Ace Commodity Exchange launches special scheme to promote delivery in Cotton contract

19 December 2012
Mumbai, December 19, 2012: Ace Derivatives and Commodity Exchange Limited (“Ace”), a Kotak Mahindra Group anchored commodity exchange in India, today announced the launch of a special concession scheme to encourage hedgers’ participation and promote delivery in its Cotton contract.
 
This scheme can be availed by the initial depositors who deposit the goods in the Exchange accredited warehouse and deliver the same on the Exchange platform. For these depositors, Ace will waive off a) the testing and assaying charges, b) labour charges for loading and unloading of goods (Loading at depositors’ location and unloading at Exchange accredited warehouse) subject to maximum of Rs. 4000/- per lot of 100 bales and c) the rent of warehouse for first month of deposit.
 
The concessions will be applicable for all goods deposited in the exchange accredited warehouses from December 21, 2012 and remain in force till further notification. Ace had launched future trading in Cotton contract on September 24, 2012.
 
About Ace
Ace Derivatives and Commodity Exchange Limited is a screen based online derivatives exchange for commodities anchored by the Kotak Mahindra Group. Ace Commodity Exchange, earlier known as Ahmedabad Commodity Exchange Limited, has been in existence for more than 5 decades in Commodity Derivatives Business, bringing in the best and transparent Business Practices in the commodity space.
 
For Further Information
 

Ananya Shukla Akhila Natarajan

Ace Derivatives and Commodity Exchange Ltd Hanmer MSL

+91 9833635477 +91 9821689525

ananya.shukla@aceindia.com akhila.natarajan@hanmermsl.com