Proposed market framework
These principles are a consultation outline, not binding trading rules. The exchange is not an operating or regulated trading venue.
Quality and delivery
Contracts should define tolerances, sampling, independent inspection, delivery terms, title transfer, and rejection rights.
Settlement and custody
Warehouse receipts and escrow require legally enforceable contracts, licensed providers where required, and controls against double pledging.
Disputes and participant review
A future framework must define identity checks, sanctions screening, conflicts of interest, complaints, and an agreed dispute forum.