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Commodity

Trade date

is known as the trade date. This date is important in the financial world as it determines when the transaction will be settled and when the funds will be exchanged.

Understanding the concept of trade date is crucial in the realm of finance. It refers to the date when a trade is carried out, with a specific value date in mind. This value date is significant, as it dictates the timeline for the settlement of the transaction and the exchange of funds. In simpler terms, the trade date sets the wheels in motion for the completion of a financial transaction. So, keeping track of trade dates is essential in managing financial operations effectively.

BIS

The Bureau of Indian Standards, also known as BIS, is a national organization that sets and maintains quality standards in various industries in India. It was established in...

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CIF

(CIF) is a trade term used in international commerce where the seller is responsible for organizing and paying for transportation of goods to the buyer's chosen port of desti...

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Commodity Exchange

These exchanges help in price discovery and hedging against price risks. Commodity Exchange refers to a marketplace for trading standardized commodities through futures and ...

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Beneficiary Account

A beneficiary account, much like a bank account, is a Demat account that can be held by an individual or a corporate entity. It can also be held jointly by multiple parties,...

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