CFD is the short form for Contract For Difference. To put it laymans terms it is basically an agreement between two persons. In this agreement the closing and opening price are exchanged after they have been multiplied by the agreements underlying volume. This form of trading is different from traditional stock trading as there is no physical delivery of the investment. and that is what differentiates it from the traditional stock market trading....more
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Harmonized code or HS Code is an inevitable aspect of the import export trade. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. It is used to describe particular goods in the import export trading platform. The ITC HS Code List or India harmonized code list is regulated and maintained by the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code that has been developed at par with the international coding system to suit the requirements of the international trading community of the country. The code is basically, a unique ID assigned to a particular trading product, which is used by more than 200 countries across the world. DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes in the existing harmonized code list. The authority carries out periodical activities like commodity description, weeding out of defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, which is a collection of such...more
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