This document provides contract specifications for gold futures traded on the NCDEX exchange. It outlines key details such as the underlying asset, contract size, delivery dates and locations, pricing, and position limits. Gold contracts expire on the 20th of each month and involve physical delivery in Ahmedabad, with Mumbai and New Delhi as additional delivery centers. The contract is for 1 kg of gold bars with a minimum fineness of 995, and premiums are given for higher purity deliveries. Daily price limits are +/- 3% initially and can be relaxed in increments of 3% or more if needed.
The power point presentation describes about the Procurement- Contract Management in detail. Some important points are covered here that will help you know, why contract management is necessary.
Clause 14.2 Advance Payment-Understanding Clauses in FIDIC ‘Conditions of Con...Divyanshu Dayal
•Advance payment is an interest free loan to the contractor.
•Advance payment is only paid on fulfillment of certain conditions as stipulated in the clause on receipt of a statement of an interim payment, advance guarantee and performance security.
•Advance guarantee shall remain valid until the advance payment has not been completely repaid. This repayment is done through proportional deduction in the contract price or as stipulated in the particular conditions of the contract.
•Advance payment is also linked with taking over certificate, termination of the contract and force majeure.
The power point presentation describes about the Procurement- Contract Management in detail. Some important points are covered here that will help you know, why contract management is necessary.
Clause 14.2 Advance Payment-Understanding Clauses in FIDIC ‘Conditions of Con...Divyanshu Dayal
•Advance payment is an interest free loan to the contractor.
•Advance payment is only paid on fulfillment of certain conditions as stipulated in the clause on receipt of a statement of an interim payment, advance guarantee and performance security.
•Advance guarantee shall remain valid until the advance payment has not been completely repaid. This repayment is done through proportional deduction in the contract price or as stipulated in the particular conditions of the contract.
•Advance payment is also linked with taking over certificate, termination of the contract and force majeure.
An agreement between two parties whereby one party promises to reimburse the other party for the costs incurred and any additional profit after the completion of the project is called a COST-PLUS CONTRACT.
https://efinancemanagement.com/costing-terms/cost-plus-contract
This three (3) day training course is structured primarily for the oil and gas industry, offshore marine, civil and heavy engineering and water and energy utilities. It is applicable to those persons who manage or lead the procurement processes & manage tender stakeholder committees associated with preparing and issuing requests for quotes, tenders or proposals and who evaluate and assess bid documentation, and negotiate with contractors.
Management information system (MIS) means collection of information(data), selection of useful information out of that, analysis of information and prepare such an information which could be helpful to the manager for project planning, controlling and decision making effectively.
contract management, stages of contract managementVISHAKA BOTHRA
Contract management, management of contract, stages of contract management, role of client, main duties of client, role of contractor, role of subcontractor, role of architect, responsibilities of architect, site supervision, responsibilities of site supervisor, relation between contractor and architect
Recently, Construction IQ conducted an online survey on construction project risk management. Some valuable statistics emerged from the results. Have a look at what your colleagues and peers in the industry had to say…
An agreement between two parties whereby one party promises to reimburse the other party for the costs incurred and any additional profit after the completion of the project is called a COST-PLUS CONTRACT.
https://efinancemanagement.com/costing-terms/cost-plus-contract
This three (3) day training course is structured primarily for the oil and gas industry, offshore marine, civil and heavy engineering and water and energy utilities. It is applicable to those persons who manage or lead the procurement processes & manage tender stakeholder committees associated with preparing and issuing requests for quotes, tenders or proposals and who evaluate and assess bid documentation, and negotiate with contractors.
Management information system (MIS) means collection of information(data), selection of useful information out of that, analysis of information and prepare such an information which could be helpful to the manager for project planning, controlling and decision making effectively.
contract management, stages of contract managementVISHAKA BOTHRA
Contract management, management of contract, stages of contract management, role of client, main duties of client, role of contractor, role of subcontractor, role of architect, responsibilities of architect, site supervision, responsibilities of site supervisor, relation between contractor and architect
Recently, Construction IQ conducted an online survey on construction project risk management. Some valuable statistics emerged from the results. Have a look at what your colleagues and peers in the industry had to say…
Understand the basis of Derivative market, types of derivatives, settlement cycle, difference between delivery and future, etc. To know more or trade in derivatives log on to www.karvyonline.com or speak with a financial advisor on 18004198283.
FUTURES MARKETS AND CENTRAL COUNTERPARTIES.pdfDPawanKumar
A Summary of Chapter 2 of the Book Options, Futures, and Other Derivatives by John Hull.
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OTC Markets
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Delivery
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Regulation
Accounting And Tax
This ppt is prepared to provide detailed information regarding Forwards and Futures contracts of Derivatives the topics covered under this are Meaning of Forwards contracts, Underlying Assets of Forwards contracts, FEATURES OF FORWARD CONTRACTS, Tailored made, Why Forwards contracts, FUTURES CONTRACT, What is A Futures Contract, Characteristics of Futures contracts, Mechanism of Trading in Futures Market, Margin requirement, Marking-to-market (M2M), SETTLING A FUTURE POSITION, OFFSETTING, CASH DELIVERY, by Sundar, Assistant Professor of commerce.
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https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢ Korean Vietnam Partnership - Fair with LG
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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What might I learn?
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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2. Contract Specifications
• For derivatives with a commodity as the underlying, the
Exchange specifies the exact nature of the agreement
between two parties who trade in the contract. In particular,
it specifies the underlying asset, unit of trading, price limits,
position limits, the contract size stating exactly how much of
the asset will be delivered under one contract, where and
when the delivery will be made, etc.
• Here, we look at the contract specifications of some of the
commodities traded on the Exchange. Contracts specifications
of commodities are revised from time to time in light of
changing requirements and feedback of market participants in
terms of product variety, quality, timings, delivery centres,
etc.
3. Cont…
• Most of the Agri commodities futures contract traded
on NCDEX expire on the 20th of the expiry month.
Thus, a November expiration contract would expire on
the 20th of November and a December expiry contract
would cease trading after the 20th of December. If 20th
happens to be a holiday, the expiry date shall be the
immediately preceding trading day of the Exchange,
other than a Saturday. Some of the contracts of metals,
energy etc expire on different dates
4. Type of Contract Futures Contract Specifications
Name of Commodity Gold
Ticker symbol GLDPURAHM
Trading System NCDEX's Trading System
Basis Ex- Ahmadabad inclusive of Customs Duty, exclusive of
Sales Tax/VAT, and any other charges or levies.
Unit of trading 1 kg
Delivery unit 1 kg
Quotation/ base value Rs per 10gram of gold with 995 fitness
GOLD
5. Tick size Re 1
Quality
specification
Not more than 999.9 fineness bearing a serial number and
identifying stamp of a refiner approved by the Exchange.
Quantity variation None
Delivery center Ahmadabad
Additional
Delivery centre
Mumbai and New Delhi
6. Tender Period Tender Date –T
Tender Period:
Tender period would be of 5 working days during trading
hours prior to and including the expiry date of the
contract.
Pay-in and Pay-out: on a T+1 basis. If the tender date
is T then, pay-in and pay-out would happen on T + 1
day. If such a T + 1 day happens to be a Saturday, a
Sunday or a holiday at the Exchange, clearing banks or
any of the service providers, Pay-in and Pay-out would
be effected on the next working day.
There would be 5 pay-in & pay-outs starting T +1 the
5th being the Final Settlement.
7. Due date / Expiry Date Expiry date of the contract:
20th day of the delivery month. If 20th happens to be a holiday, a Saturday
or a Sunday then the due date shall be the immediately preceding trading
day of the
Exchange, which is other than a Saturday.
The settlement of contract would be by a staggered system of 5 Pay-ins and
Pay-outs including the 5th Pay-in and Pay-out which would be the Final
Settlement of the contract.
Delivery specification Upon expiry of the contracts all the outstanding open positions should
result in compulsory delivery.
The penalty structure for failure to meet delivery obligations will be as per
circular no. NCDEX/TRADING- 086/2008/216 dated September 16, 2008.
During the Tender period, if any delivery is tendered by seller, the
corresponding buyer having open position and matched as per process put
in place by the Exchange, shall be bound to settle by taking delivery on T +
1 day from the delivery centre where the seller has delivered same.
8. Closing of Contracts Clearing and settlement of contracts will commence with
the commencement of Tender Period by compulsory
delivery of each open position tendered by the seller on
T +1 to the corresponding buyer matched by the process
put in place by the Exchange. Upon the expiry of the
contract all the outstanding open position should result
in compulsory delivery.
Opening of Contracts Trading in the far month contract will open on the 10th
day of the month in which the near month contract is
due to expire. If the 10th happens to be a non-trading
day, contracts would open on the next trading day.
No. of active contracts As per launch calendar
9. Price limit Base daily price fluctuation limit is (+/-)3%. If the trade hits the prescribed
base daily price limit, the limit will be 56 relaxed up to (+/-)6% without any
break/ 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 further relaxed up to (+/-) 9%. Trade will be allowed during
the cooling off period within the price band of (+/-)6%.
In case of price movement in International markets which is more than the
maximum daily price limit (currently 9%), the same may be further relaxed
in steps of 3% with the approval of FMC.
Position limits Member wise : 6 MT or 15% of market wide open position whichever is
higher - For all Gold contracts combined together.
Client- wise : 2 MT - For all Gold contracts combined together.
The above limits will not apply to bonafide hedgers. For bonafide hedgers
the Exchange will decide the limits on a case-to-case basis.
10. Quality allowance (for
Delivery)
Gold bars of 999.9 / 995 fineness
A premium will be given for fineness above 995. The settlement
price for more than 995 fineness will be calculated at (Actual
fineness/995) * Final Settlement Price. Premium of 0.49% would be
given for gold delivered of 999.9 purity.
Special Margin In case of additional volatility, a special margin at such other
percentage, as deemed fit by the Regulator/ Exchange, may be
imposed on either the buy or the sell side in respect of all
outstanding positions. Removal of such Margins will be at the
discretion of the Regulator/ Exchange.
Additional Margin In addition to the above margins the Regulator/Exchange
may impose additional margins on both long and short
side at such other percentage, as deemed fit. Removal
of such Margins will be at the discretion of the Regulator/
Exchange.