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Commodity

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 have a better understanding of their needs and preferences. It is an essential tool in the world of finance, as it enables members to make informed decisions and cater to their clients' specific requirements. Let's dive into the intricacies of this code and discover its significance in the financial realm.

Pool Account

A member pool account, or Demat account, is a crucial tool utilized by Trading Members and Clearing Members in commodity exchanges. Its primary purpose is to ease the pay-in...

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Bullion

Precious metal bars, commonly known for their standardized sizes, are physical representations of valuable commodities. These bars, made of gold, silver, and other precious ...

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Bid – Offer/Ask spread

Understanding the Bid-Ask spread is crucial in the world of finance. It refers to the difference between the price at which a dealer is willing to buy and sell a commodity. ...

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First Notice Day/ Tender Days

This is an important concept to understand in the world of finance and trading. It is essential for investors to keep track of FNDs as they approach, as it can affect their p...

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