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NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED Circular to all trading and clearing members of the Exchange Circular No.: NEDEX/TECHNOLOGY 035/2021Date: June 30, 2021Subject: Contingency and Go
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Contingency mock trading is a simulation exercise conducted by financial institutions to test their readiness in case of emergencies or disasters.
Financial institutions such as banks, investment firms, and insurance companies are required to file contingency mock trading.
Contingency mock trading is usually filled out by designated individuals within the financial institution following a set of guidelines provided by regulatory authorities.
The purpose of contingency mock trading is to ensure that financial institutions are prepared to handle unexpected events and disruptions to their operations.
Information such as contact details of key personnel, emergency response procedures, and communication protocols must be reported on contingency mock trading.
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