|
|
|
|
|
 |
|
|
|
|
|
How to Start |
|
CEC Q&A |
|
Application Form |
|
|
 |
|
|
|
Q1 : What is“Yieh.com - Coil Exchange Center” (CEC)? |
|
A : Yieh.com – Coil Exchange Center” is the
first stainless steel futures market in the world. It is an on-line transaction
center to let both buyers and sellers confirm their transactions instantly. To
check the details of CEC rules, please click here. |
|
Q2 : When do I need “Yieh.com - Coil Exchange
Center”? |
A : (1) When you need a firm, fair, and
efficient business transaction, “Yieh.com - Coil Exchange Center” provides you a
good alternative to replace the traditional business transactions, which are
time consuming, un-secure, and full of uncertainty. The buying with bid price or
the selling with asked price in CEC, your transaction will be firm immediately.
There will be no more worry about market price being changing or contract being
not performed.
(2) When you need to hedge, to perform your risk management from the fluctuating
coil prices if you have too many coils in your inventory or too few coils to
fulfill client's orders, CEC is the only stainless steel coils futures market in
the world to provide you an open, efficient, secure and on-line transaction
center.
(3) When you expect the coils' prices will change significantly, CEC is the only
on-line transaction center in the world to let you take or short the position of
coils without physical delivery if your transaction were offset before the
prompt month. |
|
Q3 : What would be the solid benefit for the coils
industry from “Yieh.com – Coils Exchange Center” where its transactions are
firm, fair, and efficient? |
|
A : The traditional transaction is full of
uncertainty due to the lack of fair pricing system, transaction efficiency, and
firm performance, which make the whole industry under the circumstances of
higher inventory level, more distributors and longer lead time, but less
turnover for both buyers and sellers. Hence, Yieh.com's 1% commission would save
the whole industry 10 times costs and more in transaction and distribution. |
|
Q4 : Why do“Yieh.com – Coils Exchange Center” not
allow the transaction offering during the prompt month as other futures markets
do? |
|
A : CEC is oriented to the purposes of both
industrial and financial sectors, different from most of the financial oriented
futures markets. CEC is the only futures market to allow the buyers paying by
issuing L/C with physical-delivery, which is a very critical term for most of
the buyers. CEC is also the only futures market to let the sellers know the
final destination in advance and ship the cargos to the closer destination
directly. In order to let the members be assisted and be influential to CEC with
physical-delivery, the prompt moth is only for time being of cargos preparation
and delivery, not for transaction offering. |
|
Q5 : How can I be a member of and transact in
“Yieh.com – Coils Exchange Center”?
|
|
A : It is easy to be a member of and to
transact in CEC by following 4 steps, (1) Apply to be a member and T/T deposit
the necessary margin. (2) Post your offers. (3) Check your settlements,
contracts and other information. (4) Perform your contracts if your settlements
were not offset. To check other details, please click here. |
|
Q6 : How can I hedge my risks of coils-business
through “Yieh.com – Coils Exchange Center”? |
A : There are 4 major steps to hedge:
(1) Calculate your physical position* of coils.
* (Position = Inventory + Confirmed Purchase – Confirmed Sales Contract)
(2) Sell your long (positive) positions or buy your short (negative) positions
in CEC futures (future prompt date, e.g. 3 months from now).
(3) If your physical positions were no longer existed, you need to offset your
CEC positions.
(4) If the prompt month is coming first, you need to renew (offset the original
settlements and resettle the positions of longer prompt date) and keep your CEC
positions to (3).
|
|
Q7 : How it will be if my demands (destination ports,
products, sizes, spec. etc.) are different from “Yieh.com – Coils Exchange
Center” provided? |
|
A : Considering the transaction volume makes
efficient market; therefore, CEC only provides the products/terms what fit to
the majority of the market demand so far. However, all of your demands
difference from our CEC provided, we will do our best to help you to settle your
demands or exchange your CEC contracts to the products/terms you want in very
close prices. We are also planning to diversify CEC transaction targets upon the
transaction volume increasing in the near future, to fit more members' exact
demand. |
|
Q8 : Can we be sure to get the material being
contracted? |
A : All of transactions need to deposit US$
6,000 per container in advance. Plus our experienced service and huge turnover,
the members have very rare chance not getting the contracted material. If even
so, you will have the compensation of US$ 6,000 per container at least.
|
|
|
|
|
|
 |
| No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan,
82445 R.O.C. │ Tel : +886-7-615-1000 │ Fax : +886-7-615-3000 |
|
Copyright (c) 2012 Yieh Corp.. Al l rights reserved Skype to
us |Privacy Policy | E-mail:
ec@yieh.com
|
|
|
|