Financial Matters - Multi Commodity Exchange ( MCX )

MULTI COMMODITY EXCHANGE:

Multi Commodity Exchange of India (MCX), which is one of the only fourNational multi commodity exchange in India.

MCX is promoted by the Finance Technologies. It is a Demultualized Exchange. It has a National wide presence. It is a Largest Volumes for Gold in India and other metals. It has a Strategic Alliance with the Bombay Bullion Association Ltd, the Solvent Extractors Association of India and Bombay Metal Exchange Ltd.

Commodities Traded On the MCX Platform:

Products

MCX offers the following products for trade

Gold

Gold M

Gold HNI

Silver

Silver M

Silver HNI

Castor Seeds, Castor (disa), Castor oil

Soya seeds, refined soy Oil, Soy Meal

RBD palm lien

Crude palm oil, Groundnut oil

Sesame Seeds

Mustard Seeds, Mustard Seeds oil

Cotton seed, cotton seed oilcake

Crude oil

Pepper, red chili, jeers turmeric

Steel long, staple cotton, mediums staple cotton

Chana, urad, yellow peas, tur

Rice, basmati rice, wheat, maize, sarbati rice

Rubber, gur, guar seeds, sugar M-30, Sugar S-30, guar gum bandhani, guar gum

Cashew kernel, guar seeds, bandhani, menthe oil

Timings:

Commodities are traded in two sessions, 10 am to 5 p. m and 5.45 to 11.30 p.m. except steel, crude palm oil, ground nut oil, RBD palm lien, Black pepper, Rubber, kappa’s, castor oil and seed and guar seed.

DELIVERY PROCEDURE

The client should follow the following procedure to take delivery of the commodity.

1^st day- Buyer /seller informs the Exchange about their intentions.

2^nd day- Buyer is required to make payment in accordance to the quantity allocated to him.

6^th day- Seller is required to deliver the goods at the delivery centers specified by the exchange by 12 noun. Buyer can peck up the delivery from 12 noun to 4 pm.

7^th day- the payment will be released to the seller.