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Ministerial Decree No. 228 regarding validation of the Provisional Regulation on future transactions of agricultural commodities.

Country/Territory
Tajikistan
Document type
Regulation
Date
1996
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Agricultural commodities Internal trade
Geographical area
Asia, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Abstract

Organization of future-forwarding trade as regards transactions of agricultural commodities under market conditions allows the producers of agricultural commodities to analyse prices for the future commodities, to make transactions in a more favourable market situation and to insure themselves against price-wave. The Regulation consists of 12 Sections. Section 1 lays down general provisions. Section 2 classifies the types of transactions regarding agricultural commodities concluded at stock exchange. Section 3 regards stock exchange commodities. Section 4 establishes terms and conditions for purchase and sale of agricultural commodities in the process of carrying out future transactions. Section 5 regards pay chamber, its functions and the modalities of payment. Section 6 deals with the participants in future transactions. Section 7 regards accounting of pay chamber. Section 8 establishes the terms of pay chamber. Section 9 establishes the main functions and tasks of pay chamber. Section 10 regards commission fees. Section 11 regards hedging of future transactions. Section 12 establishes the system of guarantees on future market.

Full text
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