TERMS & CONDITIONS

By visiting this web site, you are agreeing to be bound by the following terms and conditions. Edelweiss reserves its right to change these terms and conditions at any time. By using this web site or any utility in this web site directly or indirectly you agree to abide by all terms and conditions mentioned herein and / or any changes thereto. If you do not agree to any of the terms mentioned herein, you should exit the web site immediately.

1) Registration / Enrolment and Termination:

By registering for this facility, you understand that Edelweiss Comtrade Limited and its holding company, group companies and associates (hereinafter singly and jointly referred to as "Edelweiss") reserves the right, in its sole discretion, to deny you access to this website or any portion thereof without notice for the following reasons (a) any unauthorized access or use by you (b) if you assign or transfer (or attempt the same) any rights granted to you under this User Agreement or any other agreement that you may have entered with Edelweiss; (c) if you violate any of the other terms and conditions of this User Agreement. Termination or cancellation of this Agreement shall not affect any right or relief to which Edelweiss may be entitled, at law or in equity. Upon termination of this User Agreement, all rights granted to you will terminate and revert to Edelweiss.

2) License

Edelweiss hereby grants you a limited, non-exclusive, non-assignable and non-transferable license to access https://commodities.edelweiss.in , provided and expressly conditioned upon your agreement that all such access and use shall be governed by all of the terms and conditions set forth in this user agreement.

3) Proprietary Rights, Copyrights & no re-transmission of information

All rights, title and interest in this web site and any content as well as the design and information contained in this site is the exclusive property of Edelweiss except as otherwise stated. Edelweiss is the sole owner of all the intellectual property including all rights in trademarks, marks, logos, symbols, copyright works, reports, diagrams, patents, designs created or held in this web site etc. including but not limited to the domain names, the source codes, the database etc. Nothing in this Agreement shall be construed as transferring or assigning any such ownership rights to you or any other person or entity. The content of the website cannot be amended, copied, reproduced, replicated, republished, uploaded, posted, published, transmitted, displayed or distributed for any commercial use without obtaining prior written permission from Edelweiss. You shall not perform, license, frame, create derivative works from, or otherwise use in any other way for commercial or public purposes in whole or in part any information, reports & formats thereof, presentations of reports, software, products or services obtained from this web site, except for the purposes expressly provided herein, without Edelweiss' prior written approval. You shall not resell, reproduce, redistribute, broadcast or transfer the information or use the information in a searchable, machine-readable database unless separately and specifically authorized in writing by Edelweiss prior to such use. You may not rent, lease, sublicense, distribute, transfer, copy, reproduce, publicly display, publish, adapt, store or time-share https://commodities.edelweiss.in or any part or format thereof, or any of the information received or accessed therefrom to or through any other person or entity unless separately and specifically authorized in writing by Edelweiss prior to such use. In addition, you shall not remove, alter or obscure any copyright, legal or proprietary notices in or on any portions of https://commodities.edelweiss.in without prior written authorization except as set forth herein, any other use of the information contained in this site requires the prior written consent of Edelweiss and the Edelweiss's logo referenced herein is trademark of Edelweiss. The names of other companies and third-party products or services mentioned herein may be the trademarks or service marks of their respective owners. You are prohibited from using any marks for any purpose including, but not limited to use as meta-tags on other pages or sites on the World Wide Web without the written approval of Edelweiss or such third party, which may own the marks. The users of the web sites have no right to use the Intellectual Property in any manner whatsoever except to the extent expressly permitted by Edelweiss. The users of the web site agree to treat as confidential and privileged all information supplied or received and will not divulge or disclose the same to any third party, except to those authorised by Edelweiss in writing. The users further agree not to use any such information to the detriment to Edelweiss or any other entity in any way whatsoever, at any time. The users agree not to make copies of any confidential information or any part thereof except for their personal consumption within the terms of this agreement. Edelweiss reserves the right to discontinue this facility to users who violate the proprietary rights. In addition, in case of any act in actual or intentional breach of these terms, directly or indirectly, by any means or modes, you will be liable for actual and punitive damages as determined by Edelweiss and additional damages to be determined by an Indian court of Law.

4) Security

Unauthorized use of this web site and systems, including, but not limited to, unauthorized entry into Edelweiss's systems, online accounts, misuse of passwords or misuse of any other information, is strictly prohibited. You shall not use this web site in any manner that could damage, disable, overburden, or impair this website or service or interfere with any other party's use and enjoyment of this website or service. You shall not attempt to gain unauthorized access to any of our site or service and computer systems or networks connected to it, through hacking or any illegal means. You agree that you shall not engage in any activities related to this web site that are contrary to the applicable laws or regulations in force. The users have the primary responsibility to keep their login-ids and passwords secure and to not display such crucial, important information to any third person. In case of any such leak of login-id & password, Edelweiss shall not be responsible for the loss of such information, or for any act, omission, damages, claims, loss of personal information, etc. arising from the use of such leakage of login-ids and passwords. Edelweiss may, at its own discretion, use certain technology on its web sites to collect information from visitors and may compile aggregate statistical information about how visitors use its web sites, including information relating to the frequency of visits, the average length of visits, which pages are viewed during a visit, etc. No individually identifiable information is collected for this purpose and Edelweiss does not monitor individual visitor behaviour.

5) Service Delays

Edelweiss reserves its right, in its sole discretion, without any obligation and without any notice requirement, to change, improve or correct the information, materials and descriptions on this web site and to suspend and/or deny access to this web site for scheduled or unscheduled maintenance, upgrades, improvements or corrections. Edelweiss may discontinue or change any service described in or offered on this web site or in any modules or parts thereof at any time if deems fit and proper. Edelweiss (including its and their directors, employees, affiliates, agents, representatives or sub-contractors) shall not be liable for any loss or liability resulting, directly or indirectly, from delays or interruptions due to electronic or mechanical equipment failures, telephone interconnect problems, defects, weather, strikes, walkouts, fire, riots, armed conflicts, acts of war, or other like causes. Edelweiss shall have no responsibility to provide you access to https://commodities.edelweiss.in while interruption of https://commodities.edelweiss.in is due to any such cause shall continue.

6) Products offered on the Website

With respect to the data from Commodity Markets and the products made available on the Website by Edelweiss YOU HEREBY AGREE THAT:

  • You have read and understood the contents of this agreement and agree to abide by the terms, conditions, rules and regulations of this agreement applicable from time to time.
  • You confirm that in the event you are Non-Resident of Indian Nationality / Origin you have obtained requisite statutory approvals in terms various Acts, Rules, Regulations and Guidelines including but not limited to approvals under FEMA, FIPB, RBI etc. You further confirm that funds are remitted from abroad through approved banking channels or from the NRE / NRO / FCNR Account.
  • You confirm that the details provided by you are true and correct.
  • You hereby declare that the amount being invested by you or payments made by you are derived through legitimate sources and are not held or designed for the purpose of contravention of any Act, Rules, Regulations or any statute or legislation or any other applicable laws or any Notifications, Directions issued by any governmental, any regulatory or statutory authorities from time to time

7) Liability Disclaimer

YOU EXPRESSLY AGREE THAT THE USE OF THE WEB SITE IS AT YOUR SOLE RISK. The information and materials on this web site may contain typographical errors or inaccuracies. Any dated information is published as of its date, and Edelweiss does not undertake any obligation or responsibility to update or amend any such information. The information, products and services on this web site are provided on an "AS IS, WITH ALL FAULTS", "WHERE IS" and "WHERE AVAILABLE" basis. Edelweiss does not warrant the information or services provided herein or your use of this website generally, either expressly or impliedly, for any particular purpose and expressly disclaims any implied warranties, including but not limited to, warranties of title, non-infringement, merchantability or fitness for a particular purpose. Edelweiss will not be responsible for any loss or damage that could result from interception by third parties of any information or services made available to you on this web site. Edelweiss cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither Edelweiss, nor any of its affiliates, directors, officers or employees, nor any third party vendor, or associates, groups or Partners or Authorised Person, will be liable or have any responsibility of any kind for any loss or damage or compensation that you may incur in the event of any failure or interruption of this web site, or resulting from any act or omission of any other party involved in making this web site, the data contained herein or the products or services offered on this web site available to you, or from any other causes relating to your access to, inability to access, or use of the web site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Edelweiss or of any vendor providing software or services. Under this User Agreement, you assume all risk of errors and/or omissions in https://commodities.edelweiss.in , including the transmission or translation of information.

You assume full responsibility for implementing sufficient procedures and checks to satisfy your requirements for the accuracy and suitability of https://commodities.edelweiss.in , including the information, and for maintaining any means, which you may require for the reconstruction of lost data or subsequent manipulations or analyses of the information under the User Agreement. YOU AGREE THAT, Edelweiss (Including its and their officers, directors, employees, affiliates, group companies, agents, representatives or subcontractors) shall not be, in any event, be liable, whether in contract or tort, for any direct, special, indirect, consequential or incidental damages and / or other damages of any kind arising out of the use or inability to use https://commodities.edelweiss.in for any purpose whatsoever even if Edelweiss or any other such party has been advised of the possibility thereof. Edelweiss and its affiliates, officers, directors, employees and agents shall have no liability in tort, contract, or otherwise to user and/or any third party.

This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user's equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure. Edelweiss cannot and does not guarantee continuous, uninterrupted or secure access to this web site.

8) Links to third party sites

he links in this site will allow you to leave https://commodities.edelweiss.in . The linked sites are not under the control of Edelweiss and Edelweiss has not reviewed, nor approved these sites and is not responsible for the contents or omissions of any linked site or any links contained in a linked site. The inclusion of any linked site does not imply endorsement by Edelweiss of the site.

9) Indemnification

YOU SHALL INDEMNIFY, DEFEND AND HOLD HARMLESS EDELWEISS (including its and their officers, directors, employees, affiliates, group companies, agents, representatives or subcontractors) from any and all claims and losses imposed on, incurred by or asserted as a result of or related to: (a) your access and use https://commodities.edelweiss.in (b) any non-compliance by user with the terms and conditions hereof; or (c) any third party actions related to users receipt and use of the information, whether authorized or unauthorized. Any clause declared invalid shall be deemed severable and not affect the validity or enforceability of the remainder. These terms may only be amended in writing signed by Edelweiss. If Edelweiss takes action (by itself or through its associate companies) to enforce any of the provisions of this User Agreement, including collection of any amounts due hereunder, Edelweiss shall be entitled to recover from you (and you agree to pay), in addition to all sums to which it is entitled or any other relief, at law or in equity, reasonable and necessary attorney's fees and any costs of any litigation.

10) Entire Agreement

This User Agreement constitutes the entire agreement between the parties, and is inclusive of any other written agreement existing between you and Edelweiss. By using the information, services tools etc. on https://commodities.edelweiss.in , you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you. Edelweiss and / or https://commodities.edelweiss.in does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse in any way, the views, opinions or recommendations expressed in the Information, does not give investment advice, and does not advocate the purchase or sale of any - commodity or investment by you or any other individual/entity. The information is not intended to provide tax, legal or investment advice, which you should obtain from your professional advisor prior to making any investment of the type discussed in the Information. The information does not constitute a solicitation by the information providers, https://commodities.edelweiss.in or any other party for the purchase or sale of commodities.

THE SERVICE IS PROVIDED "AS IS," WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTY FOR INFORMATION, DATA, SERVICES, UNINTERRUPTED ACCESS, PROVIDED THROUGH OR IN CONNECTION WITH THE SERVICE. SPECIFICALLY, EDELWEISS and / or https://commodities.edelweiss.in DISCLAIMS ANY AND ALL WARRANTIES, INCLUDING, BUT NOT LIMITED TO: (i) ANY WARRANTIES CONCERNING THE AVAILABILITY, ACCURACY, USEFULNESS, OR CONTENT OF INFORMATION, PRODUCTS OR SERVICES; AND (ii) ANY WARRANTIES OF TITLE, WARRANTY OF NON-INFRINGEMENT, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THIS DISCLAIMER OF LIABILITY APPLIES TO ANY DAMAGES OR INJURY CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF RECORD, WHETHER FOR BREACH OF CONTRACT, TORT, NEGLIGENCE, OR UNDER ANY OTHER CAUSE OF ACTION. NEITHER EDELWEISS NOR ANY OF ITS EMPLOYEES, AGENTS, SUCCESSORS, ASSIGNS, AFFILIATES, GROUP COMPANIES OR CONTENT OR SERVICE PROVIDERS SHALL BE LIABLE TO YOU OR OTHER THIRD PARTY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF USE OF SERVICE OR INABILITY TO GAIN ACCESS TO OR USE THE SERVICE OR OUT OF ANY BREACH OF ANY WARRANTY. BECAUSE SOME COUNTRIES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IN SUCH COUNTRIES, THE RESPECTIVE LIABILITY OF EDELWEISS , ITS EMPLOYEES, AGENTS, SUCCESSORS, ASSIGNS, AFFILIATES, GROUP COMPANIES AND CONTENT OR SERVICE PROVIDERS’ RESPECTIVE LIABILITY IS LIMITED TO THE AMOUNT PROVIDED UNDER SAID LAW. FURTHER, YOU AGREE AND UNDERSTAND THAT ALL SERVICES PROVIDED ARE NON-REFUNDABLE AND THAT YOU SHOULD CAREFULLY CONSIDER WHETHER OUR SERVICES ARE ABLE TO MEET YOUR NEEDS. Transactions between user of this site and Edelweiss shall be governed by and construed in accordance with the applicable regulations and laws of India, without regard to the laws regarding conflicts of law. Any litigation regarding this agreement or any transaction between customer and Edelweiss or any action at law or in equity arising out of or relating to this agreement or transactions shall be filed only in the Competent Courts of Mumbai and the customer hereby acknowledges, agrees, consents and submits to the jurisdiction of such courts for the purpose of litigating any such action.

11) Jurisdiction

The terms of this agreement are exclusively based on and subject to Indian law. You hereby consent to the exclusive jurisdiction and venue of courts in Mumbai, Maharashtra, India in all disputes arising out of or relating to the use of this website. Use of this website is unauthorized in any jurisdiction that does not give effect to all provisions of these terms and conditions, including without limitation this paragraph

12) EDELWEISS COMTRADE LTD - Risk Policy

Risk Process & Alerts

  • Clients will be alerted at specific levels on margin sufficiency. If the client is not able to provide sufficient margin to hold the position, then all the open positions will be squared off without taking the consent of the client.
  • M-to-M debit arising out of any transaction executed by the client has to be cleared by the client within 1 day from the date of M-to-M debit arising, either by giving adequate funds or by selling off his collaterals failing which client’s collateral will be squared off on second day.

Contracts & Expiry specification

  • Delivery based product is not available at this point of time.
  • Fresh position in the near term expiry contracts will be blocked 5 days prior to the expiry date.
  • All Open positions will be squared off on E-1 day where E day is Expiry day, except for open positions in Gold and Silver, which will be squared off on D-1 day where D day is start of Delivery / Tender period.
  • Edelweiss reserves the right to block trading in certain contracts across products. This blocking will be done taking into account market volatility, contract specific action/ FMC and Exchange circulars & regulations / compliance guidelines / any other exceptional market conditions or regulatory authority regulating the commodity market.
  • Edelweiss reserves the right to withdraw any product and change margins at its discretion based on contract specific action / FMC and exchange circulars & regulations / compliance guidelines / any other exceptional market conditions or regulatory authority regulating the commodity market.

Limits & Margins

  • Limits are only provided on clear cash fund + collateral post hair cut.
  • Collateral amount is subject to change as per the approved list of securities of Edelweiss and applicable hair cut.

13) EDELWEISS COMTRADE LTD - POLICY FOR INACTIVE / DORMANT ACCOUNT

  • A trading account which is inoperative for 6 (Six) months would be termed as “ "Dormant" trading account. However any trade emanating from such trading accounts pursuant to the same being classified as "Dormant" trading account would be subject to necessary due diligences and confirmations (by email/SMS or any other mode) as Edelweiss Comtrade Ltd. (Edelweiss) may deem fit.
  • An account in which either client has logged in or effected any payin/payout initiated by him/Trading member or done any on/off market DP transaction or placed any trade would be construed as an operative account for the purpose of this policy
  • In case of old dormant accounts, Edelweiss identifies such trading accounts that are inoperative for a minimum period of 24 (Twentyfour) months. Accordingly, such trading accounts are made “inactive” in the Trading System and an email/letter/SMS or by way of any other mode the client is informed about the status of his trading account with us.
  • In case of clients who have credit balance and who are flagged as Dormant, the funds/ securities of such clients are duly flushed out during monthly/quarterly payout of funds and securities.
  • For re-activation of such trading account, the client shall be required to make a request to reopen the account and submit all necessary information with regard to updation of his / their KYC requirement. Edelweiss upon verifying at its end may activate client’s trading code in the Trading System and an email/letter/SMS or by way of any other mode the client is informed about the status of his trading account. Upon re-activation the Trading member may execute the order on behalf of its client.

14) Edelweiss Comtrade Limited - Individual client registration kit (KYC document).

15) Edelweiss Comtrade Limited - Non Individual client registration kit (KYC document).