FMC/3/2013/C/90 No.1/1/2013-MCX -PER – Date:19th July 2013 To, The Managing Director, Multi-Commodity Exchange of India Ltd., Exchange Square, CTS No.255, Suren Road, Chakala, Andheri (East), Mumbai – 400 093.

Subject: Trading permission for the contracts expiring during the period January-December 2014 at MCX, Mumbai.

Sir, I am directed to refer to your letter (1) No. MR/2013/002 dated the 3rd January

2013, (2) MCX/DG/2013-14/21 dated the 16th May 2013, and (3) MCX/DG/2013-14/32-

37dated the 14th June 2013, on the above subject and to convey in pursuance of Bye-Law

4.1 of Chapter 4 of Bye-laws of your Exchange, the approval of the Commission for the

futures trading in the following commodities/contracts subject to the enclosed contract

specifications and contract launch calendar as per Annexure1 to8.

S. No. Commodity Contracts Annexure A

1 Cotton January to June 2014

2 Cottonseed Oil cake January to December 2014 contract excluding October 2014.

3 Crude Oil January to June 2014

4 Cardamom January 2014 to December 2014

5 Guarseed December 2013 and January 2014 to December 2014 contracts excluding August and September 2014. 6 Guar Gum

7 Potato (Agra) March 2014 to September 2014.

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GOVERNMENT OF INDIA Telegram Fax

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fmc@bom5.vsnl.net.in www.fmc.gov.in

FORWARD MARKETS COMMISSION

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8 Silver 1000 January 2014 to December 2014

2. I am further to add that trading in the above said permitted contracts shall be

subject to the Rules, Bye-laws and Regulations of the Exchange and also the contract

specifications of the said commodities as approved by the Commission and the directions

issued by the Commission from time to time.

3. The permission for the above contracts shall also be subject to:

(i) A limit on open position of each member and non-member client and the limit on

daily price fluctuation and special margins as specified in the contract

specification.

(ii) Once the contracts are commenced, no terms of the contracts specification should

be changed without prior approval of the Commission.

(iii) The permission granted for the said contracts is subject to daily Mark to Market

settlement of outstanding contracts as per the procedure and delivery

mechanism/process specified in the Bye-laws, the Rules and the Regulations of

the Exchange.

4. The Exchange shall intimate to the Commission soon after the trading in the

above said contracts is commenced and forward the details of the trading activity in

Return I and II to the Commission at the close of Business hours every day.

5. The Exchange shall send to the Commission a monthly/quarterly report on the

functioning of the various contracts in respect of the above mentioned commodities along

with a market report.

6. It is further stated that the Exchange, being the first tier regulator, shall ensure that

there is no unhealthy speculative trading in the market, which may result in cornering or

artificial rigging up or down of the prices by a particular member or group or class of

members. If trading in the above mentioned contracts results in excessive/unhealthy

speculation, the Commission will intervene and impose stern measures to deal with the

situation and if the situation so warrants, revoke the permission granted to any or all the

contracts.

7. The contents of this letter may please be notified to the trade immediately and the

circulars released by the Exchange from time to time shall also be sent to the

Commission.

8. The Exchange may post the details of the approved contracts and their

specifications on their website immediately upon the receipt of this letter.

Yours faithfully,

SD/- (S. K. Mohanty)

Director Encl: as above

Annexure 1 Contract Specifications of Cotton (29mm) Symbol COTTON Description COTTONMMMYY

Contract Listing Contracts are available as per the Contract Launch Calendar Contract Start Day 1st day of contract launch month. If 1st day is a holiday then the

following working day.

Last Trading Day Last calendar day of the contract month. If last calendar day is a holiday or Saturday then preceding working day

Trading Period Mondays through Saturdays Trading Session Monday to Friday: 10.00 a.m. to 5.00 p.m.

Saturday: 10.00 a.m. to 2.00 p.m. Trading Unit 25 bales

Quotation/Base Value Rs. Per bale (of 170 Kg)

Maximum Order Size 1200 bales

Tick size (minimum price movement)

Rs.10

Price Quote Ex-Warehouse Rajkot (Within 100 km radius) excluding all taxes, duties, levies, charges as applicable.

Daily Price Limits The base price limit will be 3%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 4% with a cooling off period of 15 minutes

Initial Margin Minimum 5% or based on SPAN whichever is higher Additional and/ or Special Margin

An additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as may be deemed fit, will be imposed by the Exchange/ FMC, as and when is necessary, in respect of all outstanding positions

Maximum Allowable Open Position

For individual clients: 65000 bales to be revised as per new order dt. 3rd July 2013. For a member collectively for all clients: 1,95,000 bales or 15% of the market wide open position whichever is higher. For Near Month Delivery For individual clients: 13,000 bales For a member collectively for all clients: 39,000 bales or 15% of the market-wide open position whichever is higher.

Delivery Unit 100 bales (170 quintals* or 48 candy approx.) *+/- 7%

Basic Delivery Centre Rajkot (Gujarat) Additional Delivery Centre

1) Yavatmal / Aurangabad (Maharashtra) 2) Kadi (Gujarat) 3) Bhatinda (Punjab), Sirsa (Haryana) 4) Sriganganagar (Rajasthan) 5) Sendhwa (Madhya Pradesh) 6) Warangal (Andhra Pradesh)

The discounts with respect to transportation charges from each of the additional delivery centres to the basic delivery center (Rajkot)

will be announced by exchange before the launch of contract.

Quality Specifications on Physical Inspection and HVI Mode

Goods should lie within the Tenderable Range according to defined quality specifications. Outlaying goods will not be accepted for delivery. Ginning Pattern: Roller Ginned Cotton. Saw Ginned Cotton will be accepted with discount.

1) Basis Grade: Standardized grade as per HVI Middling 31-3, accepted up to 41-3 with premium/ discount

2) Staple 2.5% span length - 29 mm (+/- 2mm) with premium/discount. Below 27 mm reject and above 31 mm no premium.

3) Micronaire (MIC) : 3.6 – 4.8 +/-0.1 with discount. Below 3.5 and above 4.9 reject.

4) Tensile Strength: 28 GPT Minimum, No premium or discount

5) Trash: 3.5% +/-1.5% with premium and discount. More than 5% reject.

6) Moisture: Up to 8.5%. Acceptable up to 9.5% at discount. The premiums/discounts with respect to quality specifications (in respect to Ginning Pattern, Grade, Staple, Micronaire, Trash and Moisture) will be announced by exchange before the launch of contract.

Physical Condition of Bales

All bales of the lot should be in good condition – should be free from oil/ ink stains penetrating the bale or damaged in any other way. It should have all the proper markings in form the unique PRN for identifying the individual bale as well as a total lot. The label should give details of variety, weight and crop year. The bale must be fully covered with hessian cloth/cotton fabric and no cotton shall be exposed. The bales must be securely strapped with iron bailing hoops / plastic straps.

Crop conditions Only current season Indian crop is deliverable Delivery Period Margin

25%

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E-0, E-1, & E-2 of Rajkot (within 100 Km radius). In the event of the spot prices for any one of the E-1 and E-2 is not available the spot price of E-3 would be used for arriving at the average. In the event of spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Delivery Logic Compulsory Delivery

Contract Launch Calendar of Cotton (29mm)

Contract Launch Months

Contract Expiry Months

August 2013 January 2014

September 2013 February 2014

October 2013 March 2014

November 2013 April 2014

December 2013 May 2014

January 2014 June 2014

Annexure 2

Contract Specifications of Kapasia Khalli (Cottonseed Oilcake) at MCX, Mumbai Symbol KAPASIA KHALI Description KAPASKHALIMMMYY Contract Listing Contracts are available as per the Contract Launch Calendar. Contract Start Day 1st day of contract launch month. If 1st 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 Saturdays Trading Session Monday to Friday: 10.00 a.m. to 5.00 p.m.

Saturday: 10.00 a.m. to 2.00 p.m. TradingUnit 10 MT Quotation/Base Value Rs,/ 100 Kg PriceQuote Ex-Warehouse Rajkot (inclusive of sales tax/ VAT, as the case

may be) Maximum Order Size 500 MT Tick Size (Minimum Price Movement)

50 paise

Daily Price Limits The base price limit will be 3%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 4% with a cooling off period of 15 minutes

Initial Margin Minimum 5% or based on SPAN whichever is higher Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both 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 Open Position

For individual clients: 20,000 MT For a member collectively for all clients: 1,00,000 MT or 15% of the market wide open position, whichever is higher. Near Month Limits For individual clients: 5,000 MT For a member collectively for all clients: 25,000 MT or 15% of the market wide open position, whichever is higher

Delivery Delivery Unit 10 MT (with tolerance limit of +/-2%) Delivery Period Margin 25% Delivery Centre(s) Exchange designated warehouse within 100 kilometers of Rajkot

municipal limits Additional Delivery Centre (s)

Exchange designated warehouse within 100 kilometers of Kadi (Gujarat) and Akola and Parbhani in (Maharashtra) municipal limits. The premium / discount for delivery at additional delivery centres, shall be announced by the exchange at the time of launch of a contract.

Quality Specifications Pure unadulterated Undecorticated Cottonseed Oilcake/ Kapasia Khalli (Dhep) in pellet form Moisture content: 9% (Max) Oil Content: 6% (Min) Fibre: 27% (Max) Sand and Silica: 2.5% (Max) Protein: 22% (Min) Colour: Greenish Yellow Free from adulterants like Rice Bran cake, Rice Bran Husk, Castor seed husk, Safflower cake (Kardi cake) or any others. Kapasia khalli should be free from live insects & fungus.

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E0, E-

1, &E-2 (E-Expiry date). In the event of the spot prices for any one of E-1 and E-2 not being available the spot price of E-3 would be used for arriving at the average. In case spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Delivery Logic Compulsory Delivery

Contract Launch Calendar of Kapasia Khali (Cottonseed Oilcake)

Contract Launch Months Contract Expiry Months On approval of the Commission January 2014 August 2013 February 2014 September 2013 March 2014 October 2013 April 2014 November 2013 May 2014 December 2013 June 2014 January 2014 July 2014 February 2014 August 2014 March 2014 September 2014 May 2014 November 2014 June 2014 December 2014

Annexure 3

Contract Specifications of Crude Oil at MCX, Mumbai

Symbol CRUDEOIL

Description CRUDEOILMMMYY

Contract Listing Contracts are available as per the Contract Launch Calendar.

Contract Start Day As per the Contract Launch Calendar Last Trading Day As per the Contract Launch Calendar Trading

Trading Period Mondays through Saturdays Trading Session Monday to Friday: 10.00 a.m. to 11.30/ 11.55 p.m.

Saturday: 10.00 a.m. to 2.00 p.m. Trading Unit 100 barrels

Quotation/Base Value Rs. per barrel

Maximum Order Size 10,000 barrels

Tick Size (Minimum Price Movement)

Re. 1

Price Quote Ex – Mumbai excluding all taxes, levies and other expenses

Daily Price Limits The base price limit will be 4%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 6% without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed upto 9%. In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3% and inform the Commission immediately.

Initial Margin Minimum 5% or based on SPAN whichever is higher

Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both 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 Open Position

For individual clients: 4,80,000 barrels For a member collectively for all clients: 24,00,000 barrels or 15% of the market wide open position, whichever is higher.

Delivery

Delivery Unit 50,000 barrels with +/- 2% tolerance limit

Delivery Margin 25%

Delivery Center Port installation at Mumbai/ JNPT port

Quality Specification

Light Sweet Crude Oil confirming to the following quality specification is deliverable: Sulfur 0.42% by weight or less, API Gravity: Between 37 degree – 42 degree All volumes are defined at 60 degree Fahrenheit

Due Date Rate Due date rate is calculated on the last trading day of the contract on the basis of the market price of crude, ex-Mumbai, excluding all taxes, levies and freight, as available for this variety from various market sources and converted at the Rupee – US Dollar rate prevailing on expiry.

Delivery Logic Both Option

Contract Launch Calendar of Crude Oil

Contract Launch month

Contract Expiry month

20-Jul-13 20-Jan-14

20-Aug-13 19-Feb-14 20-Sep-13 19-Mar-14

22-Oct-13 21-Apr-14

20-Nov-13 19-May-14

19-Dec-13 19-Jun-14

Annexure - 4

Contract Specifications of Cardamom at MCX, Mumbai

Symbol CARDAMOM Description CARDAMOMMMYY Contract Listing Contracts are available as per the Contract Launch Calendar. Contract Start Day Contract launch date shall be the 16th day of contract launch month.

If 16th day is a holiday then the following working day. Last Trading Day 15th of the contract expiry month. If 15th is a holiday then preceding

working day. Trading Trading Period Mondays through Saturdays Trading Session Mondays through Fridays: 10.00 am to 5.00 pm

Saturdays: 10.00 am to 2.00 pm Trading Unit 100 KG (1 quintal) Quotation/Base Value

Rs. per Kg

Price Quote Ex- Vandanmedu, Dist. Idukki, Kerala (exclusive of all tax and levies)

Maximum Order Size

5000 KG (50 quintals)

Tick Size (Minimum Price Movement)

10 paisa per Kg

Daily Price Limits The base price limit will be 3%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 4% with a cooling off period of 15 minutes

Initial Margin Minimum 5% or based on SPAN whichever is higher Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both 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 Open Position

For individual clients: 160 MT For a member collectively for all clients: 800 MT or 15% of the market wide open position, whichever is higher. Near Month Limits For individual clients: 40 MT For a member collectively for all clients: 200 MT or 15% of the market wide open position, whichever is higher

Delivery Delivery Unit 100 Kg,and direct multiples thereof. Delivery Period Margin Tender period

35 % 7 working days

Delivery Centre(s) At Exchange designated warehouse at Vandanmedu in IdukkiDist of Kerala State

Additional Delivery Centre (s)

Bodinayakanur in Madurai District of Tamil Nadu up to 50 kms of municipal limits. The premium/ discount with respect to delivery centers will be announced by exchange bef ore the launch of contract.

Quality Certification

Cardamom 7mm bold bulk 1. Size of the capsules: Entire quantity of cardamom delivered

shall remain on a sieve of 7mm size. However, 5% droppings by count will be allowed.

2. The Entire stock delivered shall be crop of current season. 3. Density of stock delivered shall be 385 gms per litre [385 gm

l/w] minimum. 4. The cardamom delivered shall be free from blacks. 5. Split and thrips capsules. 3% max by count. 6. The colour of cardamom delivered shall be green, as per

prevailing market available quality in the particular crop year.

7. It shall not be discoloured capsules. However, 2 side and 1 side discoloured capsule together will be allowed upto 20% by count.

8. Tips Open: 5% max by count allowed. 9. Shriveled Capsules: 2% max by count allowed. 10. Fruits (Yellow): 2% max by count allowed. 11. However, the relaxations at Sl.No. [1], [5], [8], [9] and [10]

above put together shall not exceed 15% max., by count in the entire stock.

Quality Certification Cardamom 6 mm bold bulk 1. Size of the capsules: Entire quantity of cardamom delivered

shall remain on a sieve of 6 mm size. However, 5% droppings by count will be allowed.

2. The Entire stock delivered shall be crop of current season. 3. Density of stock delivered shall be 375 gms per litre [375 gm

l/w] minimum. 4. The cardamom delivered shall be free from blacks. 5. Split and thrips capsules. 3% max by count 6. The colour of cardamom delivered shall be green, as per

prevailing market available quality in the particular crop year.

7. It shall not be discoloured capsules. However, 2 side and 1 side discoloured capsule together will be allowed upto 20% by count.

8. Tips Open: 5% max by count allowed. 9. Shriveled Capsules: 2% max by count allowed. 10. Fruits (Yellow): 2% max by count allowed. 11. However, the relaxations at Sl.No. [1], [5], [8], [9] and [10]

above put together shall not exceed 15% max., by count in the entire stock.

Tolerance Limits for Outbound Deliveries

Specifications Basis Tolerance

Limit Cardamom 7mm bold bulk

Density of stock delivered shall be 385 gms per litre [385 gm l/w] minimum.

385 gm l/w min

+/- 3.85 gm l/w

Delivery Unit 100 Kg +/- 0.5%

Cardamom 6mm bold bulk

Density of stock delivered shall be 375 gms per litre [375 gm l/w] minimum.

375 gm l/w min

+/- 3.75 gm l/w

Delivery Unit 100 Kg +/- 0.5%

Note: Tolerance limit is applicable only for outbound deliveries. Variation in quality parameters within the prescribed tolerance limit as above will be treated as good delivery when members/clients lift the materials from warehouse. These permissible variations shall be based on the parameters found as per the immediate preceding test certificate given by MCX approved assayer.

Premium/ Discount on Additional Tenderable Variety

Delivery of the said variety (6mm) shall be settled on the basis of average of last three days spot price polled for this variety.

Packing Delivery would be accepted only if the stock is packed in double jute bag with inner black polyethelene lining containing 50 kg net weight of cardamom of specified quality.

Delivery Logic Compulsory

Restrictions on Fresh buy/sell positions

No fresh buy/sell positions shall be allowed during the last 5 trading days of the contract.

Staggered Delivery Tender Period

The staggered delivery tender period would be the last 10 days (including expiry day) of the contracts. If 5th of the month happens to be a holiday or Saturday at the Exchange, the period would start from the next trading day. During the tender period, each day sellers’ (short holders) shall have option to give delivery intention accompanied with valid quality certificate and proof of deposit of goods in the accredited warehouse/ cold storage.

Delivery allocation

Delivery allocation will be done by the mechanism put in place by the Exchange. Funds pay-in of the delivery allocated by the buyer will be on T+2 working days i.e. excluding Saturday, Sunday & Public Holiday. The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery and any default in delivery taking will entertain penalty and subject to the penal provisions including conducting online auction by the Exchange. On expiry of the contract, all the open positions shall be marked for compulsory delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable.

Delivery order rate On Tender Days: The delivery order rate (the rate at which delivery will be allocated) shall be the closing price (weighted average price of

last half an hour) on the respective tender day except on the expiry date. On Expiry: On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing price.

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E0, E-1,

&E-2 (E-Expiry date). In the event of the spot prices for any one of E-1 and E-2 not being available the spot price of E-3 would be used for arriving at the average. In case spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Contract launch calendar of Cardamom.

Contract Launch Months Contract Expiry Months

August 2013 January 2014

September 2013 February 2014

October 2013 March 2014

November 2013 April 2014

December 2013 May 2014

January 2014 June 2014

February 2014 July 2014 March 2014 August 2014 April 2014 September 2014 May 2014 October 2014 June 2014 November 2014

July 2014 December 2014

Annexure 5

Contract Specifications of Guar Seed Contract at MCX

Symbol GUARSEED Description GUARSEEDMMMYY Contract Listing

Contracts are available as per the Contract Launch Calendar.

Contract Start Day

10th day of contract launch month. If 10th day is non-trading day, then contracts would open on the next trading day.

Last Trading Day

20th of the contract expiry month. If 20th is a holiday or Saturday, then the immediate preceding working day other than Saturday.

Trading Trading Period Mondays through Saturdays Trading Session

Monday to Friday: 10.00 a.m. to 5.00 p.m. Saturday: 10.00 a.m. to 2.00 p.m.

Trading Unit 5 MT Quotation/Base Value

Rs. per 100 kg

Price Quote Ex-warehouse Jodhpur, inclusive of sales tax/VAT Maximum Order Size

1000 MT

Tick Size (Minimum Price Movement)

Re. 1

Daily Price Limit

Daily price fluctuation limit is (+/-) 3% from the previous day’s closing price. If the trade hits the prescribed daily price limit there will be a cooling off period of 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another (+/-)1% and trade will be resumed. If the price hits the revised price band (4%) again during the day, trade will only be allowed within the revised price band. No trade/ order shall be permitted during the day beyond the revised limit of (+/-) 4% from the previous day’s closing price.

Initial Margin Minimum 10% or based on SPAN whichever is higher. Additional and/ or Special Margin

As applicable for for October 2013 expiry contract

onwards:

Rise or fall in DSP compared to first day DSP Spl margin

Over 20 % but less than 30% 10% Over 30% but less than 40% 20% Over 40 % 30%

Applicability of Predefined Special Margin

In case of additional volatility, an additional margin (on both buy and sell side ) and /on 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 Open Position

Aggregate limits are applicable for all contracts traded on all Exchanges For individual clients: 2,400 MT For a member collectively for all clients: 12,000 MT or 15% of the market wide open position, whichever is higher Near Month Limits: Near Month limits are applicable for contracts traded on all Exchanges (Applicable for 20 days prior to expiry of the contract (inclusive expiry day)) For individual clients: 800 MT For a member collectively for all clients: 4,000 MT or 15% of the market wide open position, whichever is higher

Delivery Delivery Unit 5 MT (with tolerance limit of +/-2%) Delivery Period Margin

25%

Delivery Centre(s)

Jodhpur (upto radius of 50 Km from the Municipal limits)

Additional Delivery Centre (s)

Rajasthan: Bikaner, Nokha, Sri Ganganagar, Hanumangarh and Barmer; Gujarat: Deesa; Haryana: Adampur and Sirsa (upto radius of 50 Km from the Municipal limits) with location-wise premium/discount as announced by the Exchange from time to time

Quality Specifications 1. Whitish

seed 98% basis Acceptable:

a) Below 98% and up to 95% at a discount of 1:0.5 b) Below 95% and up to 90% at a discount of 1:1

Rejected below 90% 2. Moisture 8% Basis

Acceptable up to 10% at a discount of 1:1 Rejected above 10%

3. Foreign Matter and Damaged Seeds

Foreign matter 0.5% Basis Acceptable:

a) Up to 2% at a discount of 1:1 b) Above 2% and up to 3% at a discount of 1:1.5

(Foreign matter means anything other than guar seed e.g. sand, silica, pebbles, stalks and other seeds) Damaged seed: 0.5% Basis Acceptable above 0.5% and upto 2% at a discount of 1:0.75 The total of foreign matter and damaged seed should not exceed 4%

Staggered Delivery Tender Period

The staggered delivery tender period would be the last 10 days (including expiry day) of the contracts. If 10th of the month happens to be a holiday or Saturday at the Exchange, the period would start from the next trading day. During the tender period, each day sellers’ (short holders) shall have

option to give delivery intention accompanied with valid quality certificate and proof of deposit of goods in the accredited warehouse/ cold storage.

Delivery Allocation

Delivery allocation will be done by the mechanism put in place by the Exchange. Funds pay-in of the delivery allocated by the buyer will be on T+2 working days i.e. excluding Saturday, Sunday & Public Holiday. The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery and any default in delivery taking will entertain penalty and subject to the penal provisions including conducting online auction by the Exchange. On expiry of the contract, all the open positions shall be marked for compulsory delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable.

Delivery Order Rate

On Tender Days: The delivery order rate (the rate at which delivery will be allocated) shall be the closing price on the respective tender day except on the expiry date. On Expiry: On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing price.

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E-0, E-1, & E-2 (E-Expiry date). In the event of the spot prices for any one of E-1 and E-2 not being available the spot price of E-3 would be used for arriving at the average. In case spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Delivery Logic Compulsory

Tolerance Limits for Outbound Deliveries for Guar seed Specification Basis Deliverable

Range Tolerance Limit for outbound deliveries

Whitish 98 % Up to 90% +/-0.5% Foreign Matter and

Damaged Seed (combined)

1% (0.5% Foreign Matter +

0.5% Damaged Seed )

Up to 4% (combined)

+/-0.5%(total)

Upper limit on the total of all tolerances 0.75%

Note: Tolerance limit is applicable only for outbound deliveries. Variation in quality parameters within the prescribed tolerance limit as above will be treated as good delivery when members/clients lift the materials from warehouse. These permissible variations shall be based on the parameters found as per the immediate preceding test certificate given by MCX approved assayer

Annexure-6

Contract Specifications of Guar Gum Contract at MCX

Symbol GUAR GUM Description GUARGUMMMYY Contract Listing Contracts are available as per the Contract Launch Calendar. Contract Start Day 10th day of contract launch month. If 10th day is non-trading day,

then contracts would open on the next trading day. Last Trading Day 20th of the contract expiry month. If 20th is a holiday or

Saturday, then the immediate preceding working day other than Saturday.

Trading Trading period Mondays through Saturdays Trading session Monday to Friday: 10.00 a.m. to 5.00 p.m.

Saturday: 10.00 a.m. to 2.00 p.m. Trading unit 5 MT Quotation/Base Value

Rs. per 100 kg

Price Quote Ex-warehouse Jodhpur, inclusive of Sales tax/VAT Maximum order size

300 MT

Tick size (minimum price movement)

Re. 1

Daily price limit Daily price fluctuation limit is (+/-) 3% from the previous day’s closing price. If the trade hits the prescribed daily price limit there will be a cooling off period of 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another (+/-)1% and trade will be resumed. If the price hits the revised price band (4%) again during the day, trade will only be allowed within the revised price band. No trade/ order shall be permitted during the day beyond the revised limit of (+/-) 4% from the previous day’s closing price.

Initial margin Minimum 10% or based on SPAN whichever is higher. Additional and/ or Special Margin

for October 2013 expiry contract onwards:

Rise or fall in DSP compared to first day DSP Spl margin

Over 20 % but less than 30% 10% Over 30% but less than 40% 20% Over 40 % 30%

Applicability of Predefined Special Margin

In case of additional volatility, an additional margin (on both buy and sell side ) and /on 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 Open

Aggregate limits are applicable for all contracts traded on all Exchanges

Position For individual clients: 1,000 MT For a member collectively for all clients: 3,000 MT or 15% of the market-wide open position, whichever is higher Near Month Limits: Near Month limits are applicable for contracts traded on all Exchanges (Applicable for 20 days prior to expiry of the contract (inclusive expiry day)) For individual clients: 200 MT For a member collectively for all clients: 600 MT or 15% of the market-wide open position, whichever is higher

Delivery Delivery unit 5 MT (with tolerance limit of +/- 2%) Delivery period margin

25%

Delivery centre Jodhpur (upto radius of 50 Km from the Municipal limits) Additional delivery centre(s)

Rajasthan: Bikaner, Nokha, Sri Ganganagar, Hanumangarh and Barmer; Gujarat: Deesa; Haryana: Adampur and Sirsa (upto radius of 50 Km from the Municipal limits) with location-wise premium/discount as announced by the Exchange from time to time

Quality Specifications Residue Insoluble in Acid

3.00% (max)

Protein 5.00% (max) Black, dark red and brown coloured splits

1.00% (max)

Undehusked Splits* 10.00% (Basis) Acceptable upto 12%, at a discount of 1:0.5 Rejected above 12% *The total of ‘Undehusked splits’ and ‘Black, dark red and brown coloured splits’ not to exceed 12%

Through 14” mesh 3.00% (max) Through 20” mesh 0.10% (Basis)

Acceptable upto 0.25% at a discount of 1:1 Rejected above 0.25%

Moisture 8% (Basis) Acceptable up to 10%, at a discount of 1:1 Rejected above 10.00%

Foreign particles (all non-gum particles)

0.30 % (Basis) Acceptable up to 0.50%, at a discount of 1:2 Rejected above 0.50 %

Staggered Delivery Tender Period

The staggered delivery tender period would be the last 10 days (including expiry day) of the contracts. If 10th of the month happens to be a holiday or Saturday at the Exchange, the period would start from the next trading day.

During the tender period, each day sellers’ (short holders) shall have option to give delivery intention accompanied with valid quality certificate and proof of deposit of goods in the accredited warehouse/ cold storage.

Delivery Allocation

Delivery allocation will be done by the mechanism put in place by the Exchange. Funds pay-in of the delivery allocated by the buyer will be on T+2 working days i.e. excluding Saturday, Sunday & Public Holiday. The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery and any default in delivery taking will entertain penalty and subject to the penal provisions including conducting online auction by the Exchange. On expiry of the contract, all the open positions shall be marked for compulsory delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable.

Delivery Order Rate

On Tender Days: The delivery order rate (the rate at which delivery will be allocated) shall be the closing price on the respective tender day except on the expiry date. On Expiry: On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing price.

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E-0, E-1, & E-2 (E-Expiry date). In the event of the spot prices for any one of E-1 and E-2 not being available the spot price of E-3 would be used for arriving at the average. In case spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Delivery Logic Compulsory

Tolerance Limits for Outbound Deliveries for Guar Gum Specification Basis Deliverabl

e Range

Tolerance Limit for outbound deliveries

Undehusked splits 10.00 % (Basis)

Upto 12% +/-0.25%

Black, dark red and brown coloured splits

1.00% (Max)

NA

+/-0.1%

Through 14” mesh 3.00% (Max) NA +/-0.5% Through 20” mesh 0.10% (Basis) Upto

0.25% +/-0.05%

Foreign particles (all non-gum 0.30 % (Basis) Upto 0.5% +/-0.05%

particles)

Upper limit on the total of all tolerances 0.75% Note: Tolerance limit is applicable only for outbound deliveries. Variation in quality parameters within the prescribed tolerance limit as above will be treated as good delivery when members/clients lift the materials from warehouse. These permissible variations shall be based on the parameters found as per the immediate preceding test certificate given by MCX approved assayer Contract launch calendar for Guarseed & Guargum at MCX

Contract Launch Months Contract Expiry Months On approval from Commission December 2013 August 2013 January 2014 September 2013 February 2014 October 2013 March 2014 November 2013 April 2014 December 2013 May 2014 January 2014 June 2014 February 2014 July 2014 March 2014 October 2014 April 2014 November 2014 May 2014 December 2014

Annexure 7 Contract Specifications of Potato (Agra) at MCX, Mumbai

Symbol POTATO Description POTATOMMYY Contract Listing Contracts are available as per the Contract Launch Calendar. Contract Start Day 20th day of contract launch month. If 20th day is a holiday or

Saturday then the following working day. Last Trading Day Last day of the contract expiry month. If the last day is a

holiday or Saturday,then the preceding working day other than Saturday.

Trading Trading Period Mondays through Saturdays Trading Session Monday to Friday: 10.00 a.m. to 5.00 p.m.

Saturday: 10.00 a.m. to 2.00 p.m.

Trading Unit 15 MT Quotation/Base Value

Rs. per quintal

Price Quote Ex-Cold Storage, Agra district excluding Mandi tax and other levies.

Basis Variety 3797 Maximum Order Size 1800 MT Tick Size (Minimum Price Movement)

10 paise

Daily Price Limits Daily price fluctuation limit is (+/-) 3% from the previous day’s closing price. If the trade hits the prescribed daily price limit there will be a cooling off period of 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another (+/-) 1% and trade will be resumed. If the price hits the revised price band (4%) again during the day, trade will only be allowed within the revised price band. No trade/ order shall be permitted during the day beyond the revised limit of (+/-) 4% from the previous day’s closing price.

Initial Margin Minimum 5% or based on SPAN whichever is higher Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both 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 Open Position

For individual clients – 20,000 MT for all Potato contracts combined together. For a member collectively for all clients: – 1,00,000 MT or 15% of the market wide open position, whichever is higher, for all Potato contracts combined together. Near month limits For individual clients – 3,000 MT for all Potato contracts combined together. For a member collectively for all clients: – 15,000 MT or 15% of the market wide open position whichever is higher, for all Potato contracts combined together.

Delivery Delivery Unit 15 MT with a tolerance limit of 6% Delivery Period Margin

25%

Delivery Centre(s) Ex-Cold Storage Agra(within 50 kilometers of muncipal limits) . Delivery can be effected from MCX approved cold storage only.

Additional Delivery Centre (s)

3797 Ex-Cold Storage Mathura, Aligarh, Mahamaya Nagar, Firozabad and Dhaulpur

Badshah&Laukar Ex-Cold Storage Deesa and Dehgam For all centres within 50 kilometers of muncipal limits. Delivery can be effected from MCX approved cold storage only.

Quality Specification and Deliverable Grades Parameters/Variety & Deliverable Grades

Basis Variety: 3797 (Only deliverable at Agra, Mathura, Aligarh, Mahamaya Nagar, Firozabad and Dhaulpur) Additional Deliverable Grades: Badshah&Laukar varieties are only deliverable at Deesa and Dehgam (Gujarat). Premium/discount will be announced at the time of launch of the contract.

Standard Potato with matured and thick skin, stored in cold storage (farm-fresh potatoes not allowed for delivery), free of common scab & blight, confirming to the following standards.

Colour Grade

Acceptable upto Fair and Bright Skin. Proportion of dark and dull potatoes exceeds more than 10% will be rejected.

Size (measured from at least one side by way of passing through sieve)

Acceptable: 4 cm – 8 cm Rejected: If Below 4 cm and above 8 cm exceeds 15%

Cut potato (cuts measuring > 1 cm long, > 2 mm deep, > 2 mm wide)

Acceptable up to 3% maximum Rejected: Above 3%

Green potato

Basis 3%. Acceptable upto 4% maximum, with discount of 1:1 for above 3% & upto 4% Rejected: Above 4%

Black scurf (chitri / makhi) on the surface area

3797: Basis 4% Acceptable up to 6% maximum, with discount of 1:1 for above 4% and up to 6%. Rejected: Above 6% Badshah&Laukar: Basis 5% Acceptable up to 8% maximum, with discount of 1:1 for above 5% and up to 8%. Rejected: Above 8%

Rotten and dry potato

For Entire season: Basis 1% Acceptable upto 2% maximum, with discount of 1:1 for above 1% and upto 2%. Rejected: Above 2%

Damaged skin / Bruised potato

Basis 3%. Acceptable uptoupto 6% maximum, with discount of 1:1for above 3% &upto 6% Rejected : Above 6%

Shrivelled potato

Acceptable upto 4% maximum Rejected: Above 4%

Potato sprouts more than 5 mm

For March to June: Acceptable upto 3% maximum Rejected: Above 3% For July onwards: Acceptable upto 6% maximum Rejected: Above 6%

Physical impurity in the form of soil and stone

Basis 0.5%, Acceptable upto 0.5% - 2% With rebate 1:1 Rejected: Above 2%

Frost bitten Potato (Hyper cooled potato from cold storages)

Acceptable up to 0.25% with discount of 1:1 Rejected: Above 0.25%

Cumulative deformities in case of Cut, Green, Black scurf, Shrivelled and Sprouts

From March to June: Maximum 13% From July to October: Maximum 15%

Packaging Packed in jute gunny bags (old) containing approx. 50 Kg per bag. Delivery Logic Compulsory Staggered Delivery Tender Period

The staggered delivery tender period would be the last 10 calendar days (including expiry day) of the contracts. If 20th of the month happens to be a holiday or Saturday at the Exchange, the period would start from the next trading day. During the tender period, each day sellers’ (short holders) shall have option to give delivery intention accompanied with valid quality certificate and proof of deposit of goods in the accredited warehouse/ cold storage.

Delivery allocation

Delivery allocation will be done by the mechanism put in place by the Exchange. Funds pay-in of the delivery allocated by the buyer will be on T+2 working days i.e. excluding Saturday, Sunday & Public Holiday. The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery and any default in delivery taking will entertain penalty and subject to the penal provisions including conducting online auction by the Exchange. On expiry of the contract, all the open positions shall be marked for compulsory delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable.

Delivery order rate On Tender Days: The delivery order rate (the rate at which delivery will be allocated) shall be the closing price (weighted average price of last half an hour) on the respective tender day except on the expiry date. On Expiry: On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing price.

Due Date Rate The Due Date Rate (DDR) shall be arrived at by taking the simple average of the last three trading days polled spot prices, viz., E0, E-1, & E-2 (E-Expiry date). In the event of the spot prices for any one of E-1 and E-2 not being available the spot price of E-3 would be used for arriving at the average. In case spot prices are not available for both E-1 and E-2, then the average of E-0 and E-3 (two days) would be taken. If all the three days’ prices, viz., E-1, E-2 and E-3 are not available, then only one day’s price, viz., E-0 will be taken as the DDR.

Contract Launch Calendar of Potato (Agra)

Contract Launch Months Contract Expiry Months

August 2013 March 2014

September 2013 April 2014

October 2013 May 2014

November 2013 June 2014

Annexure 8

Contract Specifications of Silver 1000

Symbol SILVER1000 Description SILVER1000MMYY Contract Listing Contracts are available as per the Contract Launch Calendar. Contract Start Day 1st day of contract launch month. If 1st 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 preceding working day Trading Period Mondays through Saturdays Trading Session Monday to Friday: 10.00 a.m. to 11.30/ 11.55 p.m.

Saturday: 10.00 a.m. to 2.00 p.m. Trading Unit 1 kg Quotation/Base Value 1 kg Price Quotation Ex-New Delhi (inclusive of all taxes and levies relating to

import duty but excluding Sales Tax/ VAT, any other additional tax or surcharge on sales tax, local taxes and octroi)

Maximum Order Size 600 kg Tick Size (Minimum Price Movement)

Re. 1 per kg

Daily Price Limits The base price limit will be 4%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 6% without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed upto 9%. In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3% and inform the Commission immediately.

Initial Margin Minimum 5% or based on SPAN whichever is higher Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both 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 Open Position

For individual client: 60 MT for all Silver contracts combined together For a member collectively for all clients: 300 MT or 15% of the market wide open position whichever is higher, for all Silver contracts combined together.

Delivery

Delivery Unit 1 kg Delivery period margin 25% Delivery Center(s) Designated Clearing House facilities at New Delhi and at

additional delivery centers at Ahmedabad, Mumbai, Hyderabad, Bangalore, Chennai and Kolkata.

Quality Specifications Grade: 999 and Fineness: 999 (as per IS 2112: 1981) No negative tolerance on the minimum fineness shall be permitted. If it is below 999 purity, it is rejected. It should be serially numbered silver bars supplied by LBMA approved suppliers or other suppliers as may be approved by MCX to be submitted along with supplier’s quality certificate.

Due Date Rate Settlement rate is fixed by the Exchange on the last working day of contract expiry month. Exchange shall announce the DDR based on the New Delhi Spot price for Silver polled on the last day by around 5.00 pm. No trading is allowed beyond 5.00 pm on due date.

Delivery Logic Compulsory

Contract Launch Calendar of Silver 1000

Contract Launch Months Contract Expiry Months

On approval from the Commission

January 2014 February 2014 March 2014 April 2014 May 2014 June 2014

August 2013 July 2014 September 2013 August 2014 October 2013 September 2014 November 2013 October 2014 December 2013 November 2014 January 2014 December 2014