StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Commodity Exchange Act - Essay Example

Comments (0) Cite this document
Summary
The Commodity Exchange Act (CEA) is an Act of Congress, amended to the effective date of this chapter, codified at the United States Code, Title 7, Section 1, et seq., and all subsequent amendments, additions or other revisions to that Act, unless the administrator, within 10 days following the effective date of the amendment, addition or revision, disallows its application to this chapter or to any provision of this chapter by rule, regulation or order [1989, c.542, 69 (amd)]"(Title 32:Professions and Occupations, Ch.111-A:Maine Commodity Code(Heading: PL 1987,c.402,Pt.A.@174(rpr) http://janus.state.me.us)1
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
The Commodity Exchange Act
Read TextPreview

Extract of sample "The Commodity Exchange Act"

Download file to see previous pages Any commodity contract offered or sold shall, in the absence of evidence to the contrary, be presumed to be offered or sold for speculation or investment purposes. A commodity contract shall not include any contract or agreement which requires, and under which the purchaser receives, within 28 calendar days from the payment in good funds of any portion of the purchase price, physical delivery of the total amount of each commodity to be purchased under the contract or agreement.[1985,c.643(new).]" (Title 32: Professions and Occupations, Ch.111-A: Maine Commodity Code (Heading: PL 1987, c.402, Pt.A.@174 (rpr)) http://janus.state.me.us)2
The 106th Congress, 2nd Session H.R.5660 was held to reauthorize and amend the CEA to promote legal certainty, enhance competition, and to reduce the systemic risks prevailing in the markets for futures and the so-called over-the-counter derivatives, and others. This bill was called "The Commodity Futures Modernization Act of 2000"
The Act was to:
1. Reauthorize the appropriation for the Commodity Futures Trading Commission
2. Streamline and eliminate unnecessary regulation for the commodity futures exchanges and other entities regulated under the Commodity Exchange Act
3. Transform the role of the Commodity Futures Trading Commission to oversight of the futures markets
4. Provide a statutory and regulatory frame-work for allowing the trading of futures on securities
5. Clarify the jurisdiction of the Commodity Futures Trading Commission over certain retail foreign exchange transactions and bucket shops that may not be otherwise regulated
6. Promote innovation for futures and derivatives and to reduce systemic risk by enhancing legal certainty in the markets for certain futures and derivatives transactions
7. Reduce systemic risk and provide greater stability to markets during times of market disorder by allowing the clearing of transactions in over-the-counter derivatives through appropriately regulated clearing organizations, and
8. Enhance the competitive position of United States financial institutions and financial markets.
(106th Session of Congress, H.R. 5660, Dec.14th 2000, www.cftc.gov)3
3.0 Who's who
Commodity trading advisor
Except as otherwise provided in this paragraph, the term "commodity trading advisor" means any person who:
1. for compensation or profit, engages in the business of advising others, either directly or through publications, writings, or electronic media, as to the value of or the advisability of trading in:
(i) Any contract of sale of a commodity for future delivery made or to be made on or ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Commodity Exchange Act Essay Example | Topics and Well Written Essays - 5000 words”, n.d.)
The Commodity Exchange Act Essay Example | Topics and Well Written Essays - 5000 words. Retrieved from https://studentshare.org/miscellaneous/1501858-the-commodity-exchange-act
(The Commodity Exchange Act Essay Example | Topics and Well Written Essays - 5000 Words)
The Commodity Exchange Act Essay Example | Topics and Well Written Essays - 5000 Words. https://studentshare.org/miscellaneous/1501858-the-commodity-exchange-act.
“The Commodity Exchange Act Essay Example | Topics and Well Written Essays - 5000 Words”, n.d. https://studentshare.org/miscellaneous/1501858-the-commodity-exchange-act.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Commodity Exchange Act

Commodity: Meat

...? Commodity: Meat Contents I.Introduction 3 II.From being a carnivore to herbivore: what could have started vegetarianism, organic and environmentalism movement. 4 III.Organic food vis-a-vis GMO (Genetically Modified Organism) foods 5 IV.The aggravated condition of meat and the birth of fast food 6 V.The politics of fastfood, lowered costs and risks to health and environment 6 VI.Is organic farming a viable and sustainable as an alternative food to meat? 7 VII.Conclusion 8 Bibliography 9 I. Introduction Food is is the most basic need of all human beings because we have to eat first inorder to live. Early civilzations were even formed based on how the need for food can be addressed. From being nomadic, early societies eventually learned...
9 Pages(2250 words)Essay

Commodity Trade

... Commodity Trade Contents: Serial No. Topic Page No Introduction 3 1. Aim of the Study 4 2. Objectives 4 2. China Imports and Exports:An Overview 4 3. China Trade: Grains as the Commodity 6 3.1. Domestic Grain Policy in China 7 3.2. China’s Grain Trade and its Impacts 8 4. International Prices and the Related Issues 9 4.1. Impact of the Price Hikes 10 4.2. China’s Grain Trade and WTO 12 5. Conclusion 13 References 14 List of Tables: Serial No. Topic Page No. Table 1. Increase in prices from January 2007 to their peaks 10 List of Figures: Serial No. Topic Page No. Figure 1. China Imports and its Trends from year 1980-2007 5 Figure 2. China Exports and its Trends from year 1980-2007 5 Figure 3. China net trade of rice, wheat and corn, 1961...
11 Pages(2750 words)Essay

The Securities and Exchange Act of 1933

...?DQ1 The Securities and Exchange Act of 1933 and the Securities and Exchange Act of 1934 were necessary due to the Great Depression and market crash of 1929 commonly referred too as Black Tuesday (Google, 2011). Panic was the environment among investors and poverty was growing in America at an alarming rate. The market needed to provide investors reliability and accountability. The two objectives of the Securities and Exchange Act of 1933 are: 1. Require that investors receive financial and other significant information concerning securities being offered for public sale; and 2. Prohibit deceit, misrepresentations, and other fraud in the sale of securities (Sec, 2011). The following year the Securities and Exchange Act of 1934 was created...
4 Pages(1000 words)Essay

Commodity

...? Oil With the rapid growth of industrialization all around the world, crude oil can be considered as one of the most important elements in this industrial growth. One can very easily say that it is a very hot topic nowadays. Starting from the very common point of demand and supply of oil in the whole world to the price ups and downs, a lot of interesting scenarios comes out. It goes on with some interesting discussions which create a lot of sense in understanding the global market of oil. Supply of oil in international market The basic oil supplying nations of the world comes within the group called OPEC (Organization of the Petroleum Exporting Countries). The most important oil producing nation in the whole world is Saudi Arabia...
3 Pages(750 words)Essay

Commodity fetishism

... of work, changes in class consciousness, the vast impact of new technologies, and various social movements starting with the women’s liberation movement, and then the gay and lesbian campaign, and drives supporting the blacks, ecology and world peace (Selden & Widdowson, 1993). Marx’s theory of alienation is found in the economic and philosophical manuscripts of 1844, and forms the starting point for the ideology critique of the film Pulp Fiction. Karl Marx’s theory of alienation is related to commodity fetishism. The conditions of life, labour or exploitation, the states of mind, the emotions or frustration of those involved in the production of commodities, remain unknown to individuals during the market exchange of objects: money...
6 Pages(1500 words)Essay

Commodity chain

... Commodity Chain I constantly use a mug at least three times a day while taking coffee as my favorite drink. The mug was manufactured in Taiwan by Wei Mon industry co., Ltd (Media Federal, 2011) and is found in plastic and ceramic form, my favorite is the plastic form that I constantly use. The mug is made of only plastic with decorations engraved all around to make it more presentable and attractive. The use of plastic as raw materials could have been settled at due to the widely available forms of plastics in the market today. The raw materials could have been sourced from mainland Taiwan having polyethylene related industries from which the mug was made. The high density polythene is constantly recycled, where other products that have...
2 Pages(500 words)Essay

Commodity chain

... The Commodity Chain of a Reusable Grocery Bag One of the efforts of the grocery stores to improve our environment is to replace the traditional plastic bags with reusable grocery bags. The traditional grocery bags are composed of plastics and are made from high-density polyethylene (HDPE) which requires tremendous amount of energy to produce and are harmful to environment. Reusable grocery bags can be made from several materials that includes biodegradable bags made from a starch-polyester (biopolymer) blend "Bags for life” made from low-density polyethylene (LDPE), heavier, more durable bags, often with stiffening inserts made from non-woven polypropylene (PP) and cotton bags (The Green Supply Chain Editorial Staff, 2011). Among...
2 Pages(500 words)Essay

Commodity

... Milk Performance in the Market 2007 Milk, together with the dairy product that is produced from it, is a source of food for a large number of people in the world. Milk from numerous animals, especially cows, has for a long time been considered a regular stable food for many cultures worldwide. It provides dairy products such as yogurt, cheese, kefir, and butter, and is a source of vitamin D, proteins, and calcium. However, not many people have wondered how it performs in the markets before it reaches to the consumer. This newsletter will look at its performance in the markets from 2007 to 2012, and will examine its inflation rate, rates of change, as well as its MCSI commodity index (Catlette & Hadden, 261) Since 2007, according to Park...
2 Pages(500 words)Essay

Commodity chains

... A Commodity Chain Analysis of a Pair of Shoes Introduction The twenty first century has been characterized by scintillating shoe trends, which have become a vital element in an individual’s lifestyle. The manufacturing of shoes is not a simple procedure and thus requires the integration of products from many parts of the world. Therefore, the shoes that we wear are from many parts of the globe. Many companies including Nike and Adidas have made riches from the production of shoes, which are sold all over the world. In the contemporary world, the various steps of a commodity chain have been improved by significant changes in the factors of production, industrial linkages and distribution. Production and demand of shoes by consumers...
5 Pages(1250 words)Essay

Commodity Chains

... sales. Figure 3: Diamond deposits. Reflection For centuries, diamonds have symbolised love and eternity. I feel very sad when see people exchange vows and have diamond rings in their fingers and I remember that a person’s life was lost for the diamond to be produced. When I see a diamond on the shelves, what comes to my mind are thousands of displaced people in Africa. Due to globalization, international trade has tremendously improved and foreign investment. There has been intensified cross-border movement of products and services. In this case, the diamonds from Angola is able to find market in European nations. Diamonds are very costly. As a result of the children’s labor and forced labor of adults, the diamonds are produced to serve...
5 Pages(1250 words)Essay

Currency Exchange as a Key Instrument of International Commerce

The globalization movement created a greater need to determine the equivalent valuation of monetary units also referred to as the exchange rate in order to execute a trade of goods among nations. Currency exchange is the trade value of one unit of currency into another currency which is required to facilitate the trade of goods and services among nations. For example, as of January 9, 2008, the currency exchange market value of one Euro was 1.47 US dollars (Yahoo, 2008). The exchange is a market mechanism that is very instrumental in the monetary policy of the nation. Both the developing nations and a developed nation must instill a sound monetary unit strategy to create a stable currency that is both liquid and valuable in the ma...
10 Pages(2500 words)Term Paper

Different Models of Exchange Rate Determination and Their Empirical Support

Specifically, some of the discussed models of exchange rate determination are the balance of payment approach model, the monetarist or asset approach model, and the martingale-random walk model. Moreover, the paper will also integrate the experiential observations and examples during the paper, in order to understand the practicality of these models.

Under the balance of payment approach, the domestic cost of foreign currency is established like the cost of any other article of trade. In other words, the market demand and supply curvatures are intersected in the exchange market for that particular foreign currency. The modeling of the abovementioned approach related to the demand and supply for foreign exchange is quite...
13 Pages(3250 words)Term Paper

Consumer Credit Act 2006

The key provisions are set to be implemented by October 2008 and the focus of this analysis is to critically evaluate the impact of the Act vis-à-vis consumer protection. Consumer Minister Ian Macartney asserted that “The Consumer Credit Act beefs up protection for borrowers, especially those with debt problems. It helps them challenge unfairness and protects them from dishonest lenders who try to rip them off. Our aim is a market that protects all consumers and is fair to honest lenders, leaving those without scruples nowhere to hide”. Whilst this meritorious objective of the Act is unequivocal, it is submitted at the outset that the efficacy of the provisions will inherently be reliant on proactive enforcement...
15 Pages(3750 words)Assignment

The Act of Storing Food and Making Food

When corn was first discovered, people fell in love with how available it was, and how simple it was to just pick, husk, and eat. They were also pleased that they could store it and use it as needed when they needed to. It was a perfect grain for traveling pilgrims during those times. Without humans, corn could not survive, as it needed to be husked to drop its seeds.
In chapter two, it is learned how important the workings of a farm are to food production. Everything from the soil that plants and grains are grown in, to the machines used to produce items for cooking play huge roles in the larger scheme of things. Even the grain that is fed to the animals has to be the best kind, to produce the best meat for sale. Everything...
14 Pages(3500 words)Literature review

The Sale of Goods Act

The goods purchased in contracts should be of satisfactory quality as established by Section 14(2) of the Sale of Goods Act. However, this statutory requirement is applied to goods sold in the normal course of the business. In addition, goods supplied in contracts should have satisfactory quality and should be reasonably fit for the purpose for which the buyer had bought them.
Goods supplied must conform to their original description made at the time of entering into the contract. These requirements benefit the buyer and the supplier will be held liable if these requirements are breached. Essentially, the Sale of Goods Act ensures that the goods supplied must be of satisfactory quality and this requirement applies to the sale...
11 Pages(2750 words)Case Study

The Federal-Aid Highway Act of 1956

Neither did this act increase the federal share to be borne of the expenses of the construction nor did it provide special funding for the project. The states had already completed about 6,500 miles of the allocated improvements when President Dwight D. Eisenhower took office in January 1953. For a period two years from 1954 to 1956, the congress had faced failure on several occasions in passing a national highway bill which would provide means to fund the interstate system. The focus was on the issue of how the expenses would be shared between the federal government and the states. Eisenhower having been in the army knew the importance of constructing well-designed roads to national security. In his address delivered in the State...
15 Pages(3750 words)Report

The British Constitution vs The Human Rights Act 1998

This research essay analyses the above statement and arrives at a conclusion.
Integration of the provisions of ECHR into U.K’s domestic law by way of HRA 1998 can be regarded as revolutionary as it facilitates the majority of the ECHR rights provisions directly applicable in the U.K. Before that integration, a U.K Court has to presume that when there is a clash between U.K’s domestic law and ECHR rights provision, the ECHR rights provision will always prevail. This principle has been laid down in R v Secretary of Home Dept ex parte Brind1 and R v Secretary of Home Dept ex parte Thakrar. 2
Courts have now the power to declare any statue which they find incompatible with ECHR provisions and order for fine-tunin...
9 Pages(2250 words)Case Study

Analysis of Offences Against the Person Act

She suffered sleeplessness and panic attacks after this and was diagnosed with reactive depression. She told her brother, Ian, who saw Boris in the local pub and threw his beer glass into Boris’s face. The glass broke and Boris lost the sight in one eye as a result. Explain what non-fatal offences may have been committed here. It is also necessary to consider the Sexual Offences Act 2003 as the act of the hypnotist could be regarded as a sexual1.

The most minor assault is common assault as described by s39 Criminal Justice Act 1988. Under s39 an assault is committed if a person assaults another or commits a battery. An assault has been defined as when a person intentionally or recklessly causes another to app...
6 Pages(1500 words)Case Study

The Treason Act of 1351

...The ability and responsibility to promote human rights rests on everyone’s shoulders; but what is acceptable behavior in attempting to prevent a terrible act from occurring, and what is rightfully considered treason? And in terms of ruling courts of law, who should decide what is and is not acceptable? The Treason Act of 1351 was originally written in Norman French, and has gone through several revisions. The Fifth Statute defines treason in the following manner: “II. ITEM, Whereas divers Opinions have been before this Time in what Case Treason shall be said, and in what not;1 the King, at the Request of the Lords and of the Commons, hath made a Declaration in the Manner as hereafter followeth, that is to say; When a Man doth compass...
6 Pages(1500 words)Essay

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Commodity Exchange Act for FREE!

Contact Us