As per the Circular dated 23rd December 2020, Multi Commodity Exchange of India (MCX) is launching Rubber Futures contracts. Rubber January 2021, February 2021, March 2021, and April 2021 contracts will be available for trading w.e.f. Monday, December 28, 2020.
The Contract Specifications of the Rubber Futures is as below:
|Trading & Delivery unit||1 MT (1000 Kgs)|
|Price quote||100 Kgs|
|Tick size||Re 1|
|Trading Session||9:00 AM to 5:00 PM (Monday to Friday)|
|Settlement type||Compulsory delivery|
|Expiry date||Last calendar day of the contract expiry month|
|Initial margin||₹16000 (Approximately)|
|Staggered delivery period||Last 5 trading days|
Note: FYERS Policies on Agri Commodities will also be applicable on Rubber.
For more details on contract specifications of Rubber Futures – Refer this.