Baku, Azerbaijan, Jan. 25
By Mamed Dashdemirov - Trend:
The Uzbek Cabinet of Ministers has defined the categories of goods sold at the exchange, exhibition and fair trades held by the Uzbek Republican Commodity Exchange (UzEx), the press service of the UzEx told Trend Jan. 25.
In particular, goods of a certain kind and quality, including financial instruments (directives) with unchanged quality indicators, which don’t require preliminary review and are included in the exchange quotation list, are sold at the exchange trading.
Goods that don’t meet the requirements for exchange commodities and that provide buyers with the opportunity to review their samples and models, e-catalogs, prospectuses and advertising bulletins or other documentation are sold at the exhibition and fair trades.
The document also establishes the rules for carrying out settlement and clearing operations by the Settlement and Clearing House of Uzbekistan through the e-clearing system. All settlements on transactions are also carried out exclusively via this system.
According to the rules, members of the stock exchange, their clients, including foreign ones and legal entities, as well as individual entrepreneurs acting as buyers at the exchange trading can become clearing members.
In order to become a clearing member, it is necessary to register in the Settlement and Clearing House of Uzbekistan, after that, an individual user number is assigned and the corresponding personal account is opened, which are necessary for the obligations and rights of claim on transactions to be taken into account.
After the registration, for participation in the trading, clearing members transfer funds to the secondary accounts of the Settlement and Clearing House, which are opened in the bank that renders services to the stock exchange.
The total trading volume increased by 15.2 percent and reached 13.9 trillion soums at the UzEx in 2017 compared to 2016.
In 2017, transactions worth 1.6 trillion soums were concluded at the exhibition and fair trades, which is 10 percent more than in 2016.
(8,163.93 soums = 1 USD on Jan. 25)