Modification in STEEL REBAR Futures Contract

Sr.

No.

Symbol

Existing- Additional Delivery Centre(s)

Modified- Additional Delivery Centre(s)

Effective from

1

STEEL REBAR

1. Thane district in Maharashtra

2. Palwal district in Haryana (NCR)

3. Chennai district in Tamil Nadu

4. Kolkata district in West Bengal

As per SEBI circular SEBI/HO/CDMRD/DMP/P/CIR/ 2021/551

dated April 16, 2021, the exchanges may accredit warehouses of a WSP within 100 kms radius of the delivery centers.

1. Thane district in Maharashtra

As per SEBI circular SEBI/HO/CDMRD/DMP/P

/CIR/2021/551

dated April 16, 2021, the exchanges may accredit warehouses of a WSP within 100 kms radius of the delivery centers.

June 2026

expiry and onwards

Symbol

STEELREBAR

Description

STEELREBARMMMYY

Contract Listing

Contracts are available as per the Contract Launch Calendar.

Contract Start Day

1st day of contract launch month. If 1st day is a holiday then the

following working day.

Last Trading Day

Last calendar day of the contract expiry month. If last calendar day is a holiday then preceding working day.

Trading

Trading Period

Mondays through Fridays

Trading Session

Monday to Friday: 09.00 a.m. to 11.30 p.m. / 11.55 p.m.* (* based on US daylight saving time period)

Trading Unit

5 MT

Quotation/ Base Value

1 MT

Price Quote

Ex-Warehouse at Raipur district, Chhattisgarh (Excludes only GST).

Maximum Order Size

200 MT

Tick Size (Minimum Price Movement)

10 rupee per MT

Daily Price Limits

The Exchange has implemented a narrower slab/Operating range of 4%. Whenever the narrower slab is breached, relaxation will be allowed up to 6% without any cooling off period in the trade.

In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed upto 9%.

In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3%.

Initial Margin*

Minimum 8% or based on SPAN whichever is higher

Extreme Loss Margin

Minimum 1%

Additional and/ or Special Margin

In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions.

Maximum Allowable Open Position

For individual client: 1,20,000 MT or 5% of the market wide open position, whichever is higher for all Steel Rebar contracts combined together.

For a member collectively for all clients: 12,00,000 MT or 20% of the market wide open position, whichever is higher for all Steel Rebar contracts combined together.

Delivery

Delivery Unit

5 MT with tolerance limit of + / - 10%

Delivery Period Margin**

Delivery period margins shall be higher of:

1. 3% + 5 day 99% VaR of spot price volatility Or

2. 25%

Delivery Centre

Ex-Warehouse at Raipur district, Chhattisgarh

As per SEBI circular SEBI/HO/CDMRD/DMP/P/CIR/2021/551 dated April 16, 2021, the exchanges may accredit warehouses of a WSP within 100 kms radius of the delivery centers.

Additional Delivery Centre (s)

1. Thane district in Maharashtra

As per SEBI circular SEBI/HO/CDMRD/DMP/P/CIR/2021/551 dated April 16, 2021, the exchanges may accredit warehouses of a WSP within 100 kms radius of the delivery centers.

Quality Specifications & Shape

Steel Rebars conforming to IS: 1786-2008 (including amendments).

1. Base strength grade : Fe500

2. Base size : 12 mm

Eligible producer list will be notified by the Exchange time-to-time including sunset clause. Reliance shall be placed by the WSP on the Producer's Test Certificate. The details mentioned on the producer's test certificate should match with those on the sticker

/ digital tag on each bundle. The Exchange may prescribe quality-testing requirement(s) if so desired.

Additional Deliverable Grade

Steel Rebars conforming to IS: 1786-2008 (including amendments).

1. Acceptable strength grades under IS-1786-2008 (including amendments)

   1. Fe 500-D

   2. Fe 550

   3. Fe 550-D

2. Acceptable sizes:

   1. 8 mm

   2. 10 mm

   3. 16 mm

   4. 20 mm

   5. 25 mm

Eligible producer list will be notified by the Exchange time to time including sunset clause. Reliance shall be placed by the WSP on the Producer's Test Certificate. The details mentioned on the producer's test certificate should match with those on the sticker

/ digital tag on each bundle. The Exchange may prescribe quality testing requirement(s) if so desired.

Premium/Discount

for Additional Deliverable Grade

NIL

Staggered Delivery Tender Period

The staggered delivery tender period would be the last 3 trading days (including expiry day) of the contracts.

The seller/buyer having open position shall have an option, of submitting an intention of giving/taking delivery, on any day during the staggered delivery period.

On expiry of the contract, all the open positions shall be marked for compulsory delivery.

Delivery allocation

Delivery intentions of Seller(s) shall be randomly allocated to ensure that all buyers have an equal opportunity irrespective of the size or value of the position. However, preference may be given to buyers who have given an intention of taking delivery.

Pay-in will be on T+1 working days i.e. excluding Saturday, Sunday & Public Holiday.

The buyer to whom the delivery is allocated will not be allowed to refuse taking delivery. If the seller fails to deliver, the penal provisions as specified for seller default shall be applicable.

Delivery order rate

On Staggered Delivery Tender Days:

The delivery order rate (the rate at which delivery will be allocated) shall be the closing price (weighted average price of last half an hour) on the respective tender day except on the expiry date.

On Expiry:

On expiry date, the delivery order rate or final settlement price shall be the Due Date Rate (DDR) and not the closing prices.

Due Date Rate (Final Settlement Price)

The Final Settlement Price (FSP) shall be arrived at by taking the simple average of the last polled spot prices of the last three trading days viz.,E0 (expiry day), E-1 and E-2.

In the event the spot price for any one or both of E-1 and E-2 is not available; the simple average of the last polled spot price of E0, E-1, E-2, whichever available, shall be taken as FSP. Thus, the FSP under various scenarios of non-availability of polled spot prices shall be as under:

Scenario

Polled spot price availability on

FSP shall be sample average of last polled