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Commodity Futures: Multi Commodity Exchange of India Ltd. (MCX)
Commodity Futures: Multi Commodity Exchange of India Ltd. (MCX)
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Commodity Ecosystem
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Spot Market
Hedger (Exporters/ Millers/ Industry) Producers (Farmers/ Co-operatives/ Institutional)
Clearing Bank
Commodities Ecosystem
MCX
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SHARE 11.71 12.35 23.64 17.14 15.00 24.65 25.08 3.85 43.30 10.09
RANK THIRD SECOND FIRST SECOND THIRD SECOND FIRST EIGTH SECOND THIRD
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Business Potential
Size of Physical Market (Rs. Crore) Rs. 43000 cr Conservative Multiplier (Rs. Crore) ( In 3 years) 20 Times Rs. 8,30,000 cr 10 Times Rs. 3,00,000 cr 10 Times Rs. 1,10,000 cr Rs. 12,40,000cr Global Multiplier (Rs. Crore) (In 3 5 Years) 50 Times Rs. 21,50,000 cr 20 Times Rs. 6,00,000 cr 20 Times Rs. 2,20,000 cr Rs. 29,70,000cr
Commodities
Edible Oils
Rs. 30000 cr
Metals
Rs.11000 cr
Total
Rs. 84,000 cr
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About MCX
National Level Online Multi Commodity Futures Exchange Key Promoters Financial Technologies (India) Ltd, Union Bank Corporation Bank, Bank of India, Canara Bank, State Bank of India,
Bank of Baroda
Operations from 300 cities with over 775 members & 3000 TWS First Indian Exchange to enter into an agreement with an International Exchange (TOCOM) Facilitating Cost effective and economic technology. Real-time price & information dissemination through website and info vendors
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On-line monitoring at members and contract level exposure, price, open interest, quantity, client, etc. On-line margin adjustment - Business in relation to deposit System driven control and actions Electronic fund transfer Daily clearing marked to market
Pay-in and pay-out: T+1 working day Exchange approved depositories Seller to submit proof of delivery with proper quality certification to MCX
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Merchandisers/ Traders
Importers Exporters Consumers/ Industry Commodity Financers
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Easy availability of finance Based on hedged positions commodity market players (farmers, processors, manufacturers, exporters) may get easy financing from the banks
Multi Commodity Exchange of India Ltd, www.mcxindia.com
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Transaction cost Channel Trade Transparency Channel Financial Integrity Lead Transaction Time Physical Delivery
Multi Commodity Exchange of India Ltd,
Wider base for speculators from other markets including securities market
Broad basing of the underlying commodity Industry diffused in several parts of the country may also directly participate Few commodities can be projected viable for an international futures Contract, with participation from global player
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Technology
State of the art Information Technology Real time price and trade information dissemination Robust risk management system and controls
Techniques (Practices)
Best International practices of Exchange governance Competitive membership fee structure and operational cost. To provide information - international & spot markets and commodity research
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Thank You
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