of September 23, 1994 No. 961-XII
About the commodity and raw exchanges
This Law regulates stock exchange trading at the commodity and raw exchanges (further - the exchanges) in the conditions of transition period to the market relations and creates legal guarantees for trade and intermediary activities at the exchanges and the organization of the free wholesale market in Turkmenistan.
The exchange is organizational structure of the wholesale market on which trade is performed by the rules established by the exchange in the form of the public public and electronic auction held in in advance determined place and in certain time.
Exchange meeting - day of the exchange bidding.
Stock exchange transaction (transaction) - the bargain concluded at exchange meeting between intermediaries on its own behalf or at the request of clients.
Forward transactions - transactions of purchase and sale of real goods with the delayed term of its delivery.
Fyyuchersky transactions - transactions of purchase and sale of standard contracts on the transaction financed at the time of the conclusion to the price with execution of delivery through certain period.
Option transactions - transactions of purchase and sale of the rights to future sale and purchase on stated price of goods and contracts.
The quotation of goods prices - identification taking into account the demand and supply of goods prices and their fixation for certain term as reference point for sellers and buyers in case of transactions.
The broker - person performing intermediary services in case of transactions of purchase and sale at the exchange on its own behalf on behalf and at the expense of the client.
The dealer - person performing mediation at the exchange on its own behalf and at own expense. Visitors are the sellers and buyers wishing to make independently transactions of purchase and sale.
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The document ceased to be valid since March 11, 2014 according to the Law of Turkmenistan of March 1, 2014.