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National Spot Exchange Limited Circular Ref. No.: NOEL/TRY/2012/105April 16, 2012Dear Members, Commencement of Spot trading in PLATINUM (Dem at Platinum units) Contract In terms of the provisions
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01
Gather all relevant information: Before filling out the commencement of spot trading form, make sure you have all the necessary information at hand. This may include the date of the transaction, the names and contact details of the parties involved, the details of the spot trade, and any other required information.
02
Identify the purpose of the spot trade: Clearly define the purpose of the spot trade in the commencement form. Specify whether it is for buying or selling a certain commodity or asset, and provide a brief description of the transaction.
03
Specify the terms and conditions: The commencement form should include the terms and conditions that both parties agree upon. This may include the price, quantity, delivery date, and any other terms that are specific to the spot trade.
04
Include any special instructions or requirements: If there are any specific instructions or requirements for the spot trade, such as particular shipping methods or additional documentation needed, make sure to clearly state them in the form.
05
Review and sign the form: Once you have filled out all the necessary details, thoroughly review the commencement form for accuracy and completeness. Then, sign the form to indicate your agreement to the terms and conditions outlined.

Who needs commencement of spot trading?

01
Individuals or businesses involved in buying or selling commodities or assets on a spot basis require the commencement of spot trading.
02
Financial institutions, such as banks or investment firms, that facilitate spot trades between buyers and sellers also need the commencement of spot trading documentation.
03
Any party participating in a spot trade, whether as a buyer or seller, may need to fill out the commencement form to formalize the transaction and establish the agreed-upon terms.
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Commencement of spot trading refers to the start of trading activities in the spot market where assets are bought and sold for immediate delivery.
All entities or individuals engaged in spot trading activities are required to file commencement of spot trading.
Commencement of spot trading can be filled out online on the designated platform provided by the regulatory authority.
The purpose of filing commencement of spot trading is to provide transparency and regulatory oversight over spot trading activities.
The information to be reported includes details of the entity or individual engaging in spot trading, the assets being traded, and the start date of trading activities.
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