Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies


Latest $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

NMCE - National Multi-Commodity Exchange of India Ltd

Yesterday, I was seeing DD News and in the last of screen, I was seeing many updates about NMCE. So, I was interested to know about NMCE. By simple search on Google, I got the the Site of NMCE from where, I knew about NMCE. NMCE means National Multi-Commodity Exchange of India Ltd. It is Indian company who is providing the facility of exchange of products like Precious Metals, Metals, Agricultural. In other words it is that commodity exchange or market where you can buy or sell its commodity products online. NMCE's head office is at 4th Floor, H K House, Ashram Road,Ahmedabad – 380 009, Gujarat, INDIA.

Objectives of NMCE

National Multi-Commodity Exchange of India Limited is providing world class services of on-line screen based Futures Trading of permitted commodities and efficient Clearing and guaranteed settlement, while complying with Statutory / Regulatory requirements. It shall strive to ensure continual improvement of customer services and remain quality leader amongst all commodity exchanges.

•Improving efficiency of marketing through on-line trading in Dematerialization form.

•Minimization of settlement risks.

•Improving efficiency of operations by providing best infrastructure and latest technology.

•Rationalizing the transaction fees to optimum level.

•Implementing best quality standards of warehousing, grading and testing in tune with trade practices.

•Improving facilities for structured finance.

•Improving quality of services rendered by suppliers.

•Promoting awareness about on-line features trading services of NMCE across the length and breadth of the country.

Promoters of NMCE

1. PNB
2. CWC

How to Get Membership in NMCE

There are many ways to get membership in NMCE.

1st way : For becoming Trading com clearing member (TCM), you have to pay total Rs. 725000 in which annual subscription is also included.

2nd way : For becoming just Trading member (TM), you have to pay just 85000 in which annual subscription fees is also included.

How to Deal in NMCE

You can  deal in NMCE by choosing any of following  market where you have to deal online.

Ready Delivery Market

Cash Trades

Cash Trades are done for one hour in the day and are settled the same day. The Seller has to deliver the warehouse receipt and Buyer has to make payment before the closure of the banking hours. On receipt of payment from the Buyer, Clearing House will release and endorse the warehouse receipt in favor of the Buyer. All the trades are settled individually on trade for trade basis.

Spot Trades

Spot Trades done for two hours in the day are settled on the third day from the date of transaction. The settlement is done on T+2 day i.e. trade done on Monday will be settled on Wednesday. The Seller has to deliver the warehouse receipt and Buyer has to make payment before the closure of the banking hours on the third working day. On receipt of payment from the Buyer, Clearing House will release and endorse the warehouse receipt in favour of the Buyer. All the trades are settled individually on trade-for-trade basis.

Weekly Trades

Trades for weekly settlements are done during the prescribed hours in the day are settled on the fifth day from the date of transaction. The settlement is done on T+5 rolling day i.e. trade done on Monday will be settled on next Monday. The Seller has to deliver the warehouse receipt and Buyer has to make payment before the closure of the banking hours on the fifth working day. On receipt of payment from the Buyer, Clearing House will release endorse the warehouse receipt in favour of the Buyer. All the trades are settled individually on trade-for-trade basis. The transactions are not netted for the purpose of settlement.

Auction Market

Auction Market is used by the Exchange to close out the positions of the members who have failed to pay-in their obligations. In the Auction market, the trading member can participate in the auctions initiated by the Exchange only. The counter orders can be entered only during Auction period.

Futures Market

The Futures Market is primarily intended for Hedging and Speculation. Contracts in Futures Market results mostly in Cash Settlement and do not frequently result in delivery. The Clearing House guarantees trades executed on the exchange. Contracts that are not closed out and are due for delivery will be delivered and settled through the warehouse receipts. NMCEIL is having 12 delivery month contracts as separate contracts for each commodity being traded at NMCEIL. All contracts are settled on daily basis at the daily settlement price till the final delivery of commodity on the expiry date.

Futures market consists of various book types wherein orders are segregated as Regular lot orders, Special Term orders, Negotiated Trade Entries and Stop Loss orders depending on their order attributes. All orders have to be of regular lot size or multiples thereof.

Specific Delivery Market

These contracts will have delivery obligation maturing beyond a period of 11 days

The terms of delivery of commodities may vary from trade to trade as decided by the contracting parties at the time of entering into transaction. Such specific terms could be related to delivery date, delivery center, quality of commodity, pricing basis (FOB, CIF), payment terms etc.

The transactions are not done on anonymous basis i.e. transactions are done knowing the counter party.

Both the parties to trade enter into transactions after knowing the terms of contract, which may vary from trade to trade. However, there are standard definitions for various terms of contracts.

Exchange will monitor performance of these contracts and if required, impose mark to market margins on the open, unsettled contracts depending upon the volatility in the commodity.

All the members entitled to trade in a commodity will be allowed to trade in these Specific Delivery markets.


: 4
  1. This is the basic information about the National Multi Commodity Exchange that every commodity trader should be aware of.

  2. Basic information of National Multi commodity Exchange is good , I will be follow more updates for NMCE .

  3. Fetch all commodity market updates from epicresearch.co and trade thoroughly.

In comment, you can give your feedback, reviews, ideas for improving content or ask question relating to written content.



access,2,account,86,accountant,95,Accounting,684,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,87,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,7,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,143,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,5,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,2,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
Accounting Education: NMCE - National Multi-Commodity Exchange of India Ltd
NMCE - National Multi-Commodity Exchange of India Ltd
Accounting Education
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy