AHCX Business Process

1. Deposit and Issuance of Electronic Warehouse Receipt

   • The seller bringing the deposit to the warehouse.
   • Samples and grading
   • The Goods are weighed and the Deposit Acknowledge slip is generated.
   • This detail is then exported to the exchange Warehouse depository for issuance of Electronic Warehouse receipt.

2. Trading

   • The traders access the trading floor for the trade.
   • Order matching based on the open outcry system.
   • Filling an order ticket and submitting it to the exchange back office.

3. Clearing & Settlement

   • After all the trading session, clearing House finalizes the amount payable by the buyer and receivable by the seller.
   • Exchange will generate an automated statement for debit and credit of settlement accounts of the respective members.
   • This file will be sent electronically to the bank the next day
   • The settlement system will also inform the Warehouse Depository to make the title transfers.

4. Delivery

   • The buyer to inform the exchange about his intention of picking up the delivery. Warehouse supervisor prepares the delivery.
   • Loading of commodity finishes the process.