The National Commodity & Derivatives Exchange Limited (NCDEX) on December 31, 2024, issued a notification regarding the Futures & Options Contracts Launch in January 2025 and Premium / Discount for grade / delivery location difference.
Referencing Circular August 4, 2023, concerning the Master Circular for the Commodity Derivatives Segment (Point 11.11: Location Premium/Discount). The announcement details the Premium/Discount rates for differences in grade, delivery, and location costs applicable to Futures contracts set to launch on January 1, 2025.
Premium/Discount Details:
Specifics on Premium/Discount for acceptable grade variations and delivery location differences are provided in the attached annexures.
These adjustments will continue to be governed by respective product notes/circulars.
Future Contracts:
For contracts launched on January 1, 2025, Premium/Discount rates will be announced before their launch.
Annexures:
Annexure I: List of Futures Contracts launching on January 1, 2025.
Annexure II: Premium/Discount for Grade Difference.
Annexure III: Premium/Discount for Delivery Location Difference.
Annexure IV: Premium/Discount for Grade and Location Difference.
Members and constituents are advised to refer to the annexures for further details.
[Notification No. NCDEX/TRADING-061/2024]
