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NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED

Circular No. : NCDEX/CLRG/2003/1

Date of Issue: December 2, 2003

Sub: Clearing and Settlement procedures

In pursuance of NCDEX Rules, Regulations & Bye-laws, Members are hereby notified the following:

1. Base Capital 2. Settlement Procedure 3. Clearing Days And Scheduled Time 4. Closing Out 5. Clearing Banks 6. Depository Participants 7. Settlement Guarantee Fund 8. Annexures

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1. BASE CAPITAL

1.1. Base Minimum Capital

On approval as a member of National Commodity & Derivatives Exchange Limited (NCDEX), the member has to deposit Base Minimum Capital (BMC) with NCDEX. Base Minimum Capital comprises of the following:

• Interest Free Cash Security Deposit

• Collateral Security Deposit

1.1.1. Interest Free Cash Security Deposit

An amount of Rs. 15 Lacs by Trading cum Clearing Members (TCM) and Rs. 25 Lacs by Professional Clearing Members (PCM) is to be provided in cash. The same is to be provided by issuing a cheque / demand draft payable at Mumbai in favour of National Commodity & Derivatives Exchange Limited.

1.1.2. Collateral Security Deposit

The minimum-security deposit requirement is Rs. 15 Lacs for TCM and Rs. 25 Lacs for PCM. All Members have to comply with the security deposit requirement before the activation of their trading terminal.

Members may opt to meet the security deposit requirement by way of the following:

1.1.2.1. Cash

The same is to be provided by issuing a cheque / demand draft payable at Mumbai in favour of National Commodity & Derivatives Exchange Limited

1.1.2.2. Bank Guarantee

Bank guarantee in favour of NCDEX as per the specified format as given in Annexure 1 from approved banks (Annexure 9). NCDEX may not accept bank guarantees in excess of 15% of issuing bank’s net worth. The bank shall submit their audited net worth every 6 months i.e. March and September ending for continuance of empanelment.

The bank guarantee should be on a non-judicial stamp paper of Rs.100 or the value prevailing in the State where executed, whichever is higher. The minimum term of the bank guarantee should be 12 months.

The prescribed format of the bank guarantee shall be collected by the member from NCDEX offices or website (www.ncdex.com) and the member must ensure that the same prescribed format is used by the bank for purpose of the issue of bank guarantee by filling all the blanks and putting their stamp and signature against each blank. All irrelevant portions struck off on the prescribed format should also be authenticated by the bank. Each page of the bank guarantee should bear the bank guarantee number and should be signed by authorized signatory(ies) of the bank. The member should also ensure that the bank guarantee is free from any discrepancy before the same is submitted to NCDEX. In case the bank guarantee

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does not conform to the above-mentioned conditions, the same will not be accepted / treated as sufficient compliance for the purpose till the same is rectified, as required.

1.1.2.2.1. Renewal of Bank Guarantee

In case of renewal of bank guarantees, the members shall furnish the renewal document strictly in the prescribed format. The renewal of the bank guarantee should be for a minimum period of 12 months. The formats to be used in case of such renewals are given as Annexure 2(a).

The renewed bank guarantee / fresh bank guarantee should be submitted to NCDEX 1 month before the day on which the earlier bank guarantee is due to expire.

In case the renewal of the bank guarantees / fresh bank guarantees are not submitted within the above mentioned period, suitable action including withdrawal of trading facility would be initiated against the member without any further reference or notice. The format for release of bank guarantee is given as Annexure 2(b)

1.1.2.3. Fixed Deposit Receipt

Fixed Deposit Receipts (FDRs) issued by approved banks are accepted. The format of submission of FDRs is given as Annexure 3. The FDR should be issued for a minimum period of 36 months from any of the approved banks. The FDR should be issued in the favour of “National Commodity & Derivatives Exchange Limited - A/c Member Name” and should be deposited in the safe custody of NCDEX.

Banks can also submit auto renewal letters for renewal of FDR for the benefit of the accrued interest as per formats given in Annexure 4(a) and 4(b). Renewals of the said FDRs shall be the sole responsibility of the Member. The format for release of FDR is given as Annexure 2(b).

1.1.2.4. Government of India Securities

National Securities Clearing Corporation Limited (NSCCL) is the approved custodian for acceptance of Government of India Securities. The procedure for acceptance of Government of India Securities and the list of approved securities are given as Annexure 5(b). The securities are valued on a daily basis and a haircut of 25% is levied.

1.1.2.5. Maintaining Minimum Level of Security Deposit:

Members are required to maintain minimum level of security deposit i.e. Rs. 15 Lacs in case of TCM and Rs. 25 Lacs in case of PCM at any point of time. If the security deposit falls below the minimum required level NCDEX may initiate suitable action including withdrawal of trading facilities as given below:

• If the security deposit shortage is equal to or greater than Rs. 5 Lacs, the trading facility would be withdrawn with immediate effect.

• If the security deposit shortage is less than Rs. 5 Lacs the member would be given 1 calendar week’s time to replenish the shortages and if the same is not done within the specified time the trading facility would be

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withdrawn.

Further, shortfall in the value of security deposit shall attract as stipulated by NCDEX from time to time as specified by the Exchange. NCDEX reserves rights to review and change penalty provisions as deemed fit without any further notice.

1.2. Additional Base Capital (ABC)

In case the members desire to increase their limit, additional capital may be submitted to NCDEX in the following forms:

• Cash

• Bank Guarantee (BG)

• Fixed Deposit Receipt (FDR)

• Government of India Securities

The minimum cash component shall be 50%. The cash component may be in the form of cash or cash equivalents. Cash equivalents would be as follows.

a. Cash equivalent shall include FDRs, bank guarantees, and Government of India Securities.

b. The haircut for Government of India securities shall be 25%.

1.2.1. Cash

The settlement account of the member is to be debited for the cash component. Format of letter to be given by the member for debit and release of cash is given as Annexure 6 and Annexure 7 respectively.

1.2.2. Bank Guarantees

Bank guarantee in favour of NCDEX as per the specified format given in Annexure 8 from approved banks. NCDEX may not accept bank guarantees in excess of 15% of issuing bank’s net worth. The bank shall submit their audited net worth every six months i.e. March and September ending for continuance of empanelment.

The bank guarantee should be on a non-judicial stamp paper of Rs.100 or the value prevailing in the State where executed, whichever is higher. The minimum term of the bank guarantee should be 12 months.

The prescribed format of the bank guarantee shall be collected by the member from NCDEX offices or website (www.ncdex.com) and the member must ensure that the same prescribed format is used by the bank for purpose of the issue of bank guarantee by filling all the blanks and putting their stamp and signature against each blank. All irrelevant portions struck off on the prescribed format should also be authenticated by the bank. Each page of the bank guarantee should bear the bank guarantee number and should be signed by an authorized signatory(ies) of the bank. The member should also ensure that the bank guarantee is free from any discrepancy before the same is submitted to NCDEX. In case the bank guarantee does not conform to the above mentioned conditions, the same will not be accepted

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/ treated as sufficient compliance for the purpose till the same is rectified, as required.

1.2.2.1. Renewal of Bank Guarantee

In case of renewal of bank guarantees the TM clearing members shall furnish the renewal document strictly in the prescribed format, Annexure 2(a), 7 days before the date of expiry of the Bank Guarantee.

1.2.3. Fixed Deposit Receipts (FDR)

Fixed Deposit Receipts (FDRs) issued by approved banks. The format of submission of FDRs is given as Annexure 3. The FDR should be issued for a minimum period of 3 months. The FDR should be issued in favour of “National Commodity & Derivatives Exchange Limited - A/c Member Name” and should be deposited in the safe custody of NCDEX.

Banks can also submit auto renewal letters for renewal of FDR/for the benefit of the accrued interest as per formats given in Annexure 4(a) and 4(b). Renewals of the said FDRs shall be the sole responsibility of the Member.

1.2.4. Government of India Securities

NSCCL is the custodian for acceptance of Government of India Securities. The procedure for acceptance of Government of India Securities is given as given in item 1.2.4. above. The securities are valued on a daily basis and a haircut (margin) of 25% is levied.

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2. SETTLEMENT PROCEDURE

2.1. Daily Mark to Market Settlement and Final settlement for Futures Contract.

2.1.1. Daily Mark to Market settlement and Final Mark to Market settlement in respect of admitted deals in Futures Contracts shall be cash settled by debiting / crediting of the clearing accounts of Clearing Members with the respective Clearing Bank.

2.1.2. All positions (brought forward, created during the day, closed out during the day) of a Clearing Member in Futures Contracts, at the close of trading hours on a day, shall be marked to market at the Daily Settlement Price (for Daily Mark to Market Settlement) and settled.

2.1.3. All positions (brought forward, created during the day, closed out during the day) of a Clearing Member in Futures Contracts, at the close of trading hours on the last trading day, shall be marked to market at Final Settlement Price (for Final Settlement) and settled.

2.1.4. Daily Settlement Price shall be the consensus closing price as arrived after closing session of the relevant Futures contract for the Trading day. However, in the absence of trading for a contract during closing session, daily settlement price shall be computed as per the methods as prescribed by the Exchange from time to time.

2.1.5. Final Settlement Price shall be the closing price of the underlying commodity on the last trading day of the Futures contract.

2.1.6. All open positions in a Futures contract shall cease to exist after its expiration day.

2.2. Submission of Delivery Information on Expiry Date of a Futures Contract

2.2.1. On Expiry date of a Futures Contract, Members are required to submit delivery information through Delivery Request window on Trader workstations provided by NCDEX for all Open positions for a Commodity for all Constituents individually.

2.2.2. NCDEX on receipt of such information, shall match the information and arrive at Delivery positions for a Member for a Commodity. A detailed report containing all matched and unmatched requests is provided to Members through the Extranet.

2.3. Failure to submit delivery information

2.3.1. Pursuant to Regulations relating to submission of delivery information, failure to submit delivery information for open positions will attract penal charges as stipulated by NCDEX from time to time.

2.3.2. NCDEX will also add all such Open positions for a Member, for which no delivery information is submitted with final settlement obligations of the Member concerned and settled in Cash.

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2.4. Non-fulfillment of settlement obligations

Non-fulfillment of either the whole or part of the settlement obligations will be treated as a violation of the Rules, Bye-Laws and Regulations of NCDEX and will attract penal charges as stipulated by NCDEX from time to time. In addition and without prejudice to the foregoing, NCDEX may, within such time as it may deem fit withdraw any or all of the membership rights of Clearing member including the withdrawal of trading facilities of all Trading Members clearing through such Clearing Members, without any notice.

In addition, the outstanding positions of such Clearing Member and / or Trading Members and / or constituents, clearing and settling through such Clearing Member, may be closed out forthwith or any time thereafter by the Exchange, at the discretion of NCDEX, to the extent possible, by placing at the Exchange, counter orders in respect of the outstanding position of Clearing Member without any notice to the clearing member and / or Trading Member and / or constituent, and such action shall be final and binding on the clearing member and / or Trading Member and / or constituent. NCDEX may also initiate such other risk containment measures as it deems fit with respect to the open positions of the Clearing Member and / or Trading Member and / or constituent.

NCDEX may, in addition to the foregoing provisions, take additional measures like, imposing penalties, collecting appropriate deposits, invoking bank guarantees/ fixed deposit receipts, realizing money by disposing off the securities and exercising such other risk containment measures as it deems fit and may further take such disciplinary action as it may deem fit and appropriate in this regard.

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3. CLEARING DAYS AND SCHEDULED TIME

3.1. Daily Mark to Market Settlement for Futures Contracts

The settlement schedule for Daily Mark to Market settlement for futures contracts will be as detailed below:

Daily Mark to Market settlement where 'T' is the trading day

Mark to Market Pay-in: T+1 working day on or before 11.00 a.m.

Mark to Market Pay-out: T+1 working day on or after 12.00 noon.

3.2. Final settlement for Futures Contracts

The settlement schedule for Final settlement for futures contracts will be as detailed below for each commodity:

Timings for Funds settlement:

Pay-in: On Scheduled day as per calendars given below: on or before 11.00 a.m.

Pay-out: On Scheduled day as per calendars given below: on or after 12.00 noon.

Final settlement where 'E' is the expiry day of particular Contract

Commodity In

Number of Days

Commodities P/In Day

Commodities P/Out Day

Funds P/In Day

Funds P/Out Day

Gold E+ 2 2 2 2 Silver E+ 4 4 4 4 Soy Bean E+ 7 7 7 7 Soya Oil E+ 7 7 7 7 Rape/Mustard Seed E+ 7 7 7 7 Rape/Mustard Oil E+ 7 7 7 7 RBD Palmolien E+ 7 7 7 7 Crude Palm Oil E+ 7 7 7 7 Cotton J-34 E+ 10 10 10 10 Cotton S-6 E+ 10 10 10 10

3.3. Supplemental settlement for Futures Contracts

The settlement schedule for Supplemental settlement for futures contracts to include adjustments towards quality premium / discounts, quantity gain /loss (wherever allowed) and Close out for shortages will be as detailed below as per commodity:

Supplemental settlement where “E” is the expiry day of particular Contract

Commodity

In Number of Days

Quality / Quantity Adjustment P/In Day

Quality / Quantity Adjustment P/Out Day

Close Out P/In Day

Close Out P/Out Day

Gold E+ 2 2 2 2

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Silver E+ 4 4 4 4 Soy Bean E+ 7 7 7 7 Soya Oil E+ 7 7 7 7 Rape/Mustard Seed E+ 7 7 7 7 Rape/Mustard Oil E+ 7 7 7 7 RBD Palmolien E+ 7 7 7 7 Crude Palm Oil E+ 7 7 7 7 Cotton J-34 E+ 10 10 10 10 Cotton S-6 E+ 10 10 10 10

3.4. Supplemental settlement for Sales Tax/VAT Adjustment

The settlement schedule for Supplemental settlement for Sales Tax/VAT adjustment will be as detailed below as per commodity:

Supplemental settlement where “E” is the expiry day of particular Contract

Commodity In Number

of Days Sales Tax

Reporting Day Sales Tax P/In Day

Sales Tax P/Out Day

Gold E+ 4 4 4 Silver E+ 6 6 6 Soy Bean E+ 9 9 9 Soya Oil E+ 9 9 9 Rape/Mustard Seed E+ 9 9 9 Rape/Mustard Oil E+ 9 9 9 RBD Palmolien E+ 9 9 9 Crude Palm Oil E+ 9 9 9 Cotton J-34 E+ 12 12 12 Cotton S-6 E+ 12 12 12

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4. CLOSING OUT

4.1. Closing out

In the event of non-performance by a Clearing Member of any of his obligations as specified in the Bye-laws, Rules and Regulations, or for any other reason that the relevant authority may deem fit, including, action initiated by Government / Statutory / Regulatory Agencies, pursuant to any acts of violation/contravention of any statutes or Rules and / or Regulations framed there under, committed by Clearing Member and / or Constituents clearing and settling through such Clearing Member, the outstanding positions of such Clearing Member and / or such constituents, may be closed out at any time at the discretion of NCDEX, to the extent possible, either by placing, counter orders in respect of the outstanding position of Clearing Member, without any notice to the Clearing Member and / or constituent, or by such other mechanism provided by NCDEX from time to time. Such action shall be final and binding on the Clearing Member and / or constituent.

NCDEX may also allow transfer of all or any of the open positions of clients or such other open positions of such Clearing Members, as may be specified from time to time, to any other Clearing Member, who agrees to accept such transfer, subject to such terms and conditions as may be specified by NCDEX from time to time.

NCDEX may initiate such other risk containment measures as it deems fit with respect to the open positions of the Clearing Member and / or constituent.

In addition and without prejudice to the foregoing, NCDEX may, within such time as it may deem fit withdraw any or all of the membership rights of the Member, without any notice.

NCDEX may, in addition to the foregoing provisions, take additional measures like, imposing penalties, collecting appropriate deposits, invoking bank guarantees/ fixed deposit receipts, realizing money by disposing off the securities, and exercising such other risk containment measures as it deems fit and may further take such disciplinary action as it may deem fit and appropriate in this regard.

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5. SALES TAX

The Exchange has examined the implications of trading through NCDEX system under the relevant State sales tax laws and has also sought opinion from independent tax advisors on the matter. The present understanding of the implications are given below for reference.

• Futures contracts are in the nature of agreement to buy or sell at a future date and hence are not liable for payment of sales tax.

• If the futures contract is closed out and settled between the Constituents prior to the settlement date without actually buying or selling the commodities, there is no liability for payment of sales tax.

• When the futures contract fructifies into a sale and culminates into delivery, there would be liability for payment of sales tax. This liability will arise in the State in which the warehouse (into which the goods are lodged by the Constituent) is situated when the commodities are delivered to the buyer.

• Responsibility of the Selling Constituent: It is the responsibility of the selling Constituent to comply with the relevant local State sales tax laws and other local enactments. The selling Constituent will be responsible for the following:

o Obtaining registration under the relevant State sales tax laws, filing or returns, payment of taxes and due compliance of laws.

o Payment of entry tax, octroi, cess, etc., when the commodities are brought into the designated local area for lodging the same with the warehouse.

• Complying with any check-post regulations prescribed under the local sales tax, entry tax or other municipal laws and ensuring that the prescribed documents accompany the goods.

• Liability for Central Sales tax if the commodities are moved from outside the State pursuant to a transaction of sale. The selling Constituent may move the commodities into the warehouse well in advance and ensure compliance of provisions of law.

• Furnishing of duly completed sales invoices, declaration forms and certificates prescribed under the local sales tax, entry tax or other municipal

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laws to enable the buyer to avail of exemption or deduction as provided in the relevant laws.

• Responsibility of the Buying Constituent: It is the responsibility of the buying Constituent to comply with the applicable local State sales tax laws and other local enactments. The buying Constituent will be responsible for the following:

• Obtaining registration under the relevant State sales tax laws based on the purchase of commodities, filing or returns, payment of taxes and due compliance of laws.

• Furnishing of duly completed declaration forms and certificates prescribed under the local sales tax, entry tax or other municipal laws to enable the seller to avail of exemption or deduction as provided in the relevant laws.

• Responsibility of the Clearing Member: It is the responsibility of the respective Trading and Clearing Members to ensure that the selling and the buying Constituent comply with the local State sales tax laws and other local enactments. The Trading and Clearing Members will be responsible for the following:

• Ensuring that the selling Constituents who opt to effect delivery of the commodities are duly registered under the local State sales tax laws, entry tax laws and other municipal laws. For the purpose, the Trading and Clearing Member should obtain copy of the registration certificates of the selling Constituent and from time to time get confirmation from the seller that the registrations are in force.

• Ensure that duly completed invoices are raised by the selling Constituents showing therein all particulars of the transaction, recovery of taxes, etc., which should match with the information provided by the Exchange.

• Ensure that the selling / buying Constituent furnish duly completed declaration forms and certificates to the corresponding buyer / seller as may be prescribed under the local sales tax, entry tax or other municipal laws to enable the buyer / seller to avail of exemption or deduction as provided in the relevant laws.

• Complying with the relevant local State sales tax laws and other local enactments when the Trading and Clearing Members buy or sell on their own account.

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• Disclaimer: The Constituents and Trading and Clearing Members are advised to consult independent advisors in order to ascertain their obligations under local and national tax and commercial laws. The responsibilities of the Constituents and Trading and Clearing Members will be governed by the Bye-laws, Rules and Regulations of the Exchange and the notifications issued from time to time.

6. CLEARING BANKS

6.1. Designated Clearing Bank(s)

Funds to be paid and/or to be received shall be settled through such Banks which are designated as Clearing Banks by the relevant authority from time to time. The designated clearing banks and the branch of the clearing banks are as under:

1) ICICI Bank Limited

30, Mumbai Samachar Marg

Fort, Mumbai 400 001

Phone Nos : 022 - 2265 5284/85/86/87/5206

Fax No.: 022 - 2261 1138

Contact persons:

Mr. Prashant Kamath: 022 - 2265 5207 (M) 98206 93431

Email: prashant.kamath@icicibank.com

Mr. Mahesh Kumar: 022 - 2261 1245 (M) 98206 00923

Email: mahesh.kumar@icicibank.com

2) Canara Bank

N. S. E. Branch

Verma Chambers

11, Homji Street,

Fort, Mumbai 400 001

Phone Nos.: 022 2267 5702

Contact persons:

Mr. M N Subramanya, Senior Manager

Phone Nos.: 022 2269 3157

Fax: 022 2267 0033

Email: mcitynse@canarabank.co.in

3) UTI Bank Limited

Capital Market Division

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Janmabhoomi Bhavan

Janmabhoomi Marg

Fort, Mumbai 400 001

Phone: 022 2204 3035/2655/2664

Fax: 022 2204 2640

Contact persons:

Mr. Sunil Sharma/K Subramanyam

Email: sunil.sharma@utibank.co.in or k.subramanyam@utibank.co.in

4) HDFC Bank Limited

Transactional Banking Group

Kamala Mills Compound

Senapati Bapat Marg

Lower Parel

Mumbai 400 013

Tel No. 022 2498 8484 Ext. 3538

Fax No. 022 2492 3411

Contact persons:

Mr. Srinivas Sishtla / Ganpathy Puranik

E-mail : srinivas.sishtla@hdfcbank.com or ganpathy.puranik@hdfcbank.com

5) In the process of setting up the Clearing bank interface:

Punjab National Bank

Linking Road, Bandra (W), Mumbai 400050

Tel No. (O) 022 2655 9539

Fax No. pnblink@bol.net.com

Contact person:

Mr. Bhupinder Singh, Chief Manager

6.1.1. Every Clearing Member is required to maintain and operate a clearing account with any one of the above designated clearing bank branches. The clearing account shall be used exclusively for clearing operations i.e., for settling funds and other obligations to NCDEX including payments of margins and penal charges.

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6.1.2. A Clearing Member can deposit funds into this account, but can withdraw funds from this account only in his self-name.

6.1.3. A Clearing Member having funds obligation to pay is required to have clear balance in his clearing account on or before the stipulated pay-in day and the stipulated time.

6.1.4. Clearing Members shall authorize their Clearing Bank to access their clearing account for debiting and crediting their accounts as per the instructions of NCDEX, reporting of balances and other operations as may be required by NCDEX from time to time as per the format given in Annexure 14.

6.1.5. The Clearing Bank will debit/credit the clearing account of Clearing Members as per instructions received from time to time from NCDEX.

6.2. Procedure for change in Clearing Banks

In case a Clearing Member wants to close a clearing account with one designated clearing bank and to open a clearing account with another designated clearing bank, the following procedure is required to be followed:

6.2.1. The Clearing Member shall request NCDEX in writing seeking its permission to close a clearing account with one designated clearing bank and to open a clearing account with another designated clearing bank.

6.2.2. The relevant authority may, subject to fulfillment of such terms and conditions by Clearing Member as the relevant authority may impose from time to time, issue a letter of introduction addressed to the clearing bank for account opening where Clearing Member wants to open an account.

6.2.3. The introduction letter is required to be submitted to the respective clearing bank where the member wants to open an account.

6.2.4. The Clearing Member within three days of opening the account with the designated clearing bank must submit the new clearing account number to NCDEX.

6.2.5. NCDEX will inform the Clearing Member a date from which the clearing account will be made operational by NCDEX.

6.2.6. Subsequently, NCDEX will intimate the Clearing Member a date on which the Clearing Member may close the earlier clearing account in the respective clearing bank.

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7. DEPOSITORY PARTICIPANTS

The names, addresses and contact details of Depository Participants empanelled by the Exchange for Dematerialized are given below. The list may undergo changes from time to time at the discretion of the Exchange.

1) ICICI Bank Limited

30, Mumbai Samachar Marg, Fort, Mumbai 400 001

Phone Nos: 022 - 2265 5284/85/86/87/5206

Fax No.: 022 - 2261 1138

Contact persons:

Mr. Prashant Kamath: 022 - 2265 5207 (M) 98206 93431

Email: prashant.kamath@icicibank.com

Mr. Mahesh Kumar: 022 - 2261 1245 (M) 98206 00923

Email: mahesh.kumar@icicibank.com

2) Canara Bank

N. S. E. Branch

Verma Chambers, 11, Homji Street,

Fort, Mumbai 400 001

Phone Nos.: 022 2267 5702

Contact persons:

Mr. M N Subramanya, Senior Manager

Phone Nos.: 022 2269 3157

Fax: 022 2267 0033

Email: mcitynse@canarabank.co.in

3) UTI Bank Limited

Unit No. 14, Corporate Park, Sion-Trombay Road,

Chembur,

Mumbai 400 071

Contact persons:

Mr. Prasanna Acharya

Tel: 022 55979292

Email: prasanna.acharya@utibank.co.in

4) Global Trust Bank Limited

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Global Securities Banking

2nd floor, Hari Chambers,

58/64, Shahid Bhagat Singh Marg,

Fort, Mumbai 400 001

Contact persons:

Mr. G Balachandran

Chief Manager

Phone: 022 2264 4920

Fax: 022 2269 4257

Email: bala@globaltrustbank.com

5) Infrastructure Leasing & Financial Services Ltd.

IL&FS House, Plot No. 14, Raheja Vihar,

Chandivli, Andheri East

Mumbai 400 072

Contact persons:

Mr. S Venkataraghavan

Senior Manager

Tel: 022 2857 7729

Fax: 022 2857 9571

Email: Venkataraghavan.s@ilfsindia.com

6) Stock Holding Corporation of India Limited

Mittal Court, `B’ Wing, 2nd Floor

224, Nariman Point, Mumbai 400 021

Tel No. 022 2883 0893/ 2285 5150

Fax No. 022 285 2978

Contact Person:

Mrs. Kanchana Roy – Divisional Manager

E-mail: derivatives@stockholding.com

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7) Punjab National Bank

Linking Road, Bandra (W), Mumbai 400050

Tel No. (O) 022 2655 9539

Fax No. pnblink@bol.net.com

Contact person:

Mr. Bhupinder Singh, Chief Manager

7.1.1. Every Clearing Member is required to maintain and operate a CM Pool Account with any one of the above empanelled DPs. The CM Pool account shall be used exclusively for clearing operations i.e., for effecting and receiving deliveries from NCDEX.

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8. SETTLEMENT GUARANTEE FUND

In pursuance to the Byelaws, administration of, contributions to, the Settlement Guarantee Fund for the deals executed on the Exchange and charges for utilization of the same are specified herein.

8.1. Settlement Guarantee Fund

A separate Settlement Guarantee Fund will be maintained in respect of the Exchange.

Utilization of Settlement Guarantee Fund towards settlement obligations shall be in accordance with admitted deals, unless specifically excluded by the relevant authority from time to time.

Pursuant to the above, the following settlement obligations are specifically excluded:

• Settlement obligation arising out of any deal where in the opinion of the Exchange, there is prima facie suspicion of fraud, willful misrepresentations, malpractice or are subject to any investigation by the relevant authority of either the Exchange or by any statutory authority or are deals which are not properly executed in accordance with the respective Bye-laws, Rules and Regulations of the Exchange.

8.2. Contribution towards Settlement Guarantee Fund

Clearing Members are required to provide initial deposits to the Settlement Guarantee Fund as specified hereunder:

Type of Clearing Member Cash Deposit

(Rs. Lacs) BG or FDRs or Approved GoI

Securities (Rs. Lacs)

Trading-cum-Clearing Member 15 15

Professional Clearing Member 25 25

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8.3. Penal Charges for utilization of Settlement Fund

In the event of a Clearing Member failing to meet his obligations to NCDEX in respect of cases specified pursuant to Byelaws, NCDEX may, at its discretion, utilize the Settlement Guarantee Fund to the extent and in such manner as necessary.

The Clearing Member shall be required to immediately pay the amount so utilized and also pay a penal charge as stipulated by NCDEX from time to time. The penal charges shall be without prejudice to any other right and liability of the Clearing Member.

For and on behalf of

The National Commodity and Derivatives Exchange Ltd.

Meher Baburaj

Chief Operating Officer

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9. ANNEXURES

Annexure No. Particulars Annexure – 1 Bank Guarantee (BG) For Security Deposit (SD) Annexure – 2(a) Renewal of BG For SD / Margin Deposit Annexure – 2(b) Letter For Release of Bank Guarantee/Fixed Deposit Receipt For

Additional Base Capital/Security Deposit (ABC/SD) Annexure – 3 Submission of Fixed Deposit Receipt Towards Security Deposit /

Margin Deposit Ncdex Annexure – 4(a) Letter To Be Given By Bank Issuing The FDR To Ncdex (In Case

of Auto Renewal Where The Old FDR No. Is Changed) Annexure – 4(b) Letter To Be Given By Bank Issuing The FDR To Ncdex (In Case

of Auto Renewal Where The Old FDR No. Is Same) Annexure – 5 Procedure of Acceptance of Government of India Securities Annexure – 5(a) Format of The Power of Attorney In Favour of NSCCL Annexure – 5(b) List of Approved Government of India Securities Annexure – 6(a) Letter For Debit of Cash Towards ABC/ SD Annexure – 6(b) Letter For Confirmation of Balance By Bank Annexure – 7 Letter For Release of Cash From ABC/ SD Annexure – 8 Bank Guarantee Towards ABC (Margin Deposit) Annexure – 9 List of Approved Banks Annexure – 10 Formats of Data file downloaded to Members for Back-office Annexure – 11 Contact Details of NCDEX Officials

Meher Baburaj

Chief Operating Officer

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Annexure – 1 - Format of Bank Guarantee for Security Deposit Enclosed Bank Guarantee should be stamped as under Non-Judicial stamp paper of Rs.100/- or the value prevailing in the State where executed, whichever is higher. The following is required to be typed on the Stamp Paper as the First Page and duly signed: This Non-Judicial Stamp paper of Rs. ____ forms part and parcel of this Bank Guarantee number _______________ dated _________ issued in favour of NCDEX by us for M/s/Mr. _____________________. FOR ________________________________(BANK)

________________________________(BRANCH) AUTHORIZED SIGNATORIES SEAL OF THE BANK 1) The enclosed prescribed format is required to be used (prescribed formats are

available at the website (www.ncdex.com)) 2) All the blanks in the format are required to be duly filled by the issuing bank along

with their stamp and signature against each blank. 3) Each page of the bank guarantee should bear the bank guarantee number and

should be signed by authorized signatory(ies) of the bank.

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GUARANTEE

This guarantee is issued by ________________________________________ (bank), a body corporate constituted under the ____________________________ Act 19__, having its Head Office at ___________________________________ (hereinafter referred to as the “Bank” which term shall wherever the context so permits, includes its successors and assigns) in favour of NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED, a company established under the Companies Act, 1956 and having its registered office at Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 (hereinafter referred to as “NCDEX” which expression shall include its successors and assigns), WHEREAS 1.Mr./Ms. _______________________________________________________ s/o / d/o / w/o ____________________________________, residing at _________________________ ___________________________________________________ and having his/her office at ___________________________________________________________________________ (Complete Address), (hereinafter referred to as the “Member”, which expression shall include his/her successors and assigns) /* M/s ______________________________________________, a partnership firm registered under the Indian Partnership Act, 1932 and having their office at _______________________________________________________________________________ (Complete Address), (hereinafter referred to as the “Member”, which expression shall include their successors and assigns) /* M/s __________________________________________________________ Limited, incorporated as a company under the Companies Act, 1956 and having its registered office at ___________________________________________________________________________ (Complete Address), (hereinafter referred to as the “Member”, which expression shall include its successors and assigns) * is/are a Member of NCDEX. 2. One of the conditions of Membership of NCDEX is that the Member maintains with NCDEX security deposit in the form of Bank Guarantees, FDRs and Government of India Securities of a value not less than Rs.______________ (Rupees _______________ ___________________ only) after applying suitable margins as prescribed by NCDEX. 3. At the request of the Member, NCDEX has agreed to accept a bank guarantee in lieu of security deposit in the form of Bank Guarantees, FDRs and Government of India Securities in favour of NCDEX from an approved commercial bank for an equivalent amount of Rs.______________ (Rupees __________________________________ only). 4. The Member has requested the Bank to furnish to NCDEX a guarantee for Rs.________________ (Rupees ______________________________only).

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NOW IN CONSIDERATION OF THE FOREGOING, 1. We, the ______________________________________________________ (Name of Bank)

having a branch at _____________________________________ ___________________________________________________________________________ (Complete Address of Branch) at the request and desire of the Member do hereby irrevocably and unconditionally guarantee to pay a sum of Rs.___________, (Rupees __________ _________________________ only) to NCDEX as a security for due performance and fulfillment by the Member of his/her/its engagements, commitments, operations, obligations or liabilities as a Member of NCDEX including any sums due by the Member to NCDEX or any other party as decided by NCDEX arising out of or incidental to any contracts made, executed, undertaken, carried on or entered into or purported so to be, by the Member. The Bank agrees and confirms that the said guarantee shall be available as a security for meeting, satisfying, discharging or fulfilling all or any obligation or liability of the Member as directed and decided by NCDEX, with no reference to the Member.

2. The Bank hereby agrees that if in the opinion of NCDEX, the Member has been or

may become unable to meet, satisfy, discharge or fulfill any obligations, liability or commitments or any part thereof to NCDEX, or its Clearing and Settlement mechanism /arrangement or to any other party as decided by NCDEX, then without prejudice to the rights of NCDEX under its Rules, Bye-laws or Regulations or otherwise, NCDEX may at any time thereafter and without giving any notice to the Member invoke this guarantee to meet the aforesaid obligations, liabilities or commitments of the Member.

3. The Bank undertakes that it shall, on first demand of NCDEX, without any demur,

protest or contestation and without any reference to the Member and notwithstanding any contestation by the Member, pay to NCDEX such sums not exceeding Rs_____________ (Rupees ______________________________ only) as may be demanded by NCDEX. The decision of NCDEX as to the obligations or liabilities or commitments of the Member and the amount claimed shall be final and binding on the Bank, and any demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee.

4. The guarantee shall be a continuing guarantee and remain operative in respect of

each of the obligations, liabilities or commitments of the Member severally and may be enforced as such in the discretion of NCDEX, as if each of the obligations, liabilities or commitments had been separately guaranteed by the Bank. The guarantee shall not be considered as cancelled or in any way affected on any demand being raised by NCDEX but shall continue and remain in operation in respect of all subsequent obligations, liabilities or commitments of the Member. However the maximum aggregate liability of the Bank during the validity of the guarantee shall be restricted to an aggregate sum of Rs.______________ (Rupees ______________ ____________________ only).

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a. Notwithstanding the above, the Bank notes that the nature of operations of the Member is such that the obligations, liabilities or commitments of the Member are of a continuing nature and as such, Bank agrees that this guarantee can be invoked by NCDEX even in respect of the obligations, liabilities or commitments of the Member towards NCDEX which might have arisen prior to the execution of this guarantee.

5. This guarantee shall not be prejudiced by the failure of the Member to comply with

the Rules or Bye Laws or Regulations of NCDEX or any terms and conditions attendant to the Membership of NCDEX. NCDEX shall be at liberty to vary, amend, change or alter any terms or conditions or its Rules or Bye Laws or Regulations of Membership to NCDEX in general or as applicable to the Member in particular from time to time, without thereby affecting its rights against the Member or the Bank or any other security belonging to Member now or hereafter held or taken by NCDEX at any time. The discretion to make demands under this guarantee shall exclusively be that of NCDEX and NCDEX is entitled to demand hereunder notwithstanding being in possession of any deposits or other securities of the Member.

6. The validity of this guarantee shall not be affected in any manner whatsoever if

NCDEX takes any action against the Member including DECLARATION OF A DEFAULTER, SUSPENSION or EXPULSION of the Member from the membership of NCDEX.

7. We, _______________________________________________ (indicate the name of bank)

further agree with NCDEX that the NCDEX shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of membership of the Member, Rules, Bye Laws and/or Regulations or to extend time of performance by the said Member from time to time or to postpone for any time or from time to time any of the powers exercisable by the NCDEX against the said Member and to forbear or enforce any of the terms and conditions relating to the membership and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said Member or for any forbearance, act or omission on the part of the NCDEX or any indulgence by the NCDEX to the said Member or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us.

8. This guarantee shall not be affected by any change to the constitution of NCDEX or

the Member or the Bank and it shall remain in force notwithstanding any forbearance or indulgence that may be shown by NCDEX to Member.

9. The Bank undertakes to pay to NCDEX, the amount hereby guaranteed within 24

hours of being served with a written notice requiring the payment of the amount either by hand delivery or by Registered Post or by Speed Post.

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10. This guarantee may be invoked by NCDEX in part(s) without affecting its rights to invoke this guarantee for any liabilities that may devolve later.

11. The Bank undertakes not to revoke this guarantee during its currency except with

the previous consent of NCDEX in writing and this guarantee shall be a continuous and irrevocable guarantee upto a sum of Rs. ___________________ (Rupees ______________________________________________ only).

12. Notwithstanding anything mentioned herein above, the liability of the Bank under

this guarantee shall not exceed Rs. ______ (Rupees _________________________ only) and it shall be valid for a period of 12 months i.e. up to ________.

13. The bank is liable to pay the guaranteed amount only if NCDEX serves upon the

Bank a written claim or demand on or before _____ (Date of expiry of the bank guarantee).

Executed this ____________________day of _______________________ at ____________ (place). FOR _____________________________________(BANK) _________________________________(BRANCH) AUTHORIZED SIGNATORIES SEAL OF THE BANK * Delete whichever is not applicable

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Annexure - 2(a) Format for Renewal of Bank Guarantee for Margin Deposit or Security Deposit The following is required to be typed on a non-judicial stamp paper of Rs. 100/- or the value prevailing in the State where executed, whichever is higher and duly signed: This non-judicial stamp paper of Rs. _________ /- forms part and parcel of this extension letter dated _______________ for Bank guarantee bearing no ________________________ dated ______________ issued in favour of NCDEX by us for M/s/ Mr./Ms _________________________________________________. FOR ________________________________(BANK)

________________________________(BRANCH) AUTHORIZED SIGNATORIES SEAL OF THE BANK 1) The enclosed prescribed format is required to be used (prescribed formats are

available at the website (www.ncdex.com)) 2) All the blanks in the format are required to be duly filled by the issuing bank along

with their stamp and signature against each blank.

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To, NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 We, _______________________________________ (Bank) having our registered office at ________________________________________________ and our branch office at _______________________________________________ refer to the Bank Guarantee number: ____________________ executed by us on the __________ day of ____________ 20__ at _____________ (hereinafter referred to as “said guarantee”) on account of Mr./Ms./M/s. ____________________________________________________ having his/her/ its/registered office at________________________________________________________ __________________________________________________________________________(hereinafter referred to as a ‘Member’) for a sum of Rs ______________ (Rupees __________________________________________________only) in your favour. The validity of the said guarantee was upto ____________________________. With reference to the same we state as hereunder: At the request of the Member, we extend the period of the validity of the said guarantee upto __________________. The said guarantee may be invoked by NCDEX in part(s) without affecting its rights to invoke the said guarantee for any liabilities that may devolve later.

Notwithstanding anything mentioned herein above, a) The liability of the Bank under this guarantee shall not exceed Rs. _______________

(Rupees ________________________________________ only) b) This guarantee shall be valid for a period of twelve months i.e. upto

_______________. c) The bank is liable to pay the guaranteed amount only if NCDEX serves upon the

Bank a written claim or demand on or before ________________ (i.e. within ___ months after the date of expiry of the bank guarantee as mentioned in clause b above).

We hereby affirm and confirm that save and except to the extent as provided for herein above, the said guarantee together with all other terms and conditions therein shall remain operational and in full force and effect till _________________________. Signed for and on behalf of _________________________________ on this ____________ day of _____________________ at ___________________. FOR ________________________________(BANK)

________________________________(BRANCH)

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AUTHORIZED SIGNATORIES SEAL OF THE BANK

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Annexure - 2(b) Letter for release of BG/ FDR for Margin Deposit/ Security Deposit To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir / Madam: Sub: Release of BG / FDR given towards SD / ABC You are requested to release the following BG/ FDR submitted earlier towards security deposit/ additional base capital: Sr. No. BG / FDR No. Issue Date Maturity Date Amt. in Rs. Yours faithfully, Authorized Signatory Name: Designation:

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Annexure - 3 Format for submission of Fixed Deposit Receipt towards additional base capital/ security deposit Part A - Draft of the Letter to be given by the Member to NCDEX To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir, Ref: TM Name - __________________________________ TM Code - ___________ As required by NCDEX and in compliance of its norms, we have to furnish you additional base capital / security deposit. Accordingly we have furnished the same in the form of FDR placed with ________________ Bank, issued as NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED - A/c Member Name for Rs. ____________. The details of FDR are as under: FDR No. Issue Date Amount in Rs. Maturity Date

I / We hereby agree and consent that you i.e., NCDEX, shall have an irrevocable authority to encash the said FDR and to withdraw the said FDR amount at any time, even prior to maturity without notice to me / us for adjustment of NCDEX dues and we have no objection whatsoever to the same. Yours faithfully, Authorized Signatory Name: Designation:

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Part B - Draft of the Letter to be given by the Bank Issuing the FDR to NCDEX To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir, We refer to the fixed deposit receipt (FDR) bearing no. ______________ issued for Rs.___________, in the name of NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED - A/c Member Name. We hereby confirm that i) There is no lock in period for encashment of the said FDR. ii) The amount under the said FDR would be paid to you on demand, on or before the maturity of the said FDR. iii) Encashment whether premature or otherwise would not require any clearance from any other authority / person. iv) We agree that on encashment of FDR, the interest accrued will also be released to you. v) We agree that the FDR will be renewed for such periods as per the instructions of the Member / Custodian / NCDEX. Yours faithfully, Authorized Signatory Name: Stamp of the Bank

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Annexure – 4(a) DRAFT OF THE LETTER TO BE GIVEN BY THE BANK ISSUING THE FDR TO NCDEX (In case of Auto renewal where the Old FDR No. is changed) To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir, We refer to the fixed deposit receipt (FDR) issued, in the name of National Commodity & Derivatives Exchange Limited - A/c Member name. Details are as under. FDR No. Issue Date Amount in Rs. Maturity Date

The above FDRs has been renewed for further period of _____months under the auto renewal facility on the request of the Member. Details are as follows. New FDR No Issue Date New Maturity Date Amount in Rs.

We hereby confirm that i) There is no lock in period for encashment of the said FDR. ii) The amount under the said FDR would be paid to you on demand, at any point of time without any reference to the ________________ (name of Member). iii) Encashment whether premature or otherwise would not require any clearance from any other authority / person. iv) We agree that on encashment of FDR, the interest accrued will also be released to you. v) We agree that the FDR will be renewed for such periods as per the instructions of the Member / Custodian / NCDEX. vi) Old instrument will remain invalid and new instrument with new FDR No._____ is issued. Yours faithfully, Authorized Signatory __________ Bank Ltd Stamp of the Bank

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Annexure – 4(b) DRAFT OF THE LETTER TO BE GIVEN BY THE BANK ISSUING THE FDR TO NCDEX (In case of Auto renewal where the Old FDR No. is same) To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir, We refer to the fixed deposit receipt (FDR) issued, in the name of National Commodity & Derivatives Exchange Limited - A/c Member name. Details are as under. FDR No Issue Date Amount in Rs. Maturity Date

The above FDRs has been renewed for further period of _____months under the auto renewal facility on the request of the Member. Details are as follows. Renewal Date Amount in Rs. New Maturity Date

We hereby confirm that i) There is no lock in period for encashment of the said FDR. ii) The amount under the said FDR would be paid to you on demand, at any point of time without any reference to the ________________ (name of Member). iii) Encashment whether premature or otherwise would not require any clearance from any other authority / person. iv) We agree that on encashment of FDR, the interest accrued will also be released to you. v) We agree that the FDR will be renewed for such periods as per the instructions of the Member / Custodian / NCDEX. vi) Old instrument will remain valid. Yours faithfully, Authorized Signatory __________ Bank Ltd Stamp of the Bank

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Annexure – 5 Procedure for acceptance of Government of India Securities 1. Members are requested to open SGL - II account with NSCCL.

Contact Details for Opening of Constituent SGL Account Name National Securities Clearing Corporation Limited Contact Persons Ms. Prachi / Renuka Address Exchange Plaza, G-1, Bandra Kurla Complex, Bandra (E),

Mumbai. State Maharashtra Pin code 400 051 Telephone Nos. 26598289 Fax No 26598290

2. The list of securities shall be accepted in Demat form only. 3. Member needs to provide power of attorney to NSCCL (as custodian of NCDEX).

Format of Power of Attorney is enclosed in Annexure 5(a). 4. The Securities shall be accepted with haircut of 25%. 5. The valuation shall be done on daily basis. 6. If the security is traded on the day, valuation shall be done based on value

weighted average price arrived in the WDM segment. If the security is not traded during the day the price of the security shall be calculated based on ZCYC curve by using end of day parameters, on a daily basis.

7. Interest payment received in respect of securities shall be passed on to the member, by SGL section, as done for any SGL- II account.

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Annexure 5(a) Format of the Power of Attorney in favour of NSCCL (ON NON-JUDICIAL STAMP PAPER OF RS.100/-) TO ALL TO WHOM THESE PRESENTS shall come, we: (1). [_____________], - member incorporated under the laws of [____] and having its

[registered office/ branch in India] at [______] WHEREAS we are admitted as the member of the National Commodity & Derivatives Exchange Limited (NCDEX) and have agreed to bound by the terms and conditions of such membership so prescribed by NCDEX and more particularly stated in the Bye-Laws, Rules and Regulations of NCDEX. AND WHEREAS we shall maintain a Constituent SGL Account with the National Securities Clearing Corporation Limited (NSCCL) for holding our Security Deposit / Additional Base Capital furnished in the form of Government of India Securities and whereas in terms of the Bye-laws, Rules and Regulations on our being admitted as a member of NCDEX we have agreed to execute an irrevocable power of attorney in favour of the NSCCL to enable and empower NCDEX

a) to sell / dispose of or otherwise effect any other transfer of the Said securities in such manner to cover any payment arising out of transactions which are cleared and settled by NCDEX in terms of the Bye-laws, Rules and Regulations of NCDEX,

b) any deficit / shortfall arising on account of non-payments to NCDEX on any settlement date in terms of the Regulations relating to settlement of transactions in order to complete the day to day obligations by us,

c) any recovery arising out of default by us in relation to funds and/or securities obligations or to utilize the security deposits made by us towards Additional Base Capital lying in the Constituent SGL account with NCDEX to meet our shortfall or shortfall of any other member or

d) to transfer, create any form of lien, charge or encumbrance on our funds / securities lying in the Constituent SGL account as may be required by NCDEX from time to time to secure any line of credit or other similar arrangement which NCDEX may enter into to meet funds / securities shortfalls either on our behalf and / or on behalf of other members.

NOW KNOW YE ALL MEN BY THESE PRESENTS that WE, [____________] irrevocably do hereby nominate, constitute and appoint NCDEX / NSCCL severally to be our true and lawful Attorney (hereinafter to referred to as “our Attorney”) in fact and in law in our name and on our behalf to do the following acts, deeds, matters and things namely: 1. To sign, instruct or execute such instrument, document or authority in our name

and on our behalf for making a debit or a payment to NCDEX out of our

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constituent SGL account with NCDEX, which may arise out our obligations at any time.

2. To do all acts, deeds and things as may be necessary to do so as to better assure

and further perfect the rights of NCDEX pursuant to our admission as a member of NCDEX in terms of the Membership documentation in regard to our Constituent SGL account with NCDEX

3. To sign, instruct or execute such instrument, document or authority in our name

and on our behalf to transfer, create any form of lien/charge/ encumbrance on our funds/securities lying in the Constituent SGL account as may be required by NCDEX from time to time to secure any line of credit or other similar arrangement which NCDEX may enter into to meet funds/securities shortfalls either on our behalf and/or on behalf of any other member;

4. To delegate all or any of the powers, authorities and liberties hereunder vested and to appoint any substitute or substitutes limited to any one or more purpose or purposes as our Attorney shall from time to time desire in that behalf.

5. To have place the said securities in the absolute disposition of NCDEX in such a

manner as decided by NCDEX and such possession and disposition may be apparent and indisputable notwithstanding to the fact that Member may be permitted to have access to the said securities in manner and subject to such terms and conditions as may be determined by NCDEX.

AND WE hereby agree to ratify and confirm all and whatsoever acts our Attorney shall do or purport to do or cause to be done by virtue of these presents. We also agree, declare and undertake: 1. That all the said securities are in existence owned by him/her/it and free from any

prior charge, lien or encumbrance.

2. That without NCDEX prior written permission to create any charge, lien or encumbrance of any kind upon or over the said security.

3. That the said security shall be available at the disposal of NCDEX as continuing security and remain available in respect of the obligations, liabilities or commitments of the me/us jointly or severally and may be utilized as such in the discretion of NCDEX.

4. That the deposit of the Said Securities shall not be affected in any manner

whatsoever if NCDEX takes any action against me/us including suspension or expulsion or declaration as a defaulter.

5. That NCDEX shall not be under any liability whatsoever to me/us or any other

such person for any loss, damage, expenses, costs etc arising out of the deposits

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of the said securities, in any manner due to any cause whatsoever, irrespective of whether the said securities are in possession of NCDEX or not at the time of such loss or damage or the happening of the cause thereof.

6. I/We shall at all times indemnify and keep indemnified NCDEX from and against all suits, proceedings, costs, charges, claims and demands whatsoever that may at any point of time arise to be brought or made by any person against NCDEX in respect of any acts, matters and things lawfully done or caused to be done by NCDEX in connection with the said securities or in pursuance of the rights and powers of NCDEX under this deed.

AND this Power of Attorney being given for valuable consideration shall be irrevocable. In witness whereof I/We have affixed my/our signature(s) on ________ day of 20__ at _________. For and behalf of [__________] Before me, Authorized Signatory Notary Public

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Annexure 5(b) List of Approved Government of India Securities

Govt. of India Securities

Sr. No. Security Description Maturity Date

1. 11.40% Govt. Stock 2008 31.08.2008 2. 11.99% Govt. Stock 2009 07.04.2009 3. 10.95% Govt. Stock 2011 30.05.2011 4. 9.39% Govt. Stock 2011 02.07.2011 5. 11.50% Govt. Stock 2011 05.08.2011 6. 7.27% Govt. Stock 2013 03.09.2013 7. 9.85% Govt. Stock 2015 16.10.2015 8. 8.07% Govt. Stock 2017 15.01.2017 9. 7.49% Govt. Stock 2017 16.04.2017 10. 7.46% Govt. Stock 2017 28.08.2017 Govt. of India Treasury Bills Sr. No. Security Description Maturity Date 1. 364 day T-bill 05.03.2004

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Annexure – 6(a) Draft of the Letter to be given by the Member for submitting Additional Base Capital / Security Deposit by way of cash deposit To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir or Madam: Sub: ABC/ SD Cash Debit Member Code : __________ Bank Account No. : __________ Bank Name : __________ You are requested to debit my a/c for “Rs.___ Lacs (in words)” as mentioned above towards additional base capital. This is in addition to “Rs. ____________________ Lacs (in words)” already given today. Total amount including this letter = “Rs.________________________ Lacs (in words)”. I/We understand that the said amount would be withheld with NCDEX till further instruction given by us. Yours faithfully, Authorized Signatory Name: Designation:

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Annexure 6(b) Letter to be given by the bank confirming availability of funds in member account On Bank Letter Head To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir, Sub: ABC/ SD Cash Debit We confirm that the following amount is/ are available in the settlement account of the member: Sr. No.

Mem Name

A/c No.

Amount already Confirmed (in Rs.)

Additional Amount Confirmed (in Rs.)

Total Amount confirmed(in Rs.)

Time of Confirmation

Description

1 ABC 2 SD We further confirm that the above amount shall be made available during the file run. Yours faithfully, Authorized Signatory Name: Designation:

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Annexure - 7 Draft of the Letter to be given by the Member for release of Additional Base Capital / Security Deposit (cash deposit) To Date: NSCCL – NCDEX Commodities Clearing & Settlement, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dear Sir or Madam: Sub: ABC/ SD Cash Release Member Code : __________ Bank Account No. : __________ Bank Name : __________ You are requested to release an amount of “Rs.___ Lacs (in words)” to my a/c from additional base capital. Kindly note that the same is not being used towards margins. Yours faithfully, Authorized Signatory Name: Designation:

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Annexure - 8 Format of Bank Guarantee towards Additional Base Capital (Margin Deposit) Enclosed Bank Guarantee should be stamped as under Non-Judicial stamp paper of Rs.100/- or the value prevailing in the State where executed, whichever is higher. The following is required to be typed on the Stamp Paper as the First Page and duly signed: This Non-Judicial Stamp paper of Rs. ____ forms part and parcel of this Bank Guarantee number _______________ dated _________ issued in favour of NCDEX by us for M/s/Mr. _____________________. FOR ________________________________(BANK)

________________________________(BRANCH) AUTHORIZED SIGNATORIES SEAL OF THE BANK 1) The enclosed prescribed format is required to be used (prescribed formats are

available at the website (www.ncdex.com)) 2) All the blanks in the format are required to be duly filled by the issuing bank along

with their stamp and signature against each blank. 3) Each page of the bank guarantee should bear the bank guarantee number and

should be signed by authorized signatory(ies) of the bank.

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GUARANTEE This guarantee is issued by ________________________________________ (bank), a body corporate constituted under the ____________________________ Act 19__, having its Head Office at ___________________________________ (hereinafter referred to as the “Bank” which term shall wherever the context so permits, includes its successors and assigns) in favour of NCDEX, a company established under the Companies Act, 1956 and having its registered office at Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 (hereinafter referred to as “NCDEX” which expression shall include its successors and assigns), WHEREAS 1. Mr./Ms. ______________________________________________________ s/o / d/o / w/o

_________________________________, residing at _________________________ ___________________________________________________ and having his/her office at ____________________________________________________________(Complete Address), (hereinafter referred to as the “Member”, which expression shall include his/her successors and assigns) /*

M/s ______________________________________________, a partnership firm registered under the Indian Partnership Act, 1932 and having their office at ___________________________________________________________________________________________________________ (Complete Address), (hereinafter referred to as the “Member”, which expression shall include their successors and assigns) /* M/s __________________________________________________________ Limited, incorporated as a company under the Companies Act, 1956 and having its registered office at ________________________________________________________________________ (Complete Address), (hereinafter referred to as the “Member”, which expression shall include its successors and assigns) * is/are a Member of NCDEX.

2. One of the conditions of Membership of NCDEX is that Member with NCDEX margin

deposits in the form of cash deposit along with Bank Guarantees, FDRs and Government of India securities of such value, after applying suitable margins as prescribed by NCDEX.

3. At the request of the Member, NCDEX has agreed to accept a bank guarantee in lieu

of margin deposit in favour of NCDEX from an approved commercial bank for an equivalent amount of Rs. ______________/- (Rupees __________________________ only).

4. The Member has requested the Bank to furnish to NCDEX a guarantee for Rs.

_____________/- (Rupees ______________________________only). NOW IN CONSIDERATION OF THE FOREGOING,

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1. We, the __________________________ (Name of Bank) having a branch at _____________________________________________________________________________________________________________________________(Complete Address of Branch) at the request and desire of the Member do hereby irrevocably and unconditionally guarantee to pay a sum of Rs. ___________/-, (Rupees ________________________ only) to NCDEX as a security for due performance and fulfillment by the Member of his/her/its engagements, commitments, operations, obligations or liabilities as a Member of NCDEX including any sums due by the Member to NCDEX or any other party as decided by NCDEX arising out of or incidental to any contracts made, executed, undertaken, carried on or entered into or purported so to be, by the Member. The Bank agrees and confirms that the said guarantee shall be available as a security for meeting, satisfying, discharging or fulfilling all or any obligation or liability of the Member as directed and decided by NCDEX, with no reference to the Member.

2. The Bank hereby agrees that if in the opinion of NCDEX, the Member has been or

may become unable to meet, satisfy, discharge or fulfill any obligations, liability or commitments or any part thereof to NCDEX, or its Clearing and Settlement mechanism /arrangement or to any other party as decided by NCDEX, then without prejudice to the rights of NCDEX under its Rules, Bye-laws or Regulations or otherwise, NCDEX may at any time thereafter and without giving any notice to the Member invoke this guarantee to meet the aforesaid obligations, liabilities or commitments of the Member.

3. The Bank undertakes that it shall, on first demand of NCDEX, without any demur,

protest or contestation and without any reference to the Member and notwithstanding any contestation by the Member, pay to NCDEX such sums not exceeding Rs. ___________/- (Rupees ____________________________only) as may be demanded by NCDEX. The decision of NCDEX as to the obligations or liabilities or commitments of the Member and the amount claimed shall be final and binding on the Bank, and any demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee.

4. The guarantee shall be a continuing guarantee and remain operative in respect of

each of the obligations, liabilities or commitments of the Member severally and may be enforced as such in the discretion of NCDEX, as if each of the obligations, liabilities or commitments had been separately guaranteed by the Bank. The guarantee shall not be considered as cancelled or in any way affected on any demand being raised by NCDEX but shall continue and remain in operation in respect of all subsequent obligations, liabilities or commitments of the Member. However the maximum aggregate liability of the Bank during the validity of the guarantee shall be restricted to an aggregate sum of Rs. _____________________/- (Rupees _____________________only).

5. This guarantee shall not be prejudiced by the failure of the Member to comply with

the Rules or Bye-laws or Regulations of NCDEX or any terms and conditions

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attendant to the Membership of NCDEX. NCDEX shall be at liberty to vary, amend, change or alter any terms or conditions or its Rules or Bye-laws or Regulations of Membership to NCDEX in general or as applicable to the Member in particular from time to time, without thereby affecting its rights against the Member or the Bank or any other security belonging to Member now or hereafter held or taken by NCDEX at any time. The discretion to make demands under this guarantee shall exclusively be that of NCDEX and NCDEX is entitled to demand hereunder notwithstanding being in possession of any deposits or other securities of the Member.

6. The validity of this guarantee shall not be affected in any manner whatsoever if

NCDEX takes any action against the Member including DECLARATION OF A DEFAULTER, SUSPENSION or EXPULSION of the Member.

7. This guarantee shall not be affected by any change to the constitution of NCDEX or

the Member or the Bank and it shall remain in force notwithstanding any forbearance or indulgence that may be shown by NCDEX to Member.

8. We, _______________________________________________ (indicate the name of bank) further agree with NCDEX that the NCDEX shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of membership of the Member, Rules, Bye Laws and/or Regulations or to extend time of performance of any obligation/s by the said Member from time to time or to postpone for any time or from time to time any of the powers exercisable by the NCDEX against the said Member and to forbear or enforce any of the terms and conditions relating to the membership and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said Member or for any forbearance, act or omission on the part of the NCDEX or any indulgence by the NCDEX to the said Member or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us.

9. The Bank undertakes to pay to NCDEX, the amount hereby guaranteed within 24 hours of being served with a written notice requiring the payment of the amount either by hand delivery or by Registered Post or by Speed Post.

10. This guarantee may be invoked by NCDEX in part(s) without affecting its rights to

invoke this guarantee for any liabilities that may devolve later. 11. The Bank undertakes not to revoke this guarantee during its currency except with

the previous consent of NCDEX in writing and this guarantee shall be a continuous and irrevocable guarantee upto a sum of Rs. ___________/- (Rupees __________________ only).

12. Notwithstanding anything mentioned herein above, the liability of the Bank under

this guarantee shall not exceed Rs. ______ (Rupees _________________________ only) and it shall be valid for a period of ____ months i.e. up to ________.

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13. The bank is liable to pay the guaranteed amount only if NCDEX serves upon the Bank a written claim or demand on or before _____ (Date of expiry of the bank guarantee).

Executed this _______________day of ______________________ at __________ (place). FOR _____________________________________(BANK) _________________________________(BRANCH) AUTHORIZED SIGNATORIES SEAL OF THE BANK * Strike out whichever is not applicable

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Annexure – 9 List of Approved Banks

Sr. No.

Name of the Bank Sr. No.

Name of the Bank

Public Sector Banks Private Sector Banks 1 Allahabad Bank 1 Federal Bank Ltd. 2 Andhra Bank 2 H D F C Bank Ltd. 3 Bank Of Baroda 3 I C I C I Bank Ltd. 4 Bank Of India 4 I N G Vysya Bank Ltd. 5 Bank Of Maharashtra 5 Indusind Bank Ltd. 6 Canara Bank 6 Jammu & Kashmir Bank Ltd. 7 Corporation Bank 7 Karnataka Bank Ltd. 8 Indian Overseas Bank 8 Karur Vysya Bank Ltd. 9 Oriental Bank Of Commerce 9 Kotak Mahindra Bank Ltd.

10 Punjab National Bank 10 U T I Bank Ltd. 11 State Bank Of India 12 State Bank Of Indore Foreign Banks 13 State Bank Of Patiala 1 A B N-Amro Bank N.V. 14 State Bank Of Saurashtra 2 Citibank N A. 15 State Bank Of Travancore 3 Deutsche Bank 16 Syndicate Bank 4 Hongkong & Shanghai Banking Corpn. Ltd. 17 UCO Bank 5 Standard Chartered Bank 18 Union Bank Of India 19 Vijaya Bank 20 State Bank of Bikaner and Jaipur 21 United Bank of India 22 Indian Bank

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Annexure – 10 Formats of Data file downloaded to Members for Back-office INFORMATION DISSEMINATION TO TRADING / CLEARING MEMBERS Commodities Clearing and Settlement System (CCSS) shall download various reports to trading members/ clearing members, the same may be classified under the following categories: 1. Masters 2. Trades 3. Position 4. Margins 5. Funds 6. Collaterals 7. Physical Settlement

1. Masters • Report name: Contracts Report • File naming convention: NCDEX_CN<01>_DDMMYYYY.CSV • This report is for trading and clearing members. It contains information about the

active contracts for a business day. • This file will be generated after close of trading hours on each business date. • The file structure is given below: Sr. No.

Column No. Data type and MaximumLength

Remarks

1. Date Date(12) Business date in DD-MON-YYYY format

2. Instrument Type Varchar2(10) Contract Descriptor 3. Symbol Varchar2(6) Contract Descriptor 4. Expiry Date Date(11) Contract Descriptor

DD-MON-YYYY format 5. Strike Price Number(9,2) Contract Descriptor 6. Option Type Varchar2(2) Contract Descriptor 7. Corporate Action level Number(2) Contract Descriptor 8. Multiplying Factor

Numerator Number(9) Multiplying Factor

Numerator Of the Contract 9. Multiplying Factor

Denominator Number(9) Multiplying Factor

Denominator of the Contract 10. Price Unit Varchar2(10) Price Unit of the Contract 11. Quantity Unit Varchar2(10) Quantity Unit Of the Contract 12. Delivery Lot Number(9) Delivery Lot of the Contract 13. Delivery Unit Varchar2(10) Delivery Unit of the Contract

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14. Regular Lot Number(5) Market lot 15. Issue Start Date Date(11) Contract introduction date in

DD-MON-YYYY format 16. Issue Maturity Date Date(11) Maturity date of contract in

DD-MON-YYYY format 17. Exercise Start Date Date(11) Not applicable for

commodity futures contracts 18. Exercise End Date Date(11) Not applicable for

commodity futures contracts 19. Exercise Style Varchar2(1) 20. Market Type Varchar2(1) Default value ‘N’ – Normal 21. Open Price Number(13,2) Open price of the contract on

application date 22. High Price Number(13,2) High price of the contract on

application date 23. Low Price Number(13,2) Low price of the contract on

application date 24. Closing Price Number(13,2) Close price of the contract on

application date 25. Daily Settlement Price Number(13,2) Settlement price of the

contract on application date 26. Underlying Settlement

Price Number(13,2) Settlement price of the

underlying commodity onapplication date

27. Underlying InstrumentType

Varchar2(10) Not applicable forcommodity futures contracts

28. Underlying Symbol Varchar2(6) Underlying Symbol(commodity) for the Contract

29. Underlying Series Varchar2(2) Underlying series for thecontract

30. Underlying Expiry Date Date(11) in DD-MON-YYYYFormat

Not applicable forcommodity futures contracts

31. Underlying Strike Price Number(9,2) Not applicable forcommodity futures contracts

32. Underlying Option Type Varcha2(2) Not applicable forcommodity futures contracts

33. Underlying CorporateAction Level

Number(2) Not applicable forcommodity futures contracts

2. Trades

i) Trades Report for Trading Members

• Report name: Trades Report • File naming convention: NCDEX_TR<01>_<Member

code>_DDMMYYYY.CSV.

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• The file is generated for each trading member who has executed at least one trade on the business date.

• The file will be generated after close of trading hours on each business date. • The file structure is given below:

Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Trade Number NUMBER(15) Trade Number 2. Trade Date DATE (11) Business date in DD-

MON-YYYY format 3. Activity Type NUMBER(2) ’02’ - for original trade

‘51’ – for custodian trades not confirmed

4. Market Type CHAR (1) Default value ‘N’ – Normal

5. Instrument Type CHAR (6) Contract Descriptor 6. Symbol CHAR (10) Contract Descriptor 7. Expiry Date DATE (11) DD-MON-YYYY Contract Descriptor

DD-MON-YYYY format 8. Strike Price NUMBER(9,2) Contract Descriptor 9. Option Type CHAR (2) Contract Descriptor 10. Corporate Action

level NUMBER(2) Contract Descriptor

11. Buy TM Code CHAR (5) 12. Sell TM Code CHAR (5) 13. Trade Price NUMBER(9,2) 14. Trade Date Time DATE(25) Trade execution time in

DD-MON-YYYY HH24:MI:SS format

15. Trade Quantity NUMBER(12) Trading Quantity 16. Token Number NUMBER(5) 17. Trade Buy Branch NUMBER(2) 18. Buy CM Code CHAR(6) Buy Clearing Member

Code 19. Sell CM Code CHAR(6) Sell Clearing Member

Code 20. Trade Sell Branch NUMBER(2) 21. Buy Custodial

Participant Code CHAR (12)

22. Buy Side Confirmation

CHAR (1)

23. Sell Custodial Participant Code

CHAR (12)

24. Sell Side Confirmation

CHAR (1)

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25. Buy Covered Uncovered Flag

CHAR (1)

26. Sell Covered Uncovered Flag

CHAR (1)

27. Buy Old Custodial Participant Code

CHAR (12)

28. Buy Old CM Code CHAR(6) 29. Sell Old Custodial

Participant CHAR (12)

30. Sell Old CM Code CHAR(6) 31. Buyer User ID NUMBER(5) 32. Seller User ID NUMBER(5) 33. Buy Order No NUMBER(15) 34. Sell Order No NUMBER(15) 35. Buy Client Code CHAR (10) 36. Sell Client Code CHAR (10) 37. Buy Remarks CHAR(24) 38. Sell Remarks CHAR(24) 39. Buy Position Open/

Close Indicator CHAR(1) Default value ‘O’ - open

40. Sell Position Open/ Close Indicator

CHAR(1) Default value ‘O’ – open

41. Buy Proprietor Client Flag

CHAR(1) P – Proprietary C – Client

42. Sell Proprietor Client Flag

CHAR(1) P – Proprietary C – Client

43. Control Flag CHAR(1) Default ‘N’ ii) Trades report for Clearing Members

• Report Name: Trades Report. • File naming convention: NCDEX_TR<02>_<Member

code>_DDMMYYYY.CSV. • The file is generated for each clearing member for all contracts in which

trading member &/or custodian participant linked with such clearing member has executed at least one trade on the business date.

• The file will be generated after close of trading hours on each business date. • The file structure is given below:

Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Trade Number NUMBER(15) Trade Number 2. Trade Date DATE (11) Business date in DD-

MON-YYYY format 3. Activity Type NUMBER(2) ’02’ - for original trade

‘51’ – for custodian trades not confirmed

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4. Market Type CHAR (1) Default value ‘N’ – Normal

5. Instrument Type CHAR (6) Contract Descriptor 6. Symbol CHAR (10) Contract Descriptor 7. Expiry Date DATE (11) Contract Descriptor

DD-MON-YYYY format 8. Strike Price NUMBER(9,2) Contract Descriptor 9. Option Type CHAR (2) Contract Descriptor 10. Corporate Action

level NUMBER(2) Contract Descriptor

11. Buy TM Code CHAR (5) 12. Sell TM Code CHAR (5) 13. Trade Price NUMBER(9,2) 14. Trade Date Time DATE(25) Trade execution time in

DD-MON-YYYY HH24:MI:SS format

15. Trade Quantity NUMBER(12) Trading Quantity 16. Token Number NUMBER(5) 17. Trade Buy Branch NUMBER(2) 18. Buy CM Code CHAR(6) Buy Clearing Member

Code 19. Sell CM Code CHAR(6) Sell Clearing Member

Code 20. Trade Sell Branch NUMBER(2) 21. Buy Custodial

Participant Code CHAR (12)

22. Buy Side Confirmation

CHAR (1)

23. Sell Custodial Participant Code

CHAR (12)

24. Sell Side Confirmation

CHAR (1)

25. Buy Covered Uncovered Flag

CHAR (1)

26. Sell Covered Uncovered Flag

CHAR (1)

27. Buy Old Custodial Participant Code

CHAR (12)

28. Buy Old CM Code CHAR(6) 29. Sell Old Custodial

Participant CHAR (12)

30. Sell Old CM Code CHAR(6) 31. Buyer User ID NUMBER(5) 32. Seller User ID NUMBER(5) 33. Buy Order No NUMBER(15)

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34. Sell Order No NUMBER(15) 35. Buy Client Code CHAR (10) 36. Sell Client Code CHAR (10) 37. Buy Remarks CHAR(24) 38. Sell Remarks CHAR(24) 39. Buy Position Open/

Close Indicator CHAR(1) Default value ‘O’ - open

40. Sell Position Open/ Close Indicator

CHAR(1) Default value ‘O’ – open

41. Buy Proprietor Client Flag

CHAR(1) P – Proprietary C – Client

42. Sell Proprietor Client Flag

CHAR(1) P – Proprietary C – Client

43. Control Flag CHAR(1) Default ‘N’

3. Position i) Detailed Position Report for Trading Members

• Report name: Detailed Position Report • File naming convention: NCDEX_PS<03>_<Member

code>_DDMMYYYY.CSV. • The file is generated for each trading member for all contracts in which a

client of trading member &/or proprietary account of the member has either a brought forward position or an open positions on that day.

• The file will be generated after close of trading hours on each business date. • The file structure is given below:

Sr. No. Column Name

Data Type and Maximum Length Description

1 Position Date Date(11) Business Date in DD-MON-YYYY

format

2 Segment Indicator Varchar2(1) Default value ‘F’ – Futures and

options 3 Settlement Type Varchar2(1) ‘C’ – for commodity futures 4 CM Code Char(6) 5 Member Type Char(1) M - Trading Member 6 Trading Member Code Varchar2(12) Trading Member Code

7 Account Type Varchar2(1) P - Proprietary

C - Client 8 Client Code Varchar2(12) 9 Instrument Type Varchar2(6) Contract Descriptor 10 Symbol Varchar2(10) Contract Descriptor

11 Expiry date Date(11) Contract Descriptor

DD-MON-YYYY format 12 Strike Price Number(9,2) Contract Descriptor 13 Option Type Char(2) Contract Descriptor

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14 CA Level Number(2) Contract Descriptor

15 B/F long quantity Number(9) Long quantity brought forward

from previous day.

16 B/F Long Value Number(15,2) Long value brought forward from

previous day

17 B/F Short quantity Number(9) Short quantity brought forward

from previous day

18 B/F Short Value Number(15,2) Short value brought forward

from previous day

19 Day Buy Open Quantity

Number(9) Quantity bought on business date

20 Day Buy Open Value Number(15,2) Value of quantity bought on

business date

21 Day Sell Open Quantity

Number(9) Quantity sold on business date

22 Day Sell Open Value Number(15,2) Value of quantity sold on

business date

23

Pre Exercise Assignment Long Quantity

Number(9) Sum of brought forward and day long quantity… (A)

24

Pre Exercise/ Assignment Long Value

Number(15,2) Sum of brought forward and day long value… (B)

25

Pre Exercise / Assignment Short Quantity

Number(9) Sum of brought forward and day short quantity…(X)

26

Pre Exercise / Assignment Short Value

Number(15,2) Sum of brought forward and day short value … (Y)

27 Exercised Quantity

Number(9) Not applicable for futures contract Default value 0

28 Assigned Quantity

Number(9) Not applicable for futures contract Default value 0

29

Post Exercise / Assignment Long Quantity

Number(9)

Same as 'A'

30

Post Exercise / Assignment Long Value

Number(15,2)

Same as 'B'

31

Post Exercise / Assignment Short Quantity

Number(9)

Same as 'X'

32 Post Exercise / Assignment Short

Number(15,2) Same as 'Y'

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Value

33 Settlement Price

Number(9,2) For non-maturing contract - Daily Settlement price of the contract For maturing contract – Underlying settlement price of the contract

34 Net Premium

Number(15,2) Not applicable for futures contract. Default value 0

35 Daily MTM Settlement Value

Number(15,2) For Non-Maturing Contracts [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Long Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator)] OR [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Short Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator) * -1] Note – Positive value represents mark to market profit. Negative value represents mark to market loss. For maturing contracts Default value 0

36 Futures Final Settlement Value

Number(15,2) For Non-Maturing Contracts [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Long Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator)] OR [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Short Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/

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Contract Multiplying Factor Denominator) * -1] Note – Positive value represents mark to market profit. Negative value represents mark to market loss. For maturing contracts Default value 0

37 Exercised / Assigned Value Calculated

Number(15,2) Not applicable for futures contract Default value 0

ii) Detailed Position Report for Clearing Members

• Report name: Detailed Position Report • File naming convention: NCDEX_PS<04>_<Member

code>_DDMMYYYY.CSV • The file is generated for each clearing member for all contracts in which a

trading member &/or custodian participant linked with such clearing member, has either a brought forward position or an open positions on that day. The file contains information at the trading member/ custodian participant level. The trading member information is clubbed at account level viz. proprietary and client. This file shall not be generated for the trading member who clears own trades. For such trading members only detailed position file for the trading member (PS03) shall be generated.

• The file will be generated after close of trading hours on each business date. • The file structure is below:

Sr. No. Column Name

Data Type and Maximum Length Description

1 Position Date Date(11) Business Date in DD-MON-YYYY

format

2 Segment Indicator Varchar2(1) Default value ‘F’ – Futures and

options 3 Settlement Type Varchar2(1) ‘C’ – for commodity futures 4 CM Code Char(6) 5 Member Type Char(1) C – Custodian Code 6 Trading Member Code Varchar2(12) Trading Member Code

7 Account Type Varchar2(1) P - Proprietary

C – Client

8 Client Code

Varchar2(12) Not applicable for clearing members. Default value 0

9 Instrument Type Varchar2(6) Contract Descriptor 10 Symbol Varchar2(10) Contract Descriptor

11 Expiry date Date(11) Contract Descriptor

DD-MON-YYYY format

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12 Strike Price Number(9,2) Contract Descriptor 13 Option Type Char(2) Contract Descriptor 14 CA Level Number(2) Contract Descriptor

15 B/F long quantity Number(9) Long quantity brought forward

from previous day.

16 B/F Long Value Number(15,2) Long value brought forward from

previous day

17 B/F Short quantity Number(9) Short quantity brought forward

from previous day

18 B/F Short Value Number(15,2) Short value brought forward

from previous day

19 Day Buy Open Quantity

Number(9) Quantity bought on business date

20 Day Buy Open Value Number(15,2) Value of quantity bought on

business date

21 Day Sell Open Quantity

Number(9) Quantity sold on business date

22 Day Sell Open Value Number(15,2) Value of quantity sold on

business date

23

Pre Exercise Assignment Long Quantity

Number(9) Sum of brought forward and day long quantity… (A)

24

Pre Exercise/ Assignment Long Value

Number(15,2) Sum of brought forward and day long value… (B)

25

Pre Exercise / Assignment Short Quantity

Number(9) Sum of brought forward and day short quantity…(X)

26

Pre Exercise / Assignment Short Value

Number(15,2) Sum of brought forward and day short value … (Y)

27 Exercised Quantity

Number(9) Not applicable for futures contract Default value 0

28 Assigned Quantity

Number(9) Not applicable for futures contract Default value 0

29

Post Exercise / Assignment Long Quantity

Number(9)

Same as 'A'

30

Post Exercise / Assignment Long Value

Number(15,2)

Same as 'B'

31

Post Exercise / Assignment Short Quantity

Number(9)

Same as 'X'

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32

Post Exercise / Assignment Short Value

Number(15,2)

Same as 'Y'

33 Settlement Price

Number(9,2) For non-maturing contract - Daily Settlement price of the contract For maturing contract – Underlying settlement price of the contract

34 Net Premium

Number(15,2) Not applicable for futures contract. Default value 0

35 Daily MTM Settlement Value

Number(15,2) For Non-Maturing Contracts [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Long Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator)] OR [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Short Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator) * -1] Note – Positive value represents mark to market profit. Negative value represents mark to market loss. For maturing contracts Default value 0

36 Futures Final Settlement Value

Number(15,2) For Non-Maturing Contracts [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Long Quantity * (Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator)] OR [Post Exercise/ Assignment Long Value] – [Post Exercise/ Assignment Short Quantity *

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(Settlement Price * (Contract Multiplying Factor Numerator/ Contract Multiplying Factor Denominator) * -1] Note – Positive value represents mark to market profit. Negative value represents mark to market loss. For maturing contracts Default value 0

37 Exercised / Assigned Value Calculated

Number(15,2) Not applicable for futures contract Default value 0

4. Margins

i) Margin Report for clearing member

• Report name: Margin Report • File naming convention: NCDEX_MG09_<Member code>_DDMMYYYY.LIS • This report shall inform clearing member about total margin amount for each

trading member/ custodian participant linked to such clearing member. • The file will be generated after close of trading hours on each business date. • The report format is as follows:

MARGIN STATEMENT FOR CCSS CLEARING MEMBER CM CODE: <CM Code> CM NAME: <CM Name> Trade Date: <DD-MON-YYYY> Margin Due Date: <DD-MON-YYYY> ------------------------------------------------------------------------------------------------------ SL No TM/CP CODE TOTAL MARGIN ------------------------------------------------------------------------------------------------------ 1 <TM Code> <Amount> 2 <CP Code> <Amount> ------------------------------------------------------------------------------------------------------ TOTAL <Amount> ------------------------------------------------------------------------------------------------------ *** END OF REPORT *** ii) Margin Report for trading member

• Report name: Margin Report • File naming convention: NCDEX_MG10_<Member code>_DDMMYYYY.LIS • This report shall inform trading member about total margin amount at the

account type level. • The file will be generated after close of trading hours on each business date. • The report format is as follows:

MARGIN STATEMENT FOR CCSS TRADING MEMBER / CUSTODIAN PARTICIPANT

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TM/CP CODE: <TM Code / CP Code> TM/CP NAME: <TM/ CP Name> CM CODE: <CM Code> CM NAME: <CM Name> Trade Date: <DD-MON-YYYY> Margin Due Date: <DD-MON-YYYY> ------------------------------------------------------------------------------------------------------ SL No A/C TOTAL MARGIN ------------------------------------------------------------------------------------------------------ 1 C <Amount> 2 P <Amount> ------------------------------------------------------------------------------------------------------ Total Margin <Amount> ------------------------------------------------------------------------------------------------------ ***END OF REPORT*** iii) Margin Payable Report for clearing member

• Report name: Margin Payable Report • File naming convention: NCDEX_MG11_<Member code>_DDMMYYYY.LIS • This report shall inform clearing member about margin amount payable/

receivable by the clearing member. • The file will be generated after close of trading hours on each business date. • The report format is as follows:

MARGIN PAYABLE STATEMENT OF CCSS CLEARING MEMBER CM CODE: <CM Code> CM NAME: <CM Name> TRADE DATE: <DD-MON-YYYY> MARGIN DUE DATE: <DD-MON-YYYY> ------------------------------------------------------------------------------------------------------- SL No Particulars (Rs.) (Rs.) ------------------------------------------------------------------------------------------------------- A CAPITAL 1. Total Cash Capital <Amount> 2. Total Non-Cash Capital <Amount> 3. Total Capital (A1 + A2) <Amount> 4. Cash Component Required (%) <Amount> 5. Effective Deposits [ Min (A1/A4, A3)] <Amount> 6. Non-usable Non-cash Capital (A3 - A5) <Amount> B MARGIN INFORMATION 7. Minimum Liquid Net Worth <Amount> 8. Initial Margin Amount <Amount> 9. MTM Value <Amount> 10. Effective Deposits Required <Amount>

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for Initial Margin (B7 + B8) 11. Effective Deposits Required for MTM value(B8 +B9) <Amount> 12. Effective Deposit requirement for the Clearing Member[Higher of(B10,B11)] <Amount> C TRANSACTION AMOUNT 13. Excess Effective Deposits Required(B12 - A5) <Amount> 14. Minimum Free Deposit For Pay-in Transaction <Amount> 15. Minimum Free Deposit For Pay-out Transaction <Amount> 16. Additional Deposit Required <Amount> 17. Daily Cash Margin Already Paid By The Member <Amount> 18. Non-usable Non-cash Allocation <Amount> 19. Cash Margin Payable (+)/Receivable (-) <Amount> Footnotes:

1. Total cash capital (A1) of the member includes the daily cash margin paid by the member.

2. Effective deposits (A5) are arrived at after checking for the cash component required percentage (A4).

3. Non-usable, Non-cash Capital (A6) is the excess non-cash capital that is not used in the effective deposit amount.

4. Effective deposit requirement for Clearing Member (B12) is higher of Effective deposit initial margin amount and minimum liquid net worth amount (B10) and Effective Deposit required for MTM value (B11).

5. If the excess effective deposit required (C13) is positive or less than the minimum liquid net worth (it means pay in transaction), the additional deposit required will be (C13 + C14).

6. If the excess effective deposit required is negative (it means payout transaction), payout to the member is calculated as (C13 + C15).

7. If the excess effective deposit required is positive, the non-usable non-cash allocation (C18) would be computed using the cash component required percentage (A4).

8. If the excess effective deposit required is negative, cash margin receivable can be maximum to the extent of daily cash margin paid.

iv) Detail Margin Report for Clearing Members

• Report name: Detail Margin Report • File naming convention: NCDEX_MG12_<MEM CODE>_<DDMMYYYY>.lis • This report shall inform clearing member about margin break up (SPAN

Margin, Net Buy Premium) for each trading member/ custodian participant linked to such clearing member.

• The file will be generated after close of trading hours on each business date. • The file structure for the same is as given below:

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Sr. No. Column Name

Data Type and Maximum Length Description

1 Date Date(12) Business Date in DD-MON-

YYYY Format

2 TM/ CP Code Varchar2(12) Trading Member / Custodian Participant Code

3 SPAN Margin Number

4 Net Buy Premium Number

Not applicable for futures contract. Default value 0

5 Total Margin Number Sum total of Span Margin & Net Buy Premium

6 Mark to Market Value Number Mark to market value v) Detail Margin Report for Trading Members:

• Report name: Detail Margin Report • File naming convention: NCDEX_MG13_<MEM CODE>_<DDMMYYYY>.lis • This report shall inform trading member about margin break up (SPAN

Margin, Net Buy Premium) at the client level. • The file will be generated after close of trading hours on each business date. • The file structure for the same is as given below:

Sr. No. Column Name

Data Type and Maximum Length Description

1 Date Date(12) in DD-MON-YYYY Format Business Date

2 Client Code Varchar2(12) Client Code 3 SPAN Margin Number

4 Net Buy Premium Number

Not applicable for futures contract. Default value 0

5 Total Margin Number

Sum total of Span Margin & Net Buy Premium

6 Mark to Market Value Number

7 Client/ Proprietary Flag

Varchar2(1) C – Client P – Proprietary

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5. Funds i) Netted Bank Transaction Report

• Report Name: Netted Bank Transaction Report • File naming convention: NCDEX_BK<01>_<Member

code>_DDMMYYYY.CSV. • For the due date, a clearing member may have settlement transactions (pay-in

&/ or payout) for different types of settlement e.g. mark to market profit/ loss settlement and futures final settlement. These settlement transactions due for the date shall be clubbed to create one single settlement transaction.

• The file will be generated after close of trading hours on each business date. • The file details is as follows:

Sr. No.

Column Name

Data Type and Maximum Length

Description – For the net settlement record

Description - For each settlement category record

1

Transaction Received Date Date(12)

Transaction Due Date in DD-MON-YYYY Format

Transaction Due Date in DD-MON-YYYY Format

2 Transaction Code

Char(5) Netted bank transaction code. Not applicable

3 Transaction Number

Number (14) Transaction number for which net settlement amount shall be debited/ credited in CM settlement account on due date

Transaction number for which net settlement amount shall be debited/ credited in CM settlement account on due date

4 Transaction Description

Char(61) Relevant description for netted transaction

Relevant description for the settlement category

5 Debit Amount

Number (15,2)

If pay-in transaction then net settlement amount or zero.

If pay in transaction for the settlement category then settlement transaction amount or zero.

6 Credit Amount

Number (15,2)

If pay-out transaction then net settlement amount or zero.

If pay out transaction for the settlement category then settlement transaction amount or zero.

ii) Bank Summary Report

• Report Name: Bank Summary Report

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• File naming convention: NCDEX_BK<02>_<Member code>_DDMMYYYY.CSV

• This report shall inform the clearing member about all transactions (settlement, margins etc) sent during the day by the clearing corporation to debit/ credit member’s settlement account in the clearing bank.

• The file will be generated after close of trading hours on each business date. • The file details is as follows:

Sr. No. Column Name

Data Type and Maximum Length

Remarks

1. Transaction Number

Number(14) Bank Transaction Number

2. Descriptor Char(60) Description of the transaction 3.

Transaction Code

Char (4) Identifies the transaction E.g. : 1106 Netted bank Transaction 1501 Margin pay in transaction

4. Debit Credit Indicator

Char(1) D- Debit C-Credit

5.

From Account Number

Number(9) Clearing member account for debit transaction. NCDEX account for credit transaction

6.

To Account Number

Number(9) NCDEX account for debit transaction. Clearing member account for credit transaction

7. Sum Amount Dr/Cr

Number(15,2) Amount debited/ credited from/ to clearing member account.

iii) Bank Transaction Report

• Report Name: Bank Transaction Report • File naming convention: NCDEX_BK<03>_<Member

code>_DDMMYYYY.CSV • This report shall inform clearing member about all transactions (settlement,

margins etc) debited/ credited during the day from the member’s clearing account.

• The file will be generated after close of trading hours on each business date. • The file detail is as follows:

Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Transaction Number Number(14) Bank Transaction Number 2. Segment Indicator Char(1) ‘F’ 3. Transaction Received

Date Date(11) Transaction recovery date

in DD-MON-YYYY format 4. Transaction Code Char(4) Identifies the transaction

E.g.: 1106 Netted bank

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transaction 1501 Margin pay in transaction

5. Description Char(60) Transaction description 6. Debit Credit Indicator Char(1) D-Debit

C-Credit 7. Original Amount Number(15,2) Original transaction

amount. 8. Due Amount Number(15,2) Amount actually due for

the transaction number. 9. Received Amount Number(15,2) Amount debited/ credited

from/to clearing member account

10. Short Amount Number(15,2) Difference between due amount and received amount

6. Collaterals

i) Collateral Details

• Report Name: Statement of Capital and Collateral Break-up • File naming convention: NCDEX_CL01_<Member code>_DDMMYYYY.LIS) • Details of collateral submitted by the clearing members in NCDEX shall be

provided. • The same shall be provided on the last working day of each calendar month. • The report format is as follows:

Name of the report : NCDEX_CL01_member code_DDMMYYYY.LIS NCDEX Statement of Capital and Collateral Breakup Member Type : P Date: Member Code: M_______ Member Name : _____ Sr. No. Particulars Amount (Rs.) Amount (Rs.) 1) BASE CAPITAL 1.1 NCDEX Deposit (Amount deposited with NCDEX <Amount> towards clearing membership requirement and towards deposit requirement for each trading member clearing and settling through the clearing member. Sum of 1.1.1 to 1.1.4) 1.1.1 Bank Guarantee (Annexure A) <Amount>

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1.1.2 Cash Deposit <Amount> 1.1.3 Fixed Deposit Receipts (Annexure B) <Amount> 1.1.4 Government Securities <Amount> 1.2 NCDEX Deposit (Amount deposited with NCDEX <Amount> towards trading membership requirement by trading members clearing and settling through the clearing member). Total Base Capital (1.1 + 1.2) <Amount> 2) ADDITIONAL BASE CAPITAL 2.1 Bank Guarantee (Annexure A) <Amount> 2.2 Cash Deposit <Amount> 2.3 Fixed Deposit (Annexure B) <Amount> 2.4 Margin Amount Paid <Amount> 2.5 Government Securities <Amount> Total Additional Base Capital <Amount> (sum of 2.1 to 2.5) 3) TOTAL CAPITAL <Amount> 4) EFFECTIVE DEPOSITS 4.1 Cash Component of Base Capital (1.1.1 + <Amount> 1.1.2 + 1.1.3 + 1.2) 4.2 Cash Component of Additional Base Capital <Amount> (sum of 2.1 to 2.6) 4.3 Total Cash Component (4.1 + 4.2) <Amount> 4.4 Non-cash Component of Base Capital(1.1.4) <Amount> 4.5 Non-cash Component of Additional Base <Amount> Capital (2.7) 4.6 Total Non-cash Component (4.4 + 4.5) <Amount> 5.0 Effective Deposit (@100 percent cash <Amount> component) NOTE: In case of any discrepancy, the same may be clarified with NCDEX. Annexure A: Details of BC-Bank Guarantee: Sr. No. BG. No. Issuing Bank Issue Date Maturity Date Amount(Rs) 1 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> 2 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> Sum <Amount>

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Details of ABC-Bank Guarantee: Sr. No. BG. No. Issuing Bank Issue Date Maturity Date Amount(Rs) 1 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> 2 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> Sum <Amount> Annexure B: Details of BC-Fixed Deposit: Sr. No. FDR. No. Issuing Bank Issue Date Maturity Date Amount(Rs) 1 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> 2 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> Sum <Amount> Details of ABC-Fixed Deposit : Sr. No. FDR. No. Issuing Bank Issue Date Maturity Date Amount(Rs) 1 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> 2 X Bank Name DD-MMM-YYYY DD-MMM-YYYY <Amount> Sum <Amount>

7. Physical Settlement i) Request Status Report (With Counter Party Details)

• Report name: Request Status Report • File naming convention:

NCDEX_RS<02>_<CMPRMRY_CODE>_DDMMYYYY.CSV, where DDMMYYYY is the Application date.

• A TM/CP can forward a delivery/ receipt intent through the trading system, with counter party. These intents would be validated by CCSS and status of the intents is communicated.

• The file would be generated after close of trading hours on the final settlement date.

• The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char(4) Same ID as in the report name

2. CM Primary Code Char(5) Same Code as in the report name

3. Report Date Date(8) ‘DDMMYYYY’ Same Date as in the report name

4. Number of Detail Records

Number(6) Total number of detail records in the report

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5. Total requested quantity

Number(13) Sum of requested quantity of all detail records in the report.

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Request Date Date(11) in ‘DD-MON-YYYY’ format

Date of Request

2. Request Number Number(15) Request No. 3. Instrument Type Char(6) Requested Contract 4. Symbol Char(10) 5. Expiry Date Date(11) ‘DD-MON-

YYYY’

6. Strike Price Number(9,2) 7. Option Type Char(2) 8. CRA Level Number(2) 9. Warehouse ID Char(20) Delivery/Receive

Warehouse ID 10. TM Code Char(12) Requesting TM ID 11. Member Account

Type Char(1) Pro/ Cli - Indicator

12. Client Code Char(12) Requesting Client Code 13. Buy-Sell Indicator Char(1) Buy/ Sell indicator B- Buy ,

S – Sell 14. De-Mat Flag Char(1) Y – Demat, N – Non Demat 15. Requested Quantity Number(9) Quantity Requested to be

delivered 16. Acceptance Flag Char(2) Y – Accepted, N –Rejected 17. Accepted Quantity Number(9) Accepted Quantity 18. Rejected Quantity Number(9) Rejected Quantity 19. Reason for

Rejection Char(1) Reason for rejection (1,2,3)

20. Counter-Party CM Code

Char(6) Counter Party Clearing Member ID

21. Counter-Party TM Code

Char(12) Counter party Member ID

22. Counter-Party Client Code

Char(12) Counter Party Client Code

Reason for rejection: 1 - Counter party request not available 2 - Requesting Member has insufficient Positions 3 - Counter Party Member has insufficient Positions

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ii) Request Status Report (With Counter Party Details) • Report name: Request Status Report • File naming convention:

NCDEX_RS<03>_<CMPRMRY_CODE>_DDMMYYYY.CSV, where DDMMYYYY is the Application date.

• A TM/CP can forward a delivery/ receipt intent through the trading system without counter party details. These intents would be validated by CCSS and status of the intents is communicated.

• The file would be generated after close of trading hours on the final settlement date.

• The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char(4) Same ID as in the report name

2. CM Primary Code Char(5), Same Code as in the report name

3. Report Date Date(8) ‘DDMMYYYY’ Same Date as in the report name

4. Number of Detail Records

Number(6) Total number of detail records in the report

5. Total requested quantity

Number(13) Sum of requested quantity of all detail records in the report.

Structure of detail record

71 / 81

iii) Delivery Settlement Report (With Counter Party)

• Report name: Delivery Settlement Report • File naming convention:

NCDEX_SS02_<CMPRMRY_CODE>_<DDMMYYYY>.CSV, Where DDMMYYYY – Application date

• The file shows settlement obligation of the member with counter party details.

Sr. No.

Column Name Data Type and Maximum Length

Remark

1. Request Date Date(11) in ‘DD-MON-YYYY’ format

Date of Request

2. Request Number Number(15) Request No. 3. Instrument Type Char(6) Requested Contract 4. Symbol Char(10) 5. Expiry Date Date(11) ‘DD-MON-

YYYY’

6. Strike Price Number(9,2) 7. Option Type Char(2) 8. CRA Level Number(2) 9. Warehouse ID Char(20) Deliver/Receive Warehouse

id 10. TM Code Char(12) Requesting TM ID 11. Member Account

Type Char(1) Pro/ Cli - Indicator

12. Client Code Char(12) Requesting Client Code 13. Buy-Sell Indicator Char(1) Buy/ Sell indicator B- Buy ,

S – Sell 14. De-Mat Flag Char (1) Y – Demat, N – Non Demat 15. Requested Quantity Number (9) Quantity Requested. 16. Acceptance Flag Char (1) 17. Accepted Quantity Number (9) Total Quantity Accepted 18. Quantity Accepted

– Demat Number (9)

19. Quantity Accepted - Non-Demat

Number (9)

20. Rejected Quantity Number(9) Total quantity rejected 21. Qty rejected on a/c

of insufficient positions

Number(9) Quantity rejected as member did not hold sufficient positions on requested contract.

22. Qty rejected on a/c of insufficient warehouse capacity

Number(9) Quantity rejected as the capacity of the warehouse for the specified commodity was exhausted.

72 / 81

• The file would be generated after close of trading hours on the contract expiry date.

• The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char(4) Same ID as in the report name

2. CM Primary Code Char(5) Same Code as in the report name

3. Report Date Date(8) ‘DDMMYYYY’ Same Date as in the report name

4. Number of Detail Records

Number(6) Total number of detail records in the report

5. Total Valid Quantity Number(13) Sum of valid quantity of all detail records in the report.

6. Total Settlement Value

Number(17,2) Sum of settlement value of all detail records in the report.

Structure of detail record

73 / 81

iv) Allocation Status Report

• Report name: Allocation Status Report • File naming convention:

NCDEX_AL02_<CMPRMRY_CODE>_<DDMMYYYY>.CSV • Where DDMMYYYY – Application date • The file shows allocated quantity for physical settlement for the member. • The file would be generated after close of trading hours on the contract expiry

date. • The file structure for the same is as given below:

Structure of control record

Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Request Date Date(11) in ‘DD-MON-YYYY’ format

Date of request

2. Request Number Number(15) Request No. 3. Instrument Type Char(6) Requested Contract 4. Symbol Char(10) 5. Expiry Date Date(11) ‘DD-MON-

YYYY’

6. Strike Price Number(9,2) 7. Option Type Char(2) 8. CRA Level Number(2) 9. Warehouse ID Char(20) Deliver/Receive

Warehouse ID 10. TM Code Char(12) Requesting Member

ID 11. Member Account Type Char(1) Pro/ Cli - Indicator 12. Client Code Char(12) Requesting Client

Code 13. Buy-Sell Indicator Char(1) Buy/ Sell indicator B -

Buy, S – Sell 14. De-Mat Flag Char(1) Y – Demat, N – Non-

Demat 15. Valid Quantity Number(9) Quantity to

deliver/receive 16. Settlement Value Number(15,2) Amount to

Pay/receive 17. Counter-Party CM Code Char(6) Counter Party

Clearing Member ID 18. Counter-Party TM Code Char(12) Counter party TM ID 19. Counter-Party Client Code Char(12) Counter Party Client

Code

74 / 81

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Request Date Date(11) ‘DD-MON-YYYY’ Date of request 2. Settlement Type Char(1) Settlement Type 3. Settlement Number Char (7) Settlement

Number 4. Instrument Type Char(6) Requested

Contract 5. Symbol Char(10) 6. Expiry Date Date(11) ‘DD-MON-YYYY’ 7. Strike Price Number(9,2) 8. Option Type Char(2) 9. CRA Level Number(2)

10. Warehouse ID Char(20) Warehouse id in which delivery is to be effected

11. Member Code Char(12) Requesting TM ID 12. Member Account Type Char(1) Pro/ Cli -

Indicator 13. Client Code Char(12) Requesting Client

Code 14. Buy-Sell Indicator Char(1) Buy/ Sell indicator

B- Buy, S – Sell 15. Total Requested Quantity Number(9) Quantity

Requested 16. Quantity Requested as

Demat Number(9) Requested

Quantity in Demat form

Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char(4) Same ID as in the report name 2. CM Primary Code Char(5) Same Code as in the report

name 3. Report Date Date(8)

‘DDMMYYYY’ Same Date as in the report name

4. Number of Detail Records Number(6) Total number of detail records in the report

5. Total Requested Quantity Number(13) Sum of requested quantity of all detail records in the report.

6. Total Allocated Quantity Number(13) Sum of allocated quantity of all detail records in the report.

7. Total Rejected Quantity Number(13) Sum of rejected quantity of all detail records in the report.

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17. Quantity Requested as Non-Demat

Number(9) Requested Quantity in Non-Demat form

18. Acceptance Flag Char(1) 19. Total Allocated Quantity Number(9) 20. Total Rejected Quantity Number(9)

v) Settlement Report for Deliveries Obligation

• Report name: Settlement Report for Deliveries • File naming convention: NCDEX_SS03_<CMPRMRY_CODE>_<STP

TYPE><STP NUMBER>.CSV, Where STP TYPE, STP NUMBER – Delivery Settlement Type, Settlement Number

• The file shows funds and commodities settlement obligation of the TM/ CP for distinct combination of settlement type, settlement no., warehouse and commodity.

• The file would be generated after close of trading hours on the contract expiry date.

• The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char(4) Same ID as in the report name 2. CM Primary Code Char(5) Same Code as in the report

name 3. Report Date Date(8)

‘DDMMYYYY’ Same Date as in the report name

4. Delivery Settlement Type

Char(1)

5. Delivery Settlement Number

Char(7)

6. Number of Detail Records

Number(6) Total number of detail records in the report

7. Total Pay-In Quantity Number(9) Sum of Pay-In Quantity of all detail records in the report.

8. Total Pay-Out Quantity

Number(9) Sum of Pay-Out Quantity of all detail records in the report.

9. Total Pay-In Value Number(15,2) Sum of Pay-In Value of all detail records in the report.

10. Total Pay-Out Value Number(15,2) Sum of Pay-Out Value of all detail records in the report.

11. Total Net Value Number(15,2) Sum of value of all detail records in the report

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

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1. Commodity Char (10) Commodity to deliver/receive

2. Warehouse ID Char (20) Warehouse id 3. Pay-In

Quantity Number (9) Quantity of commodity to

deliver 4. Pay-Out

Quantity Number (9) Quantity of commodity to

receive 5. Pay-In Amount Number (15,2) Amount to Pay 6. Pay-Out

Amount Number (15,2) Amount to Receive

7. Net Value Number (15,2) Net Amount to pay/receive Net value to pay (-), receive (+) vi) Settlement Report for Deliveries

Report name: Settlement Report for Deliveries File naming convention: NCDEX_SS06_<CMPRMRY_CODE>_<STP

TYPE><STP NUMBER>.CSV, Where STP TYPE, STP NUMBER – Delivery Settlement Type, Settlement Number

The file shows settlement wise details of funds and commodities settlement obligation of the TM/ CP.

The file would be generated after close of trading hours on the contract expiry date.

The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char (4) Same ID as in the report name 2. CM Primary Code Char (5) Same Code as in the report

name 3. Report Date Date (8)

‘DDMMYYYY’ Same Date as in the report name

4. Delivery Settlement Type

Char (1)

5. Delivery Settlement Number

Char (7)

6. Number of Detail Records

Number (6) Total number of detail records in the report

7. Total Pay-In Quantity Number (12)

Sum of Pay-In Quantity of all detail records in the report.

8. Total Pay-Out Quantity

Number (12)

Sum of Pay-Out Quantity of all detail records in the report.

9. Total Pay-In Value Number (17,2) Sum of Pay-In Value of all detail records in the report.

10. Total Pay-Out Value Number (17,2) Sum of Pay-Out Value of all detail records in the report.

77 / 81

11. Net Quantity Number (12) Sum of net quantity of all detail records in the report.

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Delivery/Receipt No

Number (8) Delivery/Receipt No.

2. Commodity Char (10) Commodity to deliver / receive

3. Warehouse ID Char (20) Warehouse ID 4. ISIN Char (12) Primary ISIN for commodity

to deliver / receive 5. Pay-In Quantity Number (9) Quantity of commodity to

deliver 6. Pay-Out Quantity Number (9) Quantity of commodity to

receive 7. Pay-In Value Number (17,2) Funds Amount to Pay-In 8. Pay-Out Value Number (17,2) Funds Amount to Pay-Out

vii) Deliveries Premium-Discount Report

Report Name: Deliveries Premium-Discount Report File Naming Convention: NCDEX_SS04_<CMPRMRY_CODE>_<STP

TYPE><STP NUMBER>.CSV, where STP TYPE, STP NUMBER – Delivery Settlement Type, Settlement Number

The file shows premium payable/ receivable by the TM/ CP if grades delivered/ received is other than the standard grade for the commodity.

The file would be generated after close of trading hours on the contract expiry date.

The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char (4) Same ID as in the report name 2. CM Primary Code Char (5) Same Code as in the report

name 3. Report Date Date (8)

‘DDMMYYYY’ Same Date as in the report name

4. Delivery Settlement Type

Char (1)

5. Delivery Settlement Number

Char (7)

6. Number of Detail Records

Number (6) Total number of detail records in the report

7. Total Pay-In Quantity Number (12,3) Sum of Pay-In Quantity of all detail records in the report.

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8. Total Pay-Out Quantity

Number (12,3) Sum of Pay-Out Quantity of all detail records in the report.

9. Total Pay-In Value Number (17,2) Sum of Pay-In Value of all detail records in the report.

10. Total Pay-Out Value Number (17,2) Sum of Pay-Out Value of all detail records in the report.

11. Total Net Value Number (17,2) Sum of value of all detail records in the report

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Delivery/Receipt Number

Number (8) Delivery/Receipt No.

2. Commodity Char (10) Commodity delivered / received

3. Warehouse ID Char (20) Warehouse ID 4. Pay-In Quantity Number (12,3) Quantity delivered 5. Pay-Out Quantity Number (12,3) Quantity received 6. Pay-In Value Number (17,2) Funds amount to Pay-In 7. Pay-Out Value Number (17,2) Funds amount to Pay-Out 8. ISIN Char (12) Primary ISIN to deliver / receive 9. Delivered/Received

ISIN Char (12) Secondary ISIN actually

delivered / received 10. Premium-Discount

percent Number (7,4) Percentage applied for

computing premium/discount 11. Premium-Discount

Flag Char (1) Flag indicates whether the ISIN

delivered was of premium (‘P’) or discount grade (‘D’).

12. Premium-Discount Price

Number (13,2) Price used to compute the premium-discount Pay-In /Pay-Out value

13. Premium-Discount Settlement Type

Char (1)

14. Premium-Discount Settlement No

Number (7)

Value to pay (-), receive (+) viii) Deliveries Shortage Report

• Report Name: Deliveries Shortage Report • File Naming Convention: NCDEX_SS05_<CMPRMRY_CODE>_<STP

TYPE><STP NUMBER>.CS, Where STP TYPE, STP NUMBER – Delivery Settlement Type, Settlement Number

79 / 81

• The file shows close out value of settlement shortage in physical settlement. Gains/ losses within acceptable limits and genuine shortages are identified separately.

• The file would be generated on the pay-out day for any shortages from delivering members.

• The file structure for the same is as given below: Structure of control record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Report ID Char (4) Same ID as in the report name 2. CM Primary Code Char (5) Same Code as in the report

name 3. Report Date Date (8)

‘DDMMYYYY’ Same Date as in the report name

4. Delivery Settlement Type

Char (1)

5. Delivery Settlement Number

Char (7)

6. Number of Detail Records

Number (6) Total number of detail records in the report

7. Total Pay-In Quantity Number (12,3) Sum of Pay-In Quantity of all detail records in the report.

8. Total Pay-Out Quantity

Number (12,3) Sum of Pay-Out Quantity of all detail records in the report.

9. Total Pay-In Value Number (17,2) Sum of Pay-In Value of all detail records in the report.

10. Total Pay-Out Value Number (17,2) Sum of Pay-Out Value of all detail records in the report.

11. Total Net Value Number (17,2) Sum of value of all detail records in the report

Structure of detail record Sr. No.

Column Name Data Type and Maximum Length

Remarks

1. Delivery/Receipt Number

Number (8) Delivery/Receipt No.

2. Commodity Char (10) Commodity delivered / received

3. Warehouse ID Char (20) Warehouse ID 4. Pay-In Quantity Number (12,3) Quantity Delivered short 5. Pay-Out Quantity Number (12,3) Quantity Received short 6. Pay-In Value Number (17,2) Funds amount to Pay-In 7. Pay-Out Value Number (17,2) Funds amount to Pay-Out 8. Required ISIN Number (12) Primary ISIN to deliver /

receive

80 / 81

9. Gain-loss/shortage indicator

Char (1) Value indicates whether it is a genuine shortage (‘S’), shortage acceptable in gains (‘G’) or shortage acceptable in losses (‘L’)

10. Gain-loss/Markup % Number (7,4) Markup Percentage applied for computing shortage amount

11. Close-out Price Number (13,2) Price used to compute the shortage Pay-In /Pay-Out value

12. Close-out Settlement Type

Char (1)

13. Close-out Settlement No

Number (7)

Value to pay (-), receive (+)

81 / 81

Contact Details for NCDEX Officials Sr. No.

Functions Contact Person Telephone Fax E-mail ID

1. Trading & Market Surveillance

Jayaprakash R Uma Mohan Akhilesh Jha

56406606 56406613 56406618

56406899 Jayaprakash.r@ncdex.com Uma.mohan@ncdex.com Akhilesh.jha@ncdex.com

2. Risk Management Jaideep Sen Lakshmi Narsimhan

56406605 56406627

56406899 Jaideep.sen@ncdex.com Lakshmi.narasimhan@ncdex.com

3. Technology Chandra Shekhar Sudarshan Singh

56406607 56406577

56406899 Chandra.shekhar@ncdex.com Sudarshan.sing@ncdex.com

4. Technology Helpdesk Sumesh Gopalkrishnan Bijendra Arora

56406609 56406610 56406611 56406612

56406899 Sumesh.gopalkrishnan@ncdex.com Bijendra.arora@ncdex.com

5. NSCCL Operations – Funds &Delivery Settlement Related

Arunkumar Ganeshan 26598440 26598441

26598442 arunkumarg@nse.co.in

6. Operations Jayashree Krishnan Gaurang Desai

56406633 56406632

56406899 Jayashree.krishnan@ncdex.com Gaurang.desai@ncdex.com

7. Warehouses, Assayers, R&T Agent & DP Related

K R Kamath Alok Misra Ramabhadran B K

56406630 56406629 56406631

56406899 Kamath.kr@ncdex.com Alok.misra@ncdex.com Ramabhadran.bk@ncdex.com

8. Billing Related Ramani C V Saraswathi S

56406602 56406625

56406899 Ramani.cv@ncdex.com s.saraswathi@ncdex.com

9. Membership Ganesh R Sateesh Mahale

56406512 56406514

56406899 Ganesh.r@ncdex.com Sateesh.mahale@ncdex.com

10. Contract Details Related Shrikant Subbarayan Sunil Ramrakhiani Pradipto Banerjee

56406598 56406522 56406520

56406899 Shrikant.subbarayan@ncdex.com Sunil.ramrakhiani@ncdex.com Pradipto.banerjee@ncdex.com