Ethiopia - Become a Trading Member in Ethiopian Commodity Exchange

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Procedure

Apply In Person

1. To Become a Trading Member in Ethiopian Commodity Exchange, the applicant has to approach the Ethiopian Commodity Exchange link
2. The applicant has to get the form from the office to Become trading Member in Ethiopian Commodity Exchange.
3. Applicant has to fill-in all the details in the application form.
4. Make sure that the applicant has to attach all the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the form and necessary documents to the officer.
7. All prospective Members/NMDTs and their Authorized Representatives are required to take training on the ECX system and to pass the Certification Examination with a minimum score of 70/100.
8. If the applicant is passed in exam, the commodity exchange officer will review all the documents to give the approval for membership.
9. Once the approval is given by the Ethiopian Commodity Exchange, the applicant will receive the Ordinary Member certificate from the board within a month.
10. Fee for this procedure has to be paid as per the authority request.

Note: Training materials are provided in the form of an information booklet prior to the examination. The booklet is published in Amharic and English. The examination is offered free of charge and can be repeated up to 3 times. The examination can be taken in English or Amharic in written form, as well as orally, upon request.

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Required Documents

• Application form
• Valid Business License,
• Tax Identification Number
• VAT Registration (if any)
• The general manager’s identification card or if the MCA is to be signed by representative,
• The delegation letter.
• Identity card

Office Locations & Contacts

ECX Membership division
Al-Sam Tower 2, 7th floor
Tel: +251 11 5183324/ 0115183327
Fax: +251 11 554 7010
Email: [email protected]
Website link
Contact link

Eligibility

• Any person who intends to Become a trading Member in Ethiopian Commodity Exchange are eligible to make this application.

Fees

• Fee for this procedure has to be paid as per the authority request.

Validity

• The validity for trading membership is for one year.

Documents to Use

Membership Brochure link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time for this procedure is within a one month.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

Required Information

• Name
• Applicant details
• Date of birth
• Examination scored mark
• Email ID
• Sex
• Contact number

Need for the Document

• Trading Members, created to accommodate smaller actors, whose membership seat is limited to one year, to one commodity, and to one position (either buy only or sell only). These kind of member will not have the right to transfer the membership seat for each type of member
• Trading Members are expected to be on one side of the trade either buy or sell and the financial requirement has been designed to fit the current actors.

Information which might help

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Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

LINK

Others

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