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Article: NMCE amends due date rate deriving process.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 20, 2007
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NMCE amends due date rate deriving process
New Delhi, Aug 20 (PTI) The National Multi-Commodity Exchange (NMCE) today said it will change the process of calculating the due date rate or settlement price for all commodities from next month.
"The due date rate will be derived by averaging out the last three days spot prices which fall in the delivery month at the main centre specified in the contract design, and at other delivery centres specified by the exchange," NMCE spokesman V K Chakravarthy said in a statement.
NMCE has amended the process of deriving the due date rate for all the commodities traded at exchange terminals to three days from ...