Ex-Ahm(T+1) MMTC - National Spot Exchange Limited

National Spot Exchange LimitedCircularRef. No.: NSEL/TRD/2009/109 August 25, 2009Dear Members,Commencement of Spot Trading in IBMA Approved Domestic Gold 8 gram CoinEx-Ahmedabad delivery contractIn terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, theMembers of the Exchange are notified that IBMA approved Domestic Gold 8 gram coin ex-Ahmedabad Contracts will be available for trading from Wednesday, the 26 th August, 2009.Contract details and settlement procedure are as under.1) Contract Specifications – refer to the enclosed Annexure 12) Settlement Schedule and vaulting charges – refer to the enclosed Annexure 2,3) Settlement and Delivery Procedure - refer to circular no. NSEL/DLY/2008/033 dated4 th December 2008, and4) Auction Mechanism – refer to the circular no. NSEL/C&S/2008/029 dated 26 thNovember 2008The details of accredited vaults/ delivery center, IBMA approved refinery and serviceprovider are as under:Accredited Vault / Delivery Centre :Name Gujarat Gold Centre Gujarat Gold CentreAddress 324/25Supermall,Near Lal Bunglow,C.G. RoadAhmedabad – 380006C/o. C.J. KansaraGhanchi ni Pole,M.G. Haveli Road, ManekChowk,Ahmedabad – 380001Contact person Mr. Suresh Kansara Mr. Jaydeep PravasiContact no 98981 20339079-2640 9160/958098985 83666079–2214 2560Emailgujaratgold@gmail.comIBMA Approved Refinery :Name:Address:M/s Gujarat Gold Centre15, Gujarat Hosiery Mill Compound,behind vijay petrol pump, rakhial road, Ahmedabad.Contact person: Mr. Anil C. KansaraContact no.: Tel. No. – 079 - 22748532, 22777751Approved Service providers :1. Name: Gujarat Gold CentreAddress:15, Gujarat Hosiery Mill Compound,behind vijay petrol pump, rakhial road,Ahmedabad.Contact person: Mr. Suresh KansaraContact no.: 98981 20339079-2640 9160/95802. Name: Gujarat Gold CentreAddress:C/o C J Kansara, Ghanchi ni Pole,M.G. Haveli Road, Manek ChowkAhmedabad - 380001Contact Person: Mr. Jaydeep PravasiContact No.: Tel. No. 9898583666 /079 - 22142560

Annexure 1Contract Specifications of IBMA Approved Domestic Gold medallion 8 gramEx- AhmedabadCommodity DetailsCommoditySymbolDescriptionContract SpecificationsDaily contractTrading periodGold GuineaGLIBMC8AHDIBMA Approved Domestic Gold medallion 8 gram Ex-AhmedabadBuying and selling during the day will be permitted, but allpositions outstanding at end of trading session on a day mustresult into compulsory delivery.Monday to Saturday except Exchange specified holidays inadvance.Trading session Monday to Friday - 10:00 AM to 11:30 PMTrading Related ParametersTrading unitQuotation/Base ValueTick size (minimumprice movement)Daily price limits 3%Saturday -8 grams8 grams of gold with 999 purityRs. 1/- per 8 grams10:00 AM to 2:00 PMPrice QuoteEx-Ahmedabad, 999 purity (inclusive of all taxes and leviesrelating to import duty, customs & VAT)Initial margin 6%Special MarginMaximum order sizeIn case of additional volatility, a special margin of suchpercentage, as deemed fit, will be imposed immediately on bothbuy and/or sell side in respect of all outstanding position, whichwill remain in force for the same trading day.10 kgsDelivery Related ParametersDelivery unitDelivery center(s)Delivery Period Margin1 Coin of 8 gram and multiple thereofAhmedabad at designated Clearing House facilities of GujaratGold Centre10% on the closing priceQuality Specifications Grade: 999Quality Adjustment The price of Gold is on the basis of 999 purity.If it is of 0.995 purity, the Seller will get a proportionatediscount and sale proceeds will be calculated in the manner ofrate of delivery *995/999.If the purity is less than 995, it is rejected.Tender and DeliveryPeriodApproved refineryDelivery LogicT + 1(Delivery to be effected on next working day after tradingday).Gujarat Gold Refinery, Ahmadabad and other refineriesapproved by IBMACompulsory delivery. Net positions at the closing of themarket should be delivered as per settlement schedule specifiedin Annexure 2.Auction Related ParametersProcessSymbolAuction periodAuction will be initiated by the Exchange in case of shortages infunds and/or commodities.ABGLDCAHD1 for buy-in and ASGLDCAHD1 for sell-out7:00 PM to 7:30 PM on T+1 day3

Annexure 2A) Settlement ScheduleParticulars Day Pay-in Pay-outMark-to-Market T+1 Up to 11:00 AM At 12:00 NoonFunds – Normal T+1 Up to 1:00 PM At 5:30 PMDelivery of Commodities - Normal T+1 Up to 2:00 PM At 5:30 PMDelivery of Commodities – Auction T+2 Up to 11:00 AM At 1:00 PMFunds – Auction T+2 Up to 12:00 Noon At 3:00 PMB) Delivery Charges:(a) The Exchange will charge Rs. 20/- per coin to the seller member on actualdelivery of gold coins tendered by him in this contract, either by delivery offresh stock or delivery of vaulted gold coin lying in the vault.(b) Delivery charges will be collected on a monthly basis.C) Re-sale / Buy back:Re-sale and buy back facility is provided for the coins sold under this contract. Forthis purpose, the intending seller is required to visit the designated delivery center ofGGC along with the tamper proof packaged gold coin. The sealed packet containingcoin should not be tampered with. GGC official examines the packet as well as goldcoin and verify its genuineness. If the authority is satisfied with the condition andauthenticity of the gold, then they will accept the same and issue a receipt to theseller. The deposited gold can be sold on the Exchange platform. If the GGC officialhas not satisfied with, they can reject the same and return to the client immediately.4