How to choose Commodity Category?
As per Exchange Circular MCX/TRD/007/2019 issued by SEBI, exchanges are now required to categorize participants in the Commodity Derivatives market across six defined categories:
- Farmer/ FPO
- Value Chain Participant (VCP)
- Proprietary Trader (relevant for Members' OWN account)
- Domestic Financial Institutional Investor
- Foreign Participant
- Others
The categorization of the clients/members shall be made based on self-declaration basis for each commodity.
To mark mark the categorization, follow these steps:
Step 1. Login to MyGeojit
Step 2. Select Services & Downloads
Step 3. Choose Client Commodity Categorization
Step 4. You will be redirected to Registration page. Here, you can select the desired category.
Please Note: The categorization can be updated by filling in the "Commodity Categorisation Form" which is available at all our branches.
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