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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.

Unique Client Code

Exchange members are assigned a unique code that contains information about their clients. This code provides comprehensive details about the clients, allowing members to ha...

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ICAR

The Indian Council of Agricultural Research (ICAR) is a premier organization that focuses on the development and implementation of innovative agricultural techniques in Indi...

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Spot Commodity

This market is a physical or virtual marketplace where goods are bought and sold for immediate delivery at current market prices. A key term in the world of finance is the ...

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GNP

(GNP) is a measure of a country's economic output, including the value of goods and services produced by its citizens, both domestically and abroad. It is an important indica...

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