National Spot Exchange Limited
National Spot Exchange Limited
National Spot Exchange Limited
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<strong>National</strong> <strong>Spot</strong> <strong>Exchange</strong> <strong>Limited</strong>CircularRef. No.: NSEL/TRD/2009/070 May 23, 2009Dear Members,Commencement of Imported Gold mini bar (T+2) Ex-Vijayawada ContractIn terms of the provisions of the Rules, Bye-Laws and Business Rules of the <strong>Exchange</strong>, theMembers of the <strong>Exchange</strong> are notified that Imported Gold mini bar 100 grams Ex-VijayawadaContract (T+2) will be available for trading from Tuesday, the 26 th May, 2009.Contract details and settlement procedure are as under:1) Contract Specifications – refer to the enclosed Annexure 1,2) Settlement Schedule and vaulting charges – refer to the enclosed Annexure 2,3) Settlement and Delivery Procedure - refer to circular no. NSEL/DEL/2008/033 dated 4 thDecember 2008, and4) Auction Mechanism – refer to the circular no. NSEL/C&S/2008/029 dated 26 thNovember 2008Brinks Arya India (P) Ltd. is the accredited vault for the purpose of delivery of Gold inVijayawada, and exchange shall be appointing service provider for the purpose of replacement ofimported Gold bars, which are taken out of vault and subsequently intended to be exchangedagainst the directly vaulted imported bars, details as under:Accredited VaultName:Address:Brinks Arya India (P) Ltd.No. 32-2-10/E-1, Haribanda SivajiHospital Street,Madhu Gardens, Mogalrajpuram,Vijayawada – 520 010Contact person:Mr.ChandrashekarContact no.: Tel. No. – 0866-2488460Mobile No. – 9392105935Email:vijayawada.gs@brinksarya.comThe aforesaid contract specifications, settlement, delivery and auction procedure will be bindingon all the members of the <strong>Exchange</strong> and clients trading through them.For any clarification, the following officials of the <strong>Exchange</strong> can be contacted.1) Mr. Arpan Jain at +91 9930267952 / 022 -6761 9900 Extn – 9991 or through email atarpan.jain@nationalspotexchange.com / bullion@nationalspotexchange.com2) Mr.Syed Amjad Ali at +91 9642778692 or through email atamjad.ali@nationalspotexchange.comFor and on behalf of<strong>National</strong> <strong>Spot</strong> <strong>Exchange</strong> Ltd.Narsing RaoVice PresidentEncl.: As above-------------------------------------- Registered office --------------------------------------102-A, Landmark, Suren Road, Chakala, Andheri (East), Mumbai – 400 093Tel.: 022 – 6761 9900 Fax: 022 – 6726 9525www.nationalspotexchange.com email: NSEL-bullion@nationalspotexchange.com
A) Settlement Schedule:Annexure 2Particulars Day Pay-in Pay-outMark - to - Market T+1 Up to 11:00 AM At 12:00 NoonFunds – Normal T+2 Up to 1:00 PM At 5:30 PMDelivery of Commodities - Normal T+2 Up to 2:00 PM At 5:30 PMDelivery of Commodities – Auction T+3 Up to 11:00 AM At 1:00 PMFunds – Auction T+3 Up to 12:00 Noon At 3:00 PMB) Delivery Charges: Charges for storing of Gold mini bars at Brinks Arya India (P) Ltd. are asunder:Particulars Commodity DeliveryUnitVaulting Charges (in Rs.)(per day)(per month)Vaulting Charges (inclusiveof Insurance charges)Gold Mini bar 100 gms 1.50 45.00Delivery Charges Gold Mini bar 100 Gms Rs. 100/- perdelivery.Note:1) Vaulting Charges:(a) These charges are applicable for the actual number of days Gold Mini bar has storedin the vault.(b) These charges are not levied to the buyers, if they lift the commodities on the payoutday.(c) These charges will be collected on a monthly basis i.e. 10 th day of the subsequentmonth by debiting the settlement account of the members and if 10 th day is aholiday, charges will be debited on the next working day.2) Delivery Charges:(a) Deposit and release of gold is treated as different transactions.(b) Delivery charges will be collected on a monthly basis.3
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