Glossary

The definition of the terms

1.1 For the purposes of these Rules of the exchange trading of the commodity exchange “Kyiv Mercantile Exchange” (further – Rules) such terms and their definitions are used:

Автоматизоване робоче місце (АРМ)

Automatic workplace (AW) – a set of software and hardware, which a participant of the trades will use for technical access to software and hardware complex of the Exchange;;

 

Активи

Assets – the commodities of the Exchange, which are subject matters of the Exchange contracts and circulate in the Exchange, financial resources (money);

;

 

Базис поставки (Базис)

Delivery basis (Basis) – a certain place of the delivery of the commodity to fulfil the obligations of the Contract or a place of price formation of the Contract, established in Specification of the commodity of the exchange;

 

Біржа

Exchange – the commodity exchange “Kyiv Mercantile Exchange” (“KME”);

 

Біржова інформація

Exchange information – digital data and other non-confidential statements about process and results of the Exchange trades, as well as informative notifications of the Exchange, processed and systematized using software and hardware and equipment of the Exchange, which are located in the database of the Exchange, which, according to the law, the Exchange has the right to use;

 

Біржова угода

Exchange agreement – an agreement between the participants of the trades about the commodity of the Exchange based on the results of the Exchange trades according to those Rules;

 

Біржове місце

Exchange place – a set of rights of the member of the Exchange, including the right to conduct exchange transactions on the Exchange, which he receives on the basis of paying a capital contribution or entry fee;

 

Біржовий договір

Exchange contract – a contract, that formalizes an exchange agreement;

 

Біржовий інструмент (Інструмент)

Exchange tool (Tool) – the commodity of the Exchange with specified delivery basis taking into account delivery terms, which is allowed to participate in the trades according to the appropriate specification of the commodity of the Exchange;

 

Біржовий збір

Exchange fee – a sum of money, which the participant of the trades pays for the registration of an exchange contract;

 

Біржовий товар (Товар) –

Exchange commodity (Commodity) – anything, which is not removed from the circulation, specified by generic terms, as well as property right, if the other is not envisaged by the law, allowed by the Exchange to the exchange trades;

 

Біржові торги

Exchange trades – organized exchange agreements on the Exchange regarding commodities, allowed to trade on the Exchange according to the law and those Rules;

 

Брокер

Broker – a representative of the member of the Exchange or a brokerage firm, accredited on the Exchange according to those Rules, the responsibility of whom is to implement the orders of the Exchange members (clients of the Exchange members), whom they are presenting regarding trade transactions on the Exchange;

 

Брокерська контора –

Brokerage firm – a legal entity, who rents an Exchange place from the exchange member and conducts trade transactions in his own interests and/or on behalf of the third party (clients);

 

Гарантійне забезпечення –

Margin – money, that is a part of current (settlement) account of the Exchange, bank guarantee, letter of guarantee or other types of security, which are established individually for each section using special internal documents of the Exchange (orders, , regulations etc, which are part and parcel of  the Rules ) by participants of the trades or independent decisions of the Exchange committee taking into account the requirements of the current legislation of Ukraine, which are given to the Exchange by participants of the exchange trades or by their clients for participation in the trades as a guarantee of conclusion of the exchange contract and/or a guarantee of the fulfilment of the obligations according to the contracts, concluded on the basis of the  exchange certificate;

 

Заявка на продаж –

Sale order – a document, which was applied by the participant of the exchange trades according to the rules of the Exchange; that document includes an unconditional commercial offer for selling of the commodity and conclusion of the exchange contract according to the conditions of the filed order in conformity with those Rules;

 

Заявка на купівлю –

Purchase order – a document, which was applied by the participant of the exchange trades according to the rules of the Exchange; that document includes an unconditional commercial offer for the purchase of the commodity and conclusion of the exchange contract according to the conditions of the filed application in conformity with those Rules;

 

Клієнт

Client – a person, on errands of whom the agreements on the trades are concluded by the participants of the trades;

 

Крок ціни –

Step of price – an amount on which the unit price of the exchange goods changes (decreases/increases) during the electronic exchange trades or the exchange trades ”with a voice”;

 

Маклер –

Makler – a person, accredited by the Exchange to conduct the exchange trades ”with a voice” and control the implementation of the Rules during those trades;

 

Маніпулювання

Manipulation – wrongful actions or an impact of the participant of the exchange trades on the price of the exchange commodity for his own benefit or the benefit of the third person, that results in purchasing or selling of that exchange commodity for different prices, comparing to those, which would exist if there were no wrongful actions or impact;

 

Надзвичайна ситуація у діяльності Біржі –

Emergency in functioning of the Exchange – any occasions and/or circumstances, which according to the estimation of the administration of the Exchange can temporarily or for an indefinite period make performance of the Exchange functions according to those Rules impossible or considerably complicate it; such occasions/circumstances include force majeure circumstances and other circumstances, foreseen in the agreements, concluded by the Exchange; any occasions and/or circumstances, estimated by the administration of the Exchange as those, which are or may be dangerous for life and health of workers of the  Exchange, etc;

 

Протокол біржових торгів –

Protocol of the exchange trades – a document, that includes information about quantitative descriptions and cost of selling a certain exchange commodity, which was offered and sold on the exchange trades;

 

Секція

Section – a specialized direction of functioning of the Exchange, as part of which an exchange trading of certain group of exchange commodities is being done;;

 

Технічний збій –

Technical failure – technical and/or technological contravention of a proper functioning of hardware and/or software for organization of the exchange trading while it stays capable of working;

 

Торгова картка

Trade card – a document, which is signed by the participants of the exchange trades and is based on the results of conducting of the exchange trades ”with a voice” and which includes data of the trades, position of the bulletin, quantity, price (of the seller (offer), customer (demand), price of the exchange agreement), registration numbers of the participants of the exchange trades (seller and buyer). Necessity of an issue of the trade card is obligatorily defined by those Rules or other internal documents of the Exchange;

 

Торгова сесія –

Trade session – a period of the trading day, during which the exchange trades of the exchange commodities are conducted;

 

Торгова система Біржі (Торгова система)

Trading system of the Exchange (Trading system) – a set of database, technical, software, telecommunication and other means, which provide a possibility of implementation, storage and processing of information, necessary for conducting the exchange trades, confirmation of facts of concluding exchange operation agreements and controlling their fulfilment;

 

Торговий день –

Trading day – a day, during which the exchange trades of the exchange commodity are conducted on the Exchange according to the Rules;

 

Торговий лот (лот)

Trade lot (lot) – a minimal amount of the Commodity, which the quantity of the commodity, mentioned in the application, has to multiple to;

 

Учасники біржових торгів (учасники торгів)

Participants of the exchange trades (participants of the trades) – members of the Exchange, their clients and brokers and other people, according to the current legislation and the Rules;

 

Ціна попиту –

Demand price – a price, offered by the participant of the exchange trades (buyer) on the exchange commodity during the exchange trades;

 

Ціна пропозиції –

Offer price – a price, from which the exchange trades of the exchange commodity during the trade session start;

 

Ціна біржової угоди –

Price of the exchange agreement – a price, according to which the exchange agreement is concluded and registered on the Exchange.