Be an informed and vigilant investor
. Trade in futures contracts on commodities only through FMC registered
members of NCDEX. Verify the registration certificate of the member and ensure
that the member has a valid registration certificate.
. Enter into an agreement with your member setting out clear terms and
conditions for trading. Execute a valid member - constituent agreement and
procure a signed copy of it.
. Study and understand the risk disclosure documents and clear all your
doubts before opening the account or entering into any transactions. Also
familiarize yourself with the Rules, Regulations, Byelaws and Circulars issued
by NCDEX and directives of Forward Markets Commission before carrying our any
transaction. All circulars issued by NCDEX are available in the mentioned link
at www.ncdex.com/membership/circulars.aspx
. State clearly who will be placing orders on your behalf.
. Ensure that orders / delivery information are placed in the client
code assigned to you (by the member).
. Insist for and retain original contract notes duly filled up with
member name, trade time, trade no.,commodity type, price and quantity and
signed by the member or his authorized signatory, within 24 hrs of trade
execution.
. Cross check the genuineness of trades carried out at NCDEX through the trade verification facility available on NCDEX website. The trades can be verified online at the mentioned link at www.ncdex.com/marketdata/hist_trade_verification.aspx only last three days trade details are available for verification. Trades carried out on the same day are not available and can be verified the next day.
. Ensure receipt of payment / deliveries within one working day of
payout.
. Ensure timely payments of margins, MTM and other amounts to the
member. Issue cheques / drafts in your member’s name and receive cheques /
drafts in your name.
. In case of any dispute in the trades or in the contract notes or any
complaint against the member, take up the issue with member directly. In case
of non-resolution, file written complaint against the member with the Exchange.
(Format and details available on our website under www.ncdex.com/marketdata/cmplnt.aspx
). Please download, print the form, fill in
the details, sign the same, enclose the relevant supporting documents and send
it to the Exchange.
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