This document outlines the contract specifications and delivery procedures for copper futures contracts traded on the Multi Commodity Exchange of India. It provides details on the types of contracts available and their durations, trading hours and parameters, delivery centers and procedures, quality specifications, margins required, and penalties for default. The key points are:
- Copper futures contracts are available for five durations between 1-8 months. Trading occurs Monday through Saturday from 10am-11:30pm.
- Delivery is in lots of 9MT +/-1% and can be tendered from warehouses within 20km of Mumbai. Delivery procedures include intentions, allocation, pay-in and pay-out timelines.
- Quality of delivery must meet
Original Description:
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This document outlines the contract specifications and delivery procedures for copper futures contracts traded on the Multi Commodity Exchange of India. It provides details on the types of c…