Physical Delivery Procedure Mcx
Contents
1. 1.1 Delivery and Settlement Procedure Types of Delivery Logic 1.1.1 Both Option 1.1.2 Sellers Option 1.1.3 Compulsory delivery Submission of delivery intentions 2.1.1 Intention from Seller 2.1.2 Intention from Buyer Mode of giving intentions Dissemination of intention Delivery Marking/Matching Delivery Based Report to Members Delivery Based Margins 2.6.1 Tender Period Margin 2.6.2 Delivery Period Margin Page No. 4 4
2.1
6
2.2 2.3 2.4 2.5 2.6
6 7 7 7 7
2.7
Settlement Schedule and Settlement Calendar
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3
Pay in and Pay out of Funds and Commodities 3.1 Commodity Payin 3.2 Pay in of Funds 3.3 Commodity Pay out 3.4 Pay out of Funds Premium/Discount, standard deduction & weight differential Deliverable Lots Odd Lot Treatment: Delivery Shortages 7.1 Short Delivery 7.2 DDR
8
4 5 6 7
9 9 9 10
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8
Delivery Center 8.1 Additional Delivery Center Delivery Grades Evidence of Stock in possession Endorsement of Delivery Order Quality Certificates 12.1.1 Validity Date 12.1.2 Final Expiry Date Sampling and Analysis at the time of Delivery 13.1 Sampling Procedure 13.2 Failing of First Sample 13.3 Final Surveyor’s Report 13.4 Obligation of the Independent Analyst
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9 10 11 12
10 11 11 11
13
12
14
Non compliance of delivery & delivery related issues 13 14.1 Shortages in delivery 14.2 Shortages in funds 14.3 Penalty on non issuance of buyer details, invoices in time. Invoice and Tax implication 15.1 Intimation of Client Details 15.2 Issue of Invoice 15.3 Contracts exclusive of taxes 15.4 Contracts inclusive of taxes Legal Obligation Delivery related charges Warehouse, fumigation, insurance and transportation Charges Applicability of Business Rules Delivery Related Reports 14
15
16 17 18 19 20 21
15 15 15 15 16
An illustration – Sequence of schedule for settlement / delivery in commodity contract. 17
2
22
Delivery of commodities through Electronic Warehouse Receipts 17 22.1 Basic 22.2
1. 1.1 Delivery and Settlement Procedure Types of Delivery Logic 1.1.1 Both Option 1.1.2 Sellers Option 1.1.3 Compulsory delivery Submission of delivery intentions 2.1.1 Intention from Seller 2.1.2 Intention from Buyer Mode of giving intentions Dissemination of intention Delivery Marking/Matching Delivery Based Report to Members Delivery Based Margins 2.6.1 Tender Period Margin 2.6.2 Delivery Period Margin Page No. 4 4
2.1
6
2.2 2.3 2.4 2.5 2.6
6 7 7 7 7
2.7
Settlement Schedule and Settlement Calendar
8
3
Pay in and Pay out of Funds and Commodities 3.1 Commodity Payin 3.2 Pay in of Funds 3.3 Commodity Pay out 3.4 Pay out of Funds Premium/Discount, standard deduction & weight differential Deliverable Lots Odd Lot Treatment: Delivery Shortages 7.1 Short Delivery 7.2 DDR
8
4 5 6 7
9 9 9 10
-
8
Delivery Center 8.1 Additional Delivery Center Delivery Grades Evidence of Stock in possession Endorsement of Delivery Order Quality Certificates 12.1.1 Validity Date 12.1.2 Final Expiry Date Sampling and Analysis at the time of Delivery 13.1 Sampling Procedure 13.2 Failing of First Sample 13.3 Final Surveyor’s Report 13.4 Obligation of the Independent Analyst
10
9 10 11 12
10 11 11 11
13
12
14
Non compliance of delivery & delivery related issues 13 14.1 Shortages in delivery 14.2 Shortages in funds 14.3 Penalty on non issuance of buyer details, invoices in time. Invoice and Tax implication 15.1 Intimation of Client Details 15.2 Issue of Invoice 15.3 Contracts exclusive of taxes 15.4 Contracts inclusive of taxes Legal Obligation Delivery related charges Warehouse, fumigation, insurance and transportation Charges Applicability of Business Rules Delivery Related Reports 14
15
16 17 18 19 20 21
15 15 15 15 16
An illustration – Sequence of schedule for settlement / delivery in commodity contract. 17
2
22
Delivery of commodities through Electronic Warehouse Receipts 17 22.1 Basic 22.2