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Published byWinifred Baker Modified over 9 years ago
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SHREEPATI COMMODITIES PVT.LTD A PLACE WHERE YOU ENJOY TRADING
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Introduction about our company Shreepati commodities Pvt.Ltd is a professionally managed company Having membership in both the commodity exchanges Multi Commodity Exchange (MCX) and NCDEX It is promoted By Mr.Prem Kedia
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Introduction about Company Directors SHREEPATI COMMODITIES PVT.LTD is promoted by Mr.Prem Kedia. Mr.Prem Kedia is a business magnate. He is a man of vision and has sharp business acumen. He has been actively involved in Financial and Capital Market Fields since last twelve years. He specializes in Diamond, precious stones business.
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Executive Director Kanan Sheth A Chartered Accountant by profession,she has been in capital market for last 20 years She has vast experience in financial markets She is the backbone of Shreepati Commodities Pvt.Ltd She is ever committed to prove the maxim “Unless you have 100% customer satisfaction…you must improve." “The result of a business is a satisfied customer”
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What we offer We bring to you a user- friendly online trading facility, coupled with a wealth of content that will help you stalk the right commodities
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Mode of Connectivity for trading Internet Vsat Lease line
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Most active contracts traded on NCDEX NCDEX currently facilitates trading of thirty five, commodities including : Gold Silver Ref soya oil URAD New entrants in commodites trading are Steel ingots
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Procedure for opening Account 1.Membership form has to be filled checklist of enclosure Copy of Pan card Banker letter with signature verification Any one proof of the following Copy of passport copy of voters id cards Copy of driving license Copy of ration card
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Margin structure MARGIN LEVIED IN NON DELIVERY PERIOD NCDEX Initial Margin is levied depending upon volatility Gross exposure margin is constant MCX only single MARGIN LEVIED IS CONSTANT EXCEPT SPECIAL MARGIN
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Delivery period margin Additional margin of 25% is levied
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Contracts have 9 letter name First three letter indicate name Second three letter indicate grade Third three letter indicate delivery centre Trading in any contract month will open on the 21st day of the month. If the 21st day happens to be a non-trading day, contracts would open on the next trading NCDEX CONTRACT DETAIL
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Due Date/Expiry date 20th day of the delivery month If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange.
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Delivery specification Upon expiry of the contracts, if any seller with open position desires to give delivery at a particular delivery center, Then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery.
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Position limits Every contract has Position limits Member-wise: Rs. 40 crores or 15 per cent of open interest, whichever is higher Client-wise: Rs. 20 crores or 10 per cent of open interest, whichever is higher
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Our policies regarding the Payments Against the deposit provided by client The exposure is usually 20 times the deposit MTM Payment has to be made daily
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How we communicate with our clients Bill and contracts are mailed everyday We confirm in morning the outstanding positions
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