فارسی  
 

About Markets Rules & Regulations Beneficiaries Products Warehouses Education

Steps to Issue Trading Codes

Steps to Issue Trading Accounts

The Process of Issuance of Trading Accounts

1. The general transaction accounts shall be issued by the admission official, and the specific transaction accounts of the product category and the product shall be issued by the Committee.

2. Issuance of General Transaction Accounts:, Within 24 hours at the most from the broker's submission of complete documents of the customer, the  admission official shall be required to issue the general transaction account for the customer or inform the broker of inadequacy of the documents produced.

3. Issuance of Specific Transaction Accounts for Products and Product Categories: Within at most 15 days from the broker's submission of customer's documents, the secretary to the Committee shall be required to provide the Committee with his expert report comprising his opinion on satisfaction or dissatisfaction of the conditions for granting the specific transaction account of the product or product category along with the respective documents.

4. Within at most 15 days from receipt of the respective report and documents, the Committee shall be required to inform the applicant of its written opinion along with the reasons for granting the specific transaction accounts of the product or product category; and where the application is rejected, the customer may inform the exchange of his objection within at most 10 days from the date at which  the Committee's decision is disclosed to him.

5. Results of decisions and considerations of the Committee vis-à-vis each of the cases referred to shall be set out expressly in body of the minutes. Records and documents of the Committee's minutes shall be retained and, if necessary, provided to the authorities concerned.

6. All Iranian and foreign businesses and corporations may deal products at the exchange and hereby receive transaction accounts.

7. The Committee shall hereby be required to identify the former customers of the exchange who have received transaction accounts. The customers who are contacted under this paragraph shall submit the required documents to the exchange within 3 months at most; otherwise, the Committee may deactivate their accounts.

8. Director of ICT Department of the exchange shall be required to predict some measures for retention and maintenance of the documents relating to identification of the exchange customers. He shall further impose some limitations on the transaction system of the exchange under this Instruction or as required by the Committee.

Top Subjects | All News

 

Offering over 63,000 tonnes of Polymer Products on Tuesday

Offering over 63,000 tonnes of Polymer Products on Tuesday

The oil and petrochemical trading floor of Iran Mercantile Exchange will play host to offering of 63,733 MT of polymer products including PVC, polypropylene, poly butadiene rubber, polystyrene, polyethylene, acrylonitrile butadiene styrene and styrene butadiene rubber.

Offering over 110,000 MT of Iron Ore on Export Ring

Offering over 110,000 MT of Iron Ore on Export Ring

On Monday, December 11, 2017, the export ring of Iran Mercantile Exchange will witness offering of 110,000 MT of iron ore from Sangan Iron Ore Complex.

Offering Copper Products on Metal and Mineral Trading Floor

Offering Copper Products on Metal and Mineral Trading Floor

On Sunday, December 10, 2017, the metal and mineral trading floor of Iran Mercantile Exchange will experience offering of 1,340 MT of copper rod, 1,960 MT of copper cathode and 20,000 MT of low grade copper.

Question form

Name

Subject

Email

Text

Wednesday, December 13, 2017 16:46

Quick Links

  Market Information

  Watches   Contact Us

         Contact us

         Business Calendar

         Export Trading Floor

         Rules & Regulations

        Offer Notices

        Futures Contracts

        Spot Market Info

        Futures Contracts

        Spot Market

 

  RSS

No. 351, Taleghani St, Vali Asr St, Tehran, Iran.

 E-Mail: international@ime.co.ir

 

All rights reserved by Iran Mercantile Exchange, 2016

Home|News|About us|Contact us|RSS