Exchange representationBeing full member of the Commodity Exchange the Company performs exchange representation and concludes exchange transactions on the grounds of the Commodity Exchanges and Commodity Markets Act, the rules on its implementation and the regulations of Sofia Commodity Exchange AD.
The goods traded at the Exchange are divided into three main groups:
- Food products
- Non-food products
Detailed description of the different groups of goods can be found in „list of the exchange goods traded”.
Before the conclusion of each exchange transaction, the Company executes a contract for exchange representation with its Client (Principal) and the particular order is attached to the contract, the order containing detailed description of the goods and the terms for the sale or purchase thereof.
The transactions concluded at the exchange are mostly the following:
- transactions with immediate performance where the parties agree on the delivery of goods held in stock within 10 (ten) business days after the conclusion of the respective transaction.
- forward transactions where the parties undertake to sell or purchase particular goods at the price determined at the conclusion of the transaction specifying a definite deadline for the performance of the delivery.