4 1.5 2 0.1 GUM3442 2.25 3 0.5 4 0.15 4 1.5 3 0.2 GUM3443 2.35 3 0.5 4 0.15 4 1.5 4 0.3 GUM3444 2.45 3 0.5 4 0.15 4 1.5 5 0.4 GUM3445 2.55 3 0.5 4 0.15 4 1.5 6 0.5 GUM3446 2.65 3 0.5 4 0.15 4 1.5 7 0.6 GUM3447 2.75 3 0.5 4 0.15 5 2 1 0 GUM3451 2.65 3 0.5 4 0.15 5 2 2 0.1 GUM3452 2.75 3 0.5 4 0.15 5 2 3 0.2 GUM3453 2.85 3 0.5 4 0.15 5 2 4 0.3 GUM3454 2.95 3 0.5 4 0.15 5 2 5 0.4 GUM3455 3.05 3 0.5 4 0.15 5 2 6 0.5 GUM3456 3.15 3 0.5 4 0.15 5 2 7 0.6 GUM3457 3.25 4 0.75 1 0 1 0 1 0 GUM4111 0.75 4 0.75 1 0 1 0 2 0.1 GUM4112 0.85 4 0.75 1 0 1 0 3 0.2 GUM4113 0.95



4 0.75 1 0 1 0 4 0.3 GUM4114 1.05 4 0.75 1 0 1 0 5 0.4 GUM4115 1.15 4 0.75 1 0 1 0 6 0.5 GUM4116 1.25 4 0.75 1 0 1 0 7 0.6 GUM4117 1.35 4 0.75 1 0 2 0.5 1 0 GUM4121 1.25 4 0.75 1 0 2 0.5 2 0.1 GUM4122 1.35 4 0.75 1 0 2 0.5 3 0.2 GUM4123 1.45 4 0.75 1 0 2 0.5 4 0.3 GUM4124 1.55 4 0.75 1 0 2 0.5 5 0.4 GUM4125 1.65 4 0.75 1 0 2 0.5 6 0.5 GUM4126 1.75 4 0.75 1 0 2 0.5 7 0.6 GUM4127 1.85 4 0.75 1 0 3 1 1 0 GUM4131 1.75 4 0.75 1 0 3 1 2 0.1 GUM4132 1.85 4 0.75 1 0 3 1 3 0.2 GUM4133 1.95 4 0.75 1 0 3 1 4 0.3 GUM4134 2.05 4 0.75 1 0 3 1 5 0.4 GUM4135 2.15 4 0.75 1 0 3 1 6 0.5 GUM4136 2.25 4 0.75 1 0 3 1 7 0.6 GUM4137 2.35 4 0.75 1 0 4 1.5 1 0 GUM4141 2.25 4 0.75 1 0 4 1.5 2 0.1 GUM4142 2.35 4 0.75 1 0 4 1.5 3 0.2 GUM4143 2.45 4 0.75 1 0 4 1.5 4 0.3 GUM4144 2.55 4 0.75 1 0 4 1.5 5 0.4 GUM4145 2.65 4 0.75 1 0 4 1.5 6 0.5 GUM4146 2.75 4 0.75 1 0 4 1.5 7 0.6 GUM4147 2.85 4 0.75 1 0 5 2 1 0 GUM4151 2.75 4 0.75 1 0 5 2 2 0.1 GUM4152 2.85 4 0.75 1 0 5 2 3 0.2 GUM4153 2.95 4 0.75 1 0 5 2 4 0.3 GUM4154 3.05 4 0.75 1 0 5 2 5 0.4 GUM4155 3.15 4 0.75 1 0 5 2 6 0.5 GUM4156 3.25 4 0.75 1 0 5 2 7 0.6 GUM4157 3.35 4 0.75 2 0.05 1 0 1 0 GUM4211 0.8 4 0.75 2 0.05 1 0 2 0.1 GUM4212 0.9 4 0.75 2 0.05 1 0 3 0.2 GUM4213 1 4 0.75 2 0.05 1 0 4 0.3 GUM4214 1.1 4 0.75 2 0.05 1 0 5 0.4 GUM4215 1.2 4 0.75 2 0.05 1 0 6 0.5 GUM4216 1.3 4 0.75 2 0.05 1 0 7 0.6 GUM4217 1.4 4 0.75 2 0.05 2 0.5 1 0 GUM4221 1.3 4 0.75 2 0.05 2 0.5 2 0.1 GUM4222 1.4 4 0.75 2 0.05 2 0.5 3 0.2 GUM4223 1.5 4 0.75 2 0.05 2 0.5 4 0.3 GUM4224 1.6



4 0.75 2 0.05 2 0.5 5 0.4 GUM4225 1.7 4 0.75 2 0.05 2 0.5 6 0.5 GUM4226 1.8 4 0.75 2 0.05 2 0.5 7 0.6 GUM4227 1.9 4 0.75 2 0.05 3 1 1 0 GUM4231 1.8 4 0.75 2 0.05 3 1 2 0.1 GUM4232 1.9 4 0.75 2 0.05 3 1 3 0.2 GUM4233 2 4 0.75 2 0.05 3 1 4 0.3 GUM4234 2.1 4 0.75 2 0.05 3 1 5 0.4 GUM4235 2.2 4 0.75 2 0.05 3 1 6 0.5 GUM4236 2.3 4 0.75 2 0.05 3 1 7 0.6 GUM4237 2.4 4 0.75 2 0.05 4 1.5 1 0 GUM4241 2.3 4 0.75 2 0.05 4 1.5 2 0.1 GUM4242 2.4 4 0.75 2 0.05 4 1.5 3 0.2 GUM4243 2.5 4 0.75 2 0.05 4 1.5 4 0.3 GUM4244 2.6 4 0.75 2 0.05 4 1.5 5 0.4 GUM4245 2.7 4 0.75 2 0.05 4 1.5 6 0.5 GUM4246 2.8 4 0.75 2 0.05 4 1.5 7 0.6 GUM4247 2.9 4 0.75 2 0.05 5 2 1 0 GUM4251 2.8 4 0.75 2 0.05 5 2 2 0.1 GUM4252 2.9 4 0.75 2 0.05 5 2 3 0.2 GUM4253 3 4 0.75 2 0.05 5 2 4 0.3 GUM4254 3.1 4 0.75 2 0.05 5 2 5 0.4 GUM4255 3.2 4 0.75 2 0.05 5 2 6 0.5 GUM4256 3.3 4 0.75 2 0.05 5 2 7 0.6 GUM4257 3.4 4 0.75 3 0.1 1 0 1 0 GUM4311 0.85 4 0.75 3 0.1 1 0 2 0.1 GUM4312 0.95 4 0.75 3 0.1 1 0 3 0.2 GUM4313 1.05 4 0.75 3 0.1 1 0 4 0.3 GUM4314 1.15 4 0.75 3 0.1 1 0 5 0.4 GUM4315 1.25 4 0.75 3 0.1 1 0 6 0.5 GUM4316 1.35 4 0.75 3 0.1 1 0 7 0.6 GUM4317 1.45 4 0.75 3 0.1 2 0.5 1 0 GUM4321 1.35 4 0.75 3 0.1 2 0.5 2 0.1 GUM4322 1.45 4 0.75 3 0.1 2 0.5 3 0.2 GUM4323 1.55 4 0.75 3 0.1 2 0.5 4 0.3 GUM4324 1.65 4 0.75 3 0.1 2 0.5 5 0.4 GUM4325 1.75 4 0.75 3 0.1 2 0.5 6 0.5 GUM4326 1.85 4 0.75 3 0.1 2 0.5 7 0.6 GUM4327 1.95 4 0.75 3 0.1 3 1 1 0 GUM4331 1.85 4 0.75 3 0.1 3 1 2 0.1 GUM4332 1.95 4 0.75 3 0.1 3 1 3 0.2 GUM4333 2.05 4 0.75 3 0.1 3 1 4 0.3 GUM4334 2.15 4 0.75 3 0.1 3 1 5 0.4 GUM4335 2.25



4 0.75 3 0.1 3 1 6 0.5 GUM4336 2.35 4 0.75 3 0.1 3 1 7 0.6 GUM4337 2.45 4 0.75 3 0.1 4 1.5 1 0 GUM4341 2.35 4 0.75 3 0.1 4 1.5 2 0.1 GUM4342 2.45 4 0.75 3 0.1 4 1.5 3 0.2 GUM4343 2.55 4 0.75 3 0.1 4 1.5 4 0.3 GUM4344 2.65 4 0.75 3 0.1 4 1.5 5 0.4 GUM4345 2.75 4 0.75 3 0.1 4 1.5 6 0.5 GUM4346 2.85 4 0.75 3 0.1 4 1.5 7 0.6 GUM4347 2.95 4 0.75 3 0.1 5 2 1 0 GUM4351 2.85 4 0.75 3 0.1 5 2 2 0.1 GUM4352 2.95 4 0.75 3 0.1 5 2 3 0.2 GUM4353 3.05 4 0.75 3 0.1 5 2 4 0.3 GUM4354 3.15 4 0.75 3 0.1 5 2 5 0.4 GUM4355 3.25 4 0.75 3 0.1 5 2 6 0.5 GUM4356 3.35 4 0.75 3 0.1 5 2 7 0.6 GUM4357 3.45 4 0.75 4 0.15 1 0 1 0 GUM4411 0.9 4 0.75 4 0.15 1 0 2 0.1 GUM4412 1 4 0.75 4 0.15 1 0 3 0.2 GUM4413 1.1 4 0.75 4 0.15 1 0 4 0.3 GUM4414 1.2 4 0.75 4 0.15 1 0 5 0.4 GUM4415 1.3 4 0.75 4 0.15 1 0 6 0.5 GUM4416 1.4 4 0.75 4 0.15 1 0 7 0.6 GUM4417 1.5 4 0.75 4 0.15 2 0.5 1 0 GUM4421 1.4 4 0.75 4 0.15 2 0.5 2 0.1 GUM4422 1.5 4 0.75 4 0.15 2 0.5 3 0.2 GUM4423 1.6 4 0.75 4 0.15 2 0.5 4 0.3 GUM4424 1.7 4 0.75 4 0.15 2 0.5 5 0.4 GUM4425 1.8 4 0.75 4 0.15 2 0.5 6 0.5 GUM4426 1.9 4 0.75 4 0.15 2 0.5 7 0.6 GUM4427 2 4 0.75 4 0.15 3 1 1 0 GUM4431 1.9 4 0.75 4 0.15 3 1 2 0.1 GUM4432 2 4 0.75 4 0.15 3 1 3 0.2 GUM4433 2.1 4 0.75 4 0.15 3 1 4 0.3 GUM4434 2.2 4 0.75 4 0.15 3 1 5 0.4 GUM4435 2.3 4 0.75 4 0.15 3 1 6 0.5 GUM4436 2.4 4 0.75 4 0.15 3 1 7 0.6 GUM4437 2.5 4 0.75 4 0.15 4 1.5 1 0 GUM4441 2.4 4 0.75 4 0.15 4 1.5 2 0.1 GUM4442 2.5 4 0.75 4 0.15 4 1.5 3 0.2 GUM4443 2.6 4 0.75 4 0.15 4 1.5 4 0.3 GUM4444 2.7 4 0.75 4 0.15 4 1.5 5 0.4 GUM4445 2.8 4 0.75 4 0.15 4 1.5 6 0.5 GUM4446 2.9



4 0.75 4 0.15 4 1.5 7 0.6 GUM4447 3 4 0.75 4 0.15 5 2 1 0 GUM4451 2.9 4 0.75 4 0.15 5 2 2 0.1 GUM4452 3 4 0.75 4 0.15 5 2 3 0.2 GUM4453 3.1 4 0.75 4 0.15 5 2 4 0.3 GUM4454 3.2 4 0.75 4 0.15 5 2 5 0.4 GUM4455 3.3 4 0.75 4 0.15 5 2 6 0.5 GUM4456 3.4 4 0.75 4 0.15 5 2 7 0.6 GUM4457 3.5 5 1 1 0 1 0 1 0 GUM5111 1 5 1 1 0 1 0 2 0.1 GUM5112 1.1 5 1 1 0 1 0 3 0.2 GUM5113 1.2 5 1 1 0 1 0 4 0.3 GUM5114 1.3 5 1 1 0 1 0 5 0.4 GUM5115 1.4 5 1 1 0 1 0 6 0.5 GUM5116 1.5 5 1 1 0 1 0 7 0.6 GUM5117 1.6 5 1 1 0 2 0.5 1 0 GUM5121 1.5 5 1 1 0 2 0.5 2 0.1 GUM5122 1.6 5 1 1 0 2 0.5 3 0.2 GUM5123 1.7 5 1 1 0 2 0.5 4 0.3 GUM5124 1.8 5 1 1 0 2 0.5 5 0.4 GUM5125 1.9 5 1 1 0 2 0.5 6 0.5 GUM5126 2 5 1 1 0 2 0.5 7 0.6 GUM5127 2.1 5 1 1 0 3 1 1 0 GUM5131 2 5 1 1 0 3 1 2 0.1 GUM5132 2.1 5 1 1 0 3 1 3 0.2 GUM5133 2.2 5 1 1 0 3 1 4 0.3 GUM5134 2.3 5 1 1 0 3 1 5 0.4 GUM5135 2.4 5 1 1 0 3 1 6 0.5 GUM5136 2.5 5 1 1 0 3 1 7 0.6 GUM5137 2.6 5 1 1 0 4 1.5 1 0 GUM5141 2.5 5 1 1 0 4 1.5 2 0.1 GUM5142 2.6 5 1 1 0 4 1.5 3 0.2 GUM5143 2.7 5 1 1 0 4 1.5 4 0.3 GUM5144 2.8 5 1 1 0 4 1.5 5 0.4 GUM5145 2.9 5 1 1 0 4 1.5 6 0.5 GUM5146 3 5 1 1 0 4 1.5 7 0.6 GUM5147 3.1 5 1 1 0 5 2 1 0 GUM5151 3 5 1 1 0 5 2 2 0.1 GUM5152 3.1 5 1 1 0 5 2 3 0.2 GUM5153 3.2 5 1 1 0 5 2 4 0.3 GUM5154 3.3 5 1 1 0 5 2 5 0.4 GUM5155 3.4 5 1 1 0 5 2 6 0.5 GUM5156 3.5 5 1 1 0 5 2 7 0.6 GUM5157 3.6



5 1 2 0.05 1 0 1 0 GUM5211 1.05 5 1 2 0.05 1 0 2 0.1 GUM5212 1.15 5 1 2 0.05 1 0 3 0.2 GUM5213 1.25 5 1 2 0.05 1 0 4 0.3 GUM5214 1.35 5 1 2 0.05 1 0 5 0.4 GUM5215 1.45 5 1 2 0.05 1 0 6 0.5 GUM5216 1.55 5 1 2 0.05 1 0 7 0.6 GUM5217 1.65 5 1 2 0.05 2 0.5 1 0 GUM5221 1.55 5 1 2 0.05 2 0.5 2 0.1 GUM5222 1.65 5 1 2 0.05 2 0.5 3 0.2 GUM5223 1.75 5 1 2 0.05 2 0.5 4 0.3 GUM5224 1.85 5 1 2 0.05 2 0.5 5 0.4 GUM5225 1.95 5 1 2 0.05 2 0.5 6 0.5 GUM5226 2.05 5 1 2 0.05 2 0.5 7 0.6 GUM5227 2.15 5 1 2 0.05 3 1 1 0 GUM5231 2.05 5 1 2 0.05 3 1 2 0.1 GUM5232 2.15 5 1 2 0.05 3 1 3 0.2 GUM5233 2.25 5 1 2 0.05 3 1 4 0.3 GUM5234 2.35 5 1 2 0.05 3 1 5 0.4 GUM5235 2.45 5 1 2 0.05 3 1 6 0.5 GUM5236 2.55 5 1 2 0.05 3 1 7 0.6 GUM5237 2.65 5 1 2 0.05 4 1.5 1 0 GUM5241 2.55 5 1 2 0.05 4 1.5 2 0.1 GUM5242 2.65 5 1 2 0.05 4 1.5 3 0.2 GUM5243 2.75 5 1 2 0.05 4 1.5 4 0.3 GUM5244 2.85 5 1 2 0.05 4 1.5 5 0.4 GUM5245 2.95 5 1 2 0.05 4 1.5 6 0.5 GUM5246 3.05 5 1 2 0.05 4 1.5 7 0.6 GUM5247 3.15 5 1 2 0.05 5 2 1 0 GUM5251 3.05 5 1 2 0.05 5 2 2 0.1 GUM5252 3.15 5 1 2 0.05 5 2 3 0.2 GUM5253 3.25 5 1 2 0.05 5 2 4 0.3 GUM5254 3.35 5 1 2 0.05 5 2 5 0.4 GUM5255 3.45 5 1 2 0.05 5 2 6 0.5 GUM5256 3.55 5 1 2 0.05 5 2 7 0.6 GUM5257 3.65 5 1 3 0.1 1 0 1 0 GUM5311 1.1 5 1 3 0.1 1 0 2 0.1 GUM5312 1.2 5 1 3 0.1 1 0 3 0.2 GUM5313 1.3 5 1 3 0.1 1 0 4 0.3 GUM5314 1.4 5 1 3 0.1 1 0 5 0.4 GUM5315 1.5 5 1 3 0.1 1 0 6 0.5 GUM5316 1.6 5 1 3 0.1 1 0 7 0.6 GUM5317 1.7 5 1 3 0.1 2 0.5 1 0 GUM5321 1.6



5 1 3 0.1 2 0.5 2 0.1 GUM5322 1.7 5 1 3 0.1 2 0.5 3 0.2 GUM5323 1.8 5 1 3 0.1 2 0.5 4 0.3 GUM5324 1.9 5 1 3 0.1 2 0.5 5 0.4 GUM5325 2 5 1 3 0.1 2 0.5 6 0.5 GUM5326 2.1 5 1 3 0.1 2 0.5 7 0.6 GUM5327 2.2 5 1 3 0.1 3 1 1 0 GUM5331 2.1 5 1 3 0.1 3 1 2 0.1 GUM5332 2.2 5 1 3 0.1 3 1 3 0.2 GUM5333 2.3 5 1 3 0.1 3 1 4 0.3 GUM5334 2.4 5 1 3 0.1 3 1 5 0.4 GUM5335 2.5 5 1 3 0.1 3 1 6 0.5 GUM5336 2.6 5 1 3 0.1 3 1 7 0.6 GUM5337 2.7 5 1 3 0.1 4 1.5 1 0 GUM5341 2.6 5 1 3 0.1 4 1.5 2 0.1 GUM5342 2.7 5 1 3 0.1 4 1.5 3 0.2 GUM5343 2.8 5 1 3 0.1 4 1.5 4 0.3 GUM5344 2.9 5 1 3 0.1 4 1.5 5 0.4 GUM5345 3 5 1 3 0.1 4 1.5 6 0.5 GUM5346 3.1 5 1 3 0.1 4 1.5 7 0.6 GUM5347 3.2 5 1 3 0.1 5 2 1 0 GUM5351 3.1 5 1 3 0.1 5 2 2 0.1 GUM5352 3.2 5 1 3 0.1 5 2 3 0.2 GUM5353 3.3 5 1 3 0.1 5 2 4 0.3 GUM5354 3.4 5 1 3 0.1 5 2 5 0.4 GUM5355 3.5 5 1 3 0.1 5 2 6 0.5 GUM5356 3.6 5 1 3 0.1 5 2 7 0.6 GUM5357 3.7 5 1 4 0.15 1 0 1 0 GUM5411 1.15 5 1 4 0.15 1 0 2 0.1 GUM5412 1.25 5 1 4 0.15 1 0 3 0.2 GUM5413 1.35 5 1 4 0.15 1 0 4 0.3 GUM5414 1.45 5 1 4 0.15 1 0 5 0.4 GUM5415 1.55 5 1 4 0.15 1 0 6 0.5 GUM5416 1.65 5 1 4 0.15 1 0 7 0.6 GUM5417 1.75 5 1 4 0.15 2 0.5 1 0 GUM5421 1.65 5 1 4 0.15 2 0.5 2 0.1 GUM5422 1.75 5 1 4 0.15 2 0.5 3 0.2 GUM5423 1.85 5 1 4 0.15 2 0.5 4 0.3 GUM5424 1.95 5 1 4 0.15 2 0.5 5 0.4 GUM5425 2.05 5 1 4 0.15 2 0.5 6 0.5 GUM5426 2.15 5 1 4 0.15 2 0.5 7 0.6 GUM5427 2.25 5 1 4 0.15 3 1 1 0 GUM5431 2.15 5 1 4 0.15 3 1 2 0.1 GUM5432 2.25



5 1 4 0.15 3 1 3 0.2 GUM5433 2.35 5 1 4 0.15 3 1 4 0.3 GUM5434 2.45 5 1 4 0.15 3 1 5 0.4 GUM5435 2.55 5 1 4 0.15 3 1 6 0.5 GUM5436 2.65 5 1 4 0.15 3 1 7 0.6 GUM5437 2.75 5 1 4 0.15 4 1.5 1 0 GUM5441 2.65 5 1 4 0.15 4 1.5 2 0.1 GUM5442 2.75 5 1 4 0.15 4 1.5 3 0.2 GUM5443 2.85 5 1 4 0.15 4 1.5 4 0.3 GUM5444 2.95 5 1 4 0.15 4 1.5 5 0.4 GUM5445 3.05 5 1 4 0.15 4 1.5 6 0.5 GUM5446 3.15 5 1 4 0.15 4 1.5 7 0.6 GUM5447 3.25 5 1 4 0.15 5 2 1 0 GUM5451 3.15 5 1 4 0.15 5 2 2 0.1 GUM5452 3.25 5 1 4 0.15 5 2 3 0.2 GUM5453 3.35 5 1 4 0.15 5 2 4 0.3 GUM5454 3.45 5 1 4 0.15 5 2 5 0.4 GUM5455 3.55 5 1 4 0.15 5 2 6 0.5 GUM5456 3.65 5 1 4 0.15 5 2 7 0.6 GUM5457 3.75



Chapter 3

Clearing and Settlement

Daily Settlement All open positions of a futures contract would be settled daily based on the Daily Settlement Price.

Daily Settlement Price & Final Settlement Price The Daily Settlement Price (DSP) will be determined by the Exchange at the end of every trading day. The DSP will be utilized for marking to market all open positions.

The Final Settlement price will be determined by the Exchange on maturity of the contract.

Final settlement

On expiry of the contract, the following types of open positions would be cash settled:

a) Delivery information not provided.

b) Unmatched delivery information

The pay in and pay out in case of cash settlement would be the day after the expiry date of the contract (E+1) as per settlement calendar issued by the Exchange. The open positions for which information have been provided for and the same have been matched by the Exchange, would result in physical delivery. Final settlement will be on E+7 basis as per settlement calendar issued by the Exchange.

Spot Prices

NCDEX will announce/disseminate spot prices for Gaur gum relating to the designated delivery center and specified grade/quality parameters determined through the process of polling a set of market participants representing different segments of the value chain such as traders, importers, exporters, processors, etc. The polled prices shall be input to a normalizing algorithm (like ‘bootstrapping’ technique) to arrive at a representative, unbiased and clean ‘benchmark’ spot price for Guar gum. The security of data and randomness of polling process will ensure transparency and correctness of prices. The Exchange has absolute right to modify the process of determination of spot prices at any time without notice.

Dissemination of Spot Prices

Spot prices for Guar gum will be collected and disseminated in such time and manner as may be decided by the Exchange.



Pay in and Pay out for daily settlement/final cash settlement The table below illustrates timings for pay in and pay out in case of daily settlement as well as cash settled positions for final settlement. The buyer clients would have to deposit requisite funds with their respective Clearing Member before “pay in”. All fund debits and credits of the Member would have to be done in the Member’s Settlement Account with the Clearing Bank.

Time (E+1) Activity On or before 11.00 hours PAYIN: Debit paying member a/c

After 13.00 hours PAYOUT: Credit receiving member a/c

Pay in and Pay out for final physical settlement The table below illustrates timings for pay in and pay out in case of positions marked for physical settlement on expiration of contract for final cash/physical settlement. The buyers/sellers would have to deposit requisite funds/Guar gum with their respective Clearing Member before “pay in”.

Pay in and Pay out for Final Settlement in case of physical deliveries Time ( E + 7 ) Activity

On or before 11.00 hours

PAYIN: Debit Buyer Member Settlement a/c for funds Debit Seller Member’s CM Pool Account for – Guar gum

After 13.00 hours

PAYOUT: Credit Seller Member Settlement a/c for funds Credit Buyer Member’s CM Pool Account for – Guar gum

The supplemental settlement for Guar gum futures contracts and close out for shortages will be conducted on the same day. Clearing Members are required to maintain adequate fund balances in their respective accounts.

Pay in and Pay out for supplemental settlement Time (E + 7) Activity

On or before 16.00 hours PAY IN: Debit Member Settlement a/c for funds

After 18.00 hours PAY OUT: Credit Member Settlement a/c for funds

Supplementary Settlement for Taxes The Exchange will conduct a separate supplementary settlement, as illustrated below, two days after normal pay out for completion of tax transactions. In order to facilitate issue of invoice to right parties, the buyer Clearing Members are required to give the



buyer client details to the Exchange latest by 12.00 noon on E+9 day failing which the buying Member is considered as the end buyer and accordingly invoice is issued in his/their name. The amounts due to the above differences will be debited/credited to members clearing bank account similar to normal settlement.

Pay in and Pay out for Tax Time (E + 9) Activity

On or before 11.00 hours PAY IN: Debit Buyer Member Settlement a/c for funds.

After 13.00 hours PAY OUT: Credit Seller Member Settlement a/c for funds



Exhibit 1 – Guar gum Contract note Guar Gum

Type of contract Futures Contract Specifications

Name of commodity Guar Gum

Ticker symbol GARGUMJDR

Trading system NCDEX Trading System

Hours of Trading

As per directions of the Forward Markets Commission from time to time, currently (with effect from April 25, 2005).

Mondays through Fridays:

Morning Session - 10:00 a. m. to 05:00 p.m.

Saturdays:

Trading Hours - 10.00 a.m. to 2.00 p.m. The Exchange may vary the above timing with due notice.

Basis Guar Gum (Refined Guar splits)

Unit of trading 5 MT

Quotation/base value Quintal

Tick Size Re.1.00

Delivery Unit

5 MT Specifications:

1. 80 kgs net per bag in good quality jute bags

2. Bag weight must be 800 gms minimum

3. Bags must not be torn or darned

4. Bag must not be marked and/or stenciled other than bag manufacturer's quality indicating mark.

5. Inside the bag there must be polyliner

Quality Specification Residue Insoluble in Acid- 3.00% (Max) Protein - 5.00% (Max) Undehusked Splits- 10.00%



Black, dark red and brown coloured splits - 1.00% (Max) Through 14" mesh - 3.00% (Max) Through 20" mesh - 0.10% Moisture - 8% Foreign Particles (all non gum particles) - 0.20%

Quality allowance The quality allowance in respect of Guar Gums is as follows: Undehusked splits upto 10.00% acceptable Above 10.00 % to 12% on half rebates accepted. i.e., Above 10.00 % to 10.50% - 0.25 % Above 10.50 % to 11.00 % - 0.50% Above 11.00 % to 11.50 % - 0.75% Above 11.50 % to 12.00 % - 1.00% Above 12% rejected Through 20% mesh upto 0.10% acceptable Above 0.10 % to 0.25% on single rebate accepted, i.e., Above 0.10 % to 0.15% - 0.05% Above 0.15 % to 0.20% - 0.10 % Above 0.20 % to 0.25 % - 0.15% Above 0.25 % rejected Moisture upto 8% acceptable Above 8.00 % to 10.00 % on single rebate accepted, i.e., Above 8.00 % to 8.50 % - 0.5 % Above 8.50 % to 9.00 % - 1.0 % Above 9.00 % to 9.50 % - 1.5% Above 9.50 % to 10.00 % - 2.00% Above 10.00% rejected Foreign particles (all non gum particles ) Upto 0.20 % acceptable Above 0.20 % to 0.50 % on double rebate accepted, i.e., Above 0.20 % to 0.25 % - 0.10 % Above 0.25 % to 0.30 % - 0.20 % Above 0.30 % to 0.35 % - 0.30 % Above 0.35 % to 0.40 % - 0.40% Above 0.40 % to 0.45 % - 0.50 % Above 0.45 % to 0.50% - 0.60% Above 0.50% rejected Packing: Liner Missing - Rs 6.00 per bag

Quantity Variation +/- 2%, corresponding rates will be applicable



Delivery Centers Jodhpur

Delivery

Upon expiry of the contracts, if any seller with open position desires to give physical delivery at a particular delivery centre, then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery.

Basis Price Ex Designated warehouse, Jodhpur inclusive of all taxes

No. of Active contracts Maximum 12 contracts or minimum 2 contracts running concurrently.

Opening of contracts

October, November and December 2004 contracts to be launched on July 26, 2004. Subsequently trading in any contract month will open on the 21st of the month. If the opening day happens to be a non-trading day, contracts would open on the next trading day.

Due date

20th day of the delivery month. If 20th happens to be a holiday, then previous trading day. If 20th happens to be a Saturday or Sunday then due date shall be the immediately last preceding trading day of the Exchange.

Closing of contract All open positions will be settled as per general and product specific regulations

Price Band Limit 10%.

Position limits

Member-wise: Max (Rs. 20 crore, 15% of open interest), whichever is higher Client-wise: Max (Rs. 10 crore, 10% of open interest), whichever is higher

NOTE: As regards delivery of current year crop only, please be guided by Circular No: NCDEX/OPERATIONS –005/2005/039 Dated February 15, 2005.



Exhibit 2 – Warehouse/Assayer address for delivery of Guar gum

Warehouses Assayers

VCOWH- JODHPUR VCO Warehouse C-11 ( A) , M.I.A Ist Phase Basni Jodhpur – 342 005 Rajasthan Telephone no.: (0291) 2748105, 5107181 Contact person : Mr. R.Prakash Bafna: 09829027056

J.B. Boda Surveyors Pvt. Ltd. Inland Container Depot CONCOR. BGKT – Room no.5 New Power House Road Old Railway Malgodam, Jodhpur Rajasthan Telephone no.: 98290 27865 (Mobile) Contact Person : Mr. K. Anwar

THARDP-JODHPUR

The Thar Dry Port, (A Unit of Hasti Petro Chemicals & Shipping limited) Main Jodhpur – Balmer Road, Pal Village, Jodhpur 342 008, Rajasthan Contact Person:

Mr. Amit Jain, Manager Tel: 02931- 281363/64/65

J.B. Boda Surveyors Pvt. Ltd. Inland Container Depot CONCOR. BGKT – Room no.5 New Power House Road Old Railway Malgodam Jodhpur Rajasthan Telephone no.: 98290 27865 (Mobile) Contact Person : Mr. K. Anwar

BAGCERP-NOKHA

Bagri Cereals Private Limited Bikaner Road, Nokha 334 803, Rajasthan Contact Person:

Mr. D. R. Bishnoi / Mr. Manoj Khan Tel: 01531-223061

SGS India Pvt. Ltd. Plot No.2209-2210 Phase IV, G.I.D.C. Vatva, Ahemdabad – 382 445Gujarat Contact Person: Mr. Amva Datta Mr. Shakti K Roy Tele: 079-25842525 079-25842929 Mobile: 09824059276

Warehouse Timings and workings

No. Headings Details 1 Timings 9.30 am to 5.30 pm ( Monday to Saturday) 2 Working days All days except 2nd Saturday of a month and Sunday

and such local holidays declared by the State



Government. The same will be intimated from time to tie.

Exhibit 3- Good / Bad delivery norms No. Particulars Good / Bad delivery

1 Guar gum quality not meeting futures contract specification.

Bad delivery

2 Delivery at non accredited warehouse. Bad delivery 3 Testing & certification by NCDEX accredited Location /

product specific Assayer. Good delivery

4 Testing & certification by NCDEX accredited assayer but not location / product specific.

Bad delivery

5 Delivery before contract expiration. Good delivery 6 Delivery after pay in date / time. Bad delivery 7 Delivery of wrong product (Eg. Mustard seed instead of

Guar gum). Bad delivery

8 Delivery without testing / certification. Bad delivery 9 Delivery without weigh bridge certificate. Bad delivery 10 Delivery by weigh scale / weigh bridge at premises of

NCDEX accredited warehouse. Good delivery

11 Delivery not compatible to delivery size as mentioned in contract specification.

Bad delivery

12 Delivery beyond specified working hours. Bad delivery 13 Delivery without proper documentation. Bad delivery 14 Delivery quantity is more than quantity to be delivered. Good delivery 15 Guar gum at other than designated warehouse. Bad delivery 16 Delivery by unauthorized person / agent without proper

identification Bad delivery



Exhibit 4- Specimen of Assayer certificate

J.B. Boda Surveyors Pvt. Ltd. Inland Container Depot

CONCOR. BGKT – Room no.5

New Power House Road Old Railway Malgodam

Jodhpur, Rajasthan Telephone no.: 98290 27865 (Mobile)

CERTIFICATE OF QUANTITY & QUALITY

Date : _________ Report no.: NCDEX member : Commodity : Lorry No. :

1) QUANTITY : This is to certify that National Commodity & Derivative Exchange Limited member/constituent_________________________________________ has delivered __________ Metric Tons ( MT ) / Kilos Net of Guar gum at the NCDEX designated warehouse:

The weight / tonnage of material delivered is as per weigh bridge / weigh scale in the premises of the designated warehouse. 2) QUALITY : The results of analysis performed by our laboratory of the samples collected by J. B. Boda Surveyors Pvt. Ltd. is stated below : Test Items Test method Specification Test results

The material delivered by the above NCDEX member is in accordance with the specification provided bearing grade _____________and valid up to ___________________. The goods delivered may be accepted / rejected.

J B Boda Surveyors Pvt. Ltd.

Chief Inspector / Authorized Signatory

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