Exchange auctions

Exchange Trade Rules

The Exchange Trade Rules of the State Commodity and Raw Material Exchange of Turkmenistan are developed in accordance with the Law of Turkmenistan «On Commodity and Raw Material Exchanges and Exchange Trade».

The exchange auctions are organized on the basis of the following principles:

1 Transparency and publicity of carrying out of exchange auctions

2 Freedom of formation of prices at exchange auctions

3 Voluntariness of conclusion of exchange bargains

4 Equality of conditions of participation in exchange auctions for participants of exchange auctions

How to start to participate in exchange auctions?

For participation in exchange trade as the seller or the buyer, natural persons and legal entities of Turkmenistan and foreign states of all forms of ownership purchase a broker site in accordance with the procedure established by the legislation of Turkmenistan. The persons not purchasing a broker site may carry out operations of purchase-and-sale of the goods at exchange auctions by conclusion of a contract for rendering of broker services with the Exchange brokers.

Broker Sire Registration Procedure

For non-residents of Turkmenistan:

1 To undergo a registration procedure in the Department of Financial Monitoring

2 Submit a package of documents:

Letter of appeal to the representative of the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) on registration and purchase of broker place
Power of attorney for a representative (broker) with the original seal and signature of the head of the company
Copy of the general power of attorney (legalized)
Copy of passport of representative (broker) and manager (head) of the company
Fill in the bank details form certified by the original seal and signature of the head of the company
Copy of constituent documents (charter, register.)
One photo of a broker, 3x4cm
Fill out the “commitment” form and certify it with the seal and signature of the head of the company

3 To receive in the Department of Mutual Settlements of SCRMET invoices and to pay

The purchase of a brokerage place for light industry is issued for a period of 1 year and amounts to 5,000 US dollars.
The deposit is 6,000 US dollars.
The purchase of a brokerage place in the oil industry is issued for a period of 1 year and amounts to 10,000 US dollars.
The deposit is 50,000 US dollars.

For residents of Turkmenistan:

1 To undergo a registration procedure in the Department of Financial Monitoring

2 Submit a package of documents:

Copy of constituent documents (charter, register.)
Power of attorney for the representative (broker) with the original seal and signature of the company manager
Copy of the general power of attorney (legalized)
Copy of passport of representative (broker) and the head of the company
Fill in the form of bank details from certified by the original seal and signature of the head of the company
Copy of constituent documents (charter, register.)
One photo of a broker, 3x4 cm
Fill out the “commitment” form and certify it with the seal and signature of the head of the company

3 To receive in the Department of Mutual Settlements of SCRMET invoices and to pay

The grounds for termination of the broker’s activity

Application for closing of a broker sire

Non-payment of annual payment for a broker sire in the established terms

Refusal of payment of annual payment for a broker site

Decision of the Arbitration Commission of the Exchange

Termination or liquidation of the legal entity’s activity

Documents for scanning

Exchange Trade Rules

Broker Contract

Broker site registration procedure

Bank details form

Letter-application addressed to the Chairman

“Commitment” form

Technical characteristics of the goods

Technical characteristics(Archive)

Exchange Trade Rules

The exchange auctions are organized on the basis of the following principles:

How to start to participate in exchange auctions?

Broker Sire Registration Procedure

For non-residents of Turkmenistan:

For residents of Turkmenistan:

The grounds for termination of the broker’s activity

Documents for scanning

Technical characteristics of the goods

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