Belarusian commodity exchange: a platform for bidding through the Internet

The Belarusian stock exchange, commodity trade on the electronic platform is the place where a buyer and seller from the metallurgical, woodworking and agricultural areas meet to make transactions through the Internet.

Site efficiency

In 2016, timber and products of its processing for more than 410 million euros were sold at the forestry site of the Belarusian Universal Commodity Exchange. And more than 446 million euros was the turnover in the metal products section.

Who can become a member?

The right to participate in bidding in the status of a visitor or broker can be obtained:

• Legal entities and individual entrepreneurs of the Republic of Belarus;
• Foreign and international legal entities;
• Organizations that are not a legal entity;
• Individuals.

Documentation for study

Those who appreciated the advantages of trading in BUTB and have the desire to trade on the electronic platform, it is necessary to study a number of documents:

1. First of all, familiarize yourself with the nomenclature of exchange commodities.
2. Then devote time to acquaintance with the interpretation and explanation of concepts and terms that are applied in the normative legal acts of the OJSC "Belarusian Commodity Exchange".
3. Getting acquainted with the Belarusian legislation will help to avoid mistakes and violations, which will make the trade efficient and profitable.
4. The Belarusian stock exchange, whose commodity sections have their own normative acts, made them available for review on their website.
5. Get the notion of exchange rates in different trading sections in order to take them into account when planning costs.
6. On the Belarusian Exchange, commodity trade transactions are under the control of a special department, which minimizes trade-related risks. Acquaintance with the methods of influence on counterparties that do not fulfill their obligations in full and on time, it is desirable to conduct prior to the commencement of work.

7 steps to ...

If there is a desire to proceed to concrete actions, then it is necessary to pass seven preparatory procedures for trading on the Belarusian Commodity Exchange.

1. Determine your status. You can take personal part in the auction as a visitor or broker. The status of the visitor gives the right to trade for himself. The status of the broker adds to the rights of the visitor the right to provide intermediary services as a professional.
2. Having defined the first position, a legal entity - a participant in the Belarusian Exchange on the commodity floor - represents traders, i.e. employees of their company, who will be granted the right on behalf of the visitor to participate in trades and conclude deals.
3. Since the peculiarity of ETP is the fulfillment of transactions through Internet services, it is required to undergo the procedure for obtaining a digital signature that has the power of a person's own signature.
4. Provide the necessary equipment, a computer (or several) with the necessary characteristics and the corresponding software. A specialized program for direct participation in transactions on the Belarusian Exchange with a trading platform is provided free of charge.
5. Provide for consideration the documents necessary for accreditation, after approval of which a contract for exchange services between the exchange and the applicant organization is signed. It defines all financial, legal, technical and procedural relationships between the parties.
6. Carefully study the structure and content of the personal section (virtual trader's cabinet) and instructions for work.
7. Recognize the structure of the exchange's website and the information on it so that you can quickly find what you are looking for in the bidding process.

Now you can start the process of developing your business, that is, buying and selling goods in the area of interest.