What is “National” Commodity Exchange?
Government identified the best international systems and practices in respect of trading, clearing, settlement and governance structure and invited applications from associations – existing and potential – to set up National Commodity Exchanges by introducing such systems and practices. The term, “National” used for these Exchanges does not mean that other Exchanges are restricted from having nationwide operations. TOP 71. How do National Commodity Exchanges differ from other Commodity Exchanges? National Commodity Exchanges would be granted recognition in all permitted commodities; the other exchanges have to approach the Government for grant of recognition for each futures contract separately. Also, National Commodity Exchanges would be putting is place the best international practices in trading, clearing, settlement, and governance. TOP 72. Which are the approved National Commodity Exchanges? The Government of India identified four commodity exchanges – two existing and two at prop
Government identified the best international systems and practices in respect of trading, clearing, settlement and governance structure and invited applications from associations existing and potential to set up National Commodity Exchanges by introducing such systems and practices. The term, “National” used for these Exchanges does not mean that other Exchanges are restricted from having nationwide operations.
Related Questions
- I have both a Commodity or Transportation Exchange user name and password AND a Milk Scheduling, Cheese Scheduling, or Milk Receiving & Tracking user name and password. Which one should I use?
- What are the sponsor’s responsibilities toward exchange participants in the event of a national emergency or natural disaster?
- What is "National" Commodity Exchange?
