Dealing in Commodity Futures Sample Clauses

Dealing in Commodity Futures. Do’s Don’ts ✓ Read, understand and be updated about the guidelines and circulars of the Exchange and of the Forward Markets Commission. ✓ Refer and understand all the provisions of Forward Contracts (Regulations) Act, 1952 dealing with futures trading in commodities and amendments thereof from time to time, including provisions and rates relating to the sales tax, value added tax, APMC Tax, Mandi Cess and Tax, octroi, excise duty, stamp duty, etc., applicable on the underlying commodity of any contracts offered for trading by NCDEX. ✓ Read the commodity contracts circulars issued by NCDEX and carefully note the contract specifications of the commodity in which you wish to trade. The contract specifications are subject to change from time to time. ✓ Before entering into buy and sell transactions please be aware of all the factors that go into the mechanism of pricing, trading and clearing. ✓ Read the product note of the commodity in which you wish to deal to understand the commodity and parameters that impact on the trading and settlement of the commodity. ✓ Understand the Delivery & Settlement Procedures of the commodity that you wish to deal in the futures market. ✓ Study historical and seasonal price movements of the commodity that you wish to deal in the futures market. ✓ Keep track of Governments’ Policy announcements from time to time of the commodity that you wish to deal in the futures market. ✓ Apply your own prudent judgment for investments in commodity futures and take 🗶 Do not fall prey to market rumours. 🗶 Do not go by any explicit/implicit promise made by analysts/advisors/experts/market intermediary until convinced. 🗶 Do not deal based on Bull/Bear run of commodity markets sentiments. 🗶 Do not go by the reports/predictions made in various print and electronic forms without verification. 🗶 Do not trade on any product without knowing the risk and rewards associated with it. informed decisions. ✓ Comply with Taxation and other Central Government/State Governments regulatory issues. ✓ Go through all Rules, Bye Laws, Regulations Circulars and directives issued by NCDEX. ✓ Since the investment is based on various types of margins, be aware of the risks associated with your positions in the market and margin calls made from time to time. ✓ Collect/Pay Mark-to-Market margins on your futures positions on a daily basis from/to your member. ✓ Be aware of your risk taking ability and fix stop-loss limits. Liquidate your positions at such levels to r...
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