The exchange, it's status, aims and goals

The international universal exchange of protected trade of economic resources (hereinafter referred to as the exchange) is the large-scale project of the IUCI directed to the creation and support of functioning of the organized and stable international market of economic resources, providing organizational and legal guarantees of the adequate performance of obligations of participants of commercial transactions.

The exchange is the official structural division (and the structural part) of the IUCI, working on the basis of the Charter of the IUCI and the Charter of the Exchange. This division is responsible for holding of activities concerning the formation and support of functioning of the organized and stable international market of economic resources, providing organizational and legal guarantees of proper performance of obligations of participants of commercial transactions.

The exchange is the official representative of the union in powers, officially delegated to it from the volume of competence of the IUCI and fixed in the Charter of the Exchange.

All its legally significant actions the Exchange performs on the behalf of the IUCI, in the interests of the IUCI, its contractors and partners.

Main functions of the Exchange:

  • providing of market space for participation in the auctions;
  • organization of the exchange auctions;
  • fixation of internal trading traditions;
  • establishment of standards for goods, allowed to be bought-sold on the exchange;
  • development of typical contracts;
  • quotation of prices (lots/positions);
  • settlement of internal disputes;
  • informational activity;
  • organization (through the system of electronic banking) of the internal financial turnover, emission and support of virtual inter-system currency unit; crediting participants of exchange activities with funds, necessary for taking part in the exchange auctions and refunding of costs of designing of business contracts;
  • admission of owners of various economic resources, able to take part in auctions or support and accompany transactions in any other way to take part in the exchange activities;
  • establishment and realization of standards and mechanisms of ensuring the execution of commercial obligations by parties of trading contracts;
  • protection of interests of participants of auctions with the priority of the all-round protection of rights and legal interests of honest participants of commercial relations and contracts.

The international universal exchange of protected trade of economic resources does not support the mode of speculating operations with economic resources and, therefore, does not allow future auctions.

Unlike the majority of the well-known exchanges, this project's main goal and function of the exchange is not in the organization of international trade, but the ensuring of legal guarantees of full, timely and all-round execution of obligations on concluded agreements.

The exchange is open to cooperation with other training organizations, as well as the arbitration structures concerning the development of mutual commercial and rights-protection projects.

The form of functioning of the exchange: electronic-interactive methodology of functioning of the exchange on the special website (portal) of the IUCI.

 

If you would like to become an individual member of the IUCI Congress of Business Elites or make your organization an associated member of the IUCI, please fill in the membership application. The Secretariat will provide the membership form attached to the reply.

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