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CRUDEOIL :- 1 BBL MUMBAI 4,091.00
CRUDEOILM :- 1 BBL MUMBAI 4,091.00
NATURALGAS :- 1 mmBtu HAZIRA 184.00
21 Sep 2018 17:26
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We are closing down our operations.
Introduction of Options in Commodity Derivatives Market : SEBI has constituted a committee of experts known as Commodity Derivatives Advisory Committee (CDAC) to advise SEBI on matters concerning effective regulation and development of the commodity derivatives market. The recommendations made by the CDAC inter alia, on the subject of introduction of new products have been considered and it has been decided that Commodity Derivatives Exchanges shall be permitted to introduce trading in 'options'.
Based on the regulatory requirement, MCX has implemented push based SMS service, to disseminate Exchange traded commodity future contract price information. The said facility has been implemented on the website under My MCX section of MCX website, www.mcxindia.com. To avail the SMS service, interested stake holders are required to register on the website and select the commodities for price update. The price dissemination through SMS implemented by the Exchange is provided free to the subscribers.
NMCE circular on SEBI Turnover Charges: “In terms of SEBI Regulations, Schedule III, (Regulation10), Table -2, all the members of the Exchange, dealing in Commodity Derivatives, are required to pay a fee to SEBI on turnover done by them with effect from 28th September 2015 and the current rate of fee is as follows:- “Rs 20/- Per crore (0.0002 percent of member turnover)” With effect from 1st July 2016 the SEBI Turnover charges collected from the member as under. “Rs 20/- Per crore (0.0002 percent of member turnover)”
In order to provide better clarity in understanding the term “Final Expiry Date/ Expiry Date” given to commodities by the Assayers empaneled/ approved by the Exchange, “Expiry Date/Final Expiry Date” shall henceforth be denoted as “Exchange Deliverable Date (EDD)” in all assaying certificates issued by the assayers and wherever the term “Expiry Date/Final Expiry Date” is reflected or mentioned shall henceforth mean and shall be read and also referred to as “Exchange Deliverable Date(EDD)”.
W.e.f December 01, 2015, trading will be limited to square off the existing open position for clients who are not registered under the KRA. Fresh positions will not be allowed until registration under the KRA.
As per Government notifications, Service Tax is being hiked to 15% from the existing 14% consequent to the levy of Swachh Bharat Cess (0.50%), and Krishi Kalyan Cess (0.50%). Hence, the new Service Tax rate @ 15% will be applicable for all trades.
A new contract for Gold is available in MCX. Symbol: GOLDGLOBAL This contract does not include any local market premium. The DDR price will be calculated on the expiry date based on the International price on that day at RBI reference rate. Other Benefits: Perfect Hedge for Exporters, Importers & Indian Refiners. Only two variables: International prices and Currency. Spread benefit: Pay only 25% of total margin. Contract excludes custom duty, taxes and Domestic premium/discount. Cash Settled contract. No need to hedge 3 Legs (International exchange, domestic exchange and currency exchange)
NCDEX launched Forward contracts in Gold for delivery in Hyderabad Duration: maximum 60 days. Base price: Price agreed at the time of trade. Pricing Date: As agreed between buyer and seller. Initial margin: 5%. For more information : http://www.ncdex.com/Downloads/Circulars/PDF/Launch_Forward_Contracts_Gold_Hyderabad_02072015.pdf
We are pleased to announce our name change, from Geojit Comtrade Ltd. to Geofin Comtrade Ltd. Our new logo and look reflects our vision to become an integrated service and solution provider in the commodities space.
“Please be informed on the following changes with regard to online access:
Online Trading: https://flip.geofin.co.in
Online Back-office & Payment gateway: http://cc.geofin.co.in
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Pepper Special Report
The basics of commodity trading
Hindu Business Line
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Rubber output up, consumption lags
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Geofin Comtrade Ltd (formerly known as Geojit Comtrade Ltd.) CIN :U51909KL2008PLC031863, MCX Member code: 40220
FMC No.: MCX/TCM/CORP/1710 NCDEX Member code : 00920 FMC No.:NCDEX/TCM/CORP/0895 NMCE Member code: CL0324
FMC No.: NMCE/TCM/CORP/0245
GST ALERT :
IMPLEMENTATION OF GOODS AND SERVICE TAX (GST) : As per the Goods and Service Tax (GST) structure, the existing Service Tax rate of 15% will be replaced by GST rate of 18% from 1st July 2017.This change will be applicable for all the heads where service tax is charged.
Attention Investors :
"Prevent Unauthorised transactions in your Trading/Demat Account --> Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL at the end of the day .......... Issued in the interest of investors." | "Geofin Comtrade Ltd. has Proprietary i.e. OWN Account Trading." | Geofin Comtrade Ltd. is closing down its operations.
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