Administrator of Software Product "Electronic Exchange Trading System" (BETS) – the person authorized by the exchange to accept orders in the BETS, to check security deposit of orders, to maintain the electronic exchange trading, control of exchange contracts signing and fulfillment of regulations of exchange trading, acceptance of applications for order withdrawal (recall) for participation in the exchange trading in the event of force majeure.
Auditing Committee – the exchange body which controls its financial and economic activity.
Bidder – exchange member who has received the appropriate status under the Exchange Statute and other internal Exchange documents.
Broker – a person authorized by the Exchange to conduct exchange trading and monitor compliance with the Rules of exchange trading.
Brokerage office – non-permanent exchange member, participant of exchange trading who rents place in a permanent member of the exchange, carries out exchange transactions on their behalf and at his own expense, or provides brokerage services within exchange transactions concluding to the third parties (customers).
Brokers – the authorized representatives of brokerage firms accredited on the exchange, whose duties consist in carrying out instructions of the exchange members who are represented by brokers within implementation of exchange transactions by the contracting and reporting of their operations for registration on the Exchange.
Buyer's price (bid) – the price proposed by buyer (member of the exchange trades) during the exchange trading in given exchange commodity (commodity group) in a given trading session.
Clearing house – a body that is acting as a single settlement and financial center during implementation of exchange transactions.
CNC computer workstation – a set of software and hardware used to access the electronic trading system.
Commodity Exchange – an organization that brings together legal and physical entities engaged in productive and commercial activities, and which's purpose is to provide services to enter into exchange agreements, the determination of commodity prices, supply and demand for products, research, organizing and facilitating commodity circulation and related trades.
Confidential information – any information that has actual or potential value because of its unknown for third parties, not intended for wide distribution and / or use of the unlimited range of people within the scope of law.
Contract card (ticket) – a document signed by the counterparties of the voice exchange trades that have concluded an agreement specifying trading data, bulletin position, quantity, price (from seller (the supply), from buyer (demand), the price of the exchange agreement), the registration numbers of the exchange members (seller or buyer).
Disciplinary responsibility – the responsibility of the trading participants specified in the Disciplinary Code for the disciplinary violation.
Disciplinary violation – an act for which according to the Discipline Code the disciplinary liability is established.
Electronic exchange trading – a procedure of exchange trading realization in the Software
Product "Electronic Exchange Trading System" through the Internet.
Electronic signature – data in electronic form which are attached to other electronic data or logically associated with them and are intended to identify the subscriber of the data.
Exchange arbitrage – the special exchange department, which is created to resolve disputes on exchange agreements and other matters of exchange trading.
Exchange commodity – any commodity admitted to the exchange trading.
Exchange contract – contract between the parties of exchange trading on the implementation of the agreement for the supply of exchange commodity against payment.
Exchange fee – fee for the organization and conducting of exchange trades paid by winners of trades.
Exchange Members – the permanent exchange members and non–permanent exchange members.
Exchange trading – activities of exchange and exchange trade participants aimed at the implementation and fulfillment of transactions.
Exchange transaction – the transaction executed at the exchange trade by exchange participants on its own behalf or on behalf of third parties, resulting in the conclusion of the exchange contract.
Exchange working groups – consultative and advisory permanently operating exchange bodies.
Force majeure – events or circumstances that are beyond the control of the counterparty, came after the conclusion of the exchange contract, submitting of order for trading and have unpredictable and inescapable nature. Force majeure includes, in particular, natural disasters, strikes, fires, floods, explosions, wars, riots, destruction of goods, transportation delays caused by accidents or bad weather, embargoes, accidents, restrictions imposed by public authorities (including official requirements, quotas, price controls), if these factors directly affect the performance of counterparty's duties.
Guarantee fee – cash assets paid by the member of exchange trades to take part in trading, the amount of which is determined by applicable law or exchange.
Internal document exchange – a document which is accepted by the Exchange Committee and other governing bodies of Exchange in relation to their competence.
Lot – the minimum trading unit which includes any group of exchange goods offered for sale.
Non–permanent exchange member – is a member of the Exchange which has received membership by renting exchange place in a permanent exchange member.
Order for purchase – commercial offer from trading participant to purchase a commodity that has been executed in the form prescribed by Exchange.
Order for sale – commercial offer from trading participant to sell a commodity that has been executed in the form prescribed by Exchange.
Permanent exchange members – the founders of the exchange, legal or physical entities, taken in its membership according to the Exchange Statute, who have paid the entrance fee and that have a specific set of quotas (exchange places).
Price of exchange transactions – the price at which exchange transaction in given exchange commodity (commodity group) in a given trading session is accomplished.
Quotation Exchange Commission – created to provide price quotes (establishment level) for goods which are sold on an exchange and are subject to quotation.
Section – a specialized area of the exchange activity, within which a certain group of exchange commodities are traded.
Seller's price (offer) – the price at which trading begins in a given exchange commodity (commodity group) in a given trading session.
Software Product "Electronic Exchange Trading System" (BETS) – a complex of databases, technical, software, telecommunications and other means which ensure the ability to input, store and process information necessary for the exchange trading, confirmation of exchange transactions facts and monitoring its implementation, component of software and hardware complex, which provides an electronic exchange trading in the sections of the commodity market.
Technical access to the program–technical complex – technical user access to program–technical complex subsystems.
The Disciplinary Commission – Exchange Commission which was created and operates based on and in accordance with the provisions of the Disciplinary Commission.
Trading – bidding, auctions and other exchange activities.
Trading day – the day when the exchange trading in exchange commodity are carried out.
Trading session – trading day period during which the exchange trading participants carry out exchange transactions.
Trading step – the amount by which the unit cost of the exchange goods or lot at the auction are changed.
Voice exchange trades – trades which are held publicly and openly in the trading rooms of the exchange with the participation of the exchange trading participants in commodities admitted to realization on the market.