{"id":25673,"date":"2013-05-17T11:23:11","date_gmt":"2013-05-17T05:53:11","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25673"},"modified":"2024-04-12T14:18:21","modified_gmt":"2024-04-12T08:48:21","slug":"quality-of-assets-and-functions","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/","title":{"rendered":"Quality of Assets and Functions"},"content":{"rendered":"<h1>Quality of Assets and Functions<\/h1>\n<p>Changes in the quality are not an issue in the matters of financial derivatives as there is no physical attribute to weigh. In commodities, the physical features and quality of the goods are of utmost importance. When the asset is specified, it is imperative that the Exchange stipulate the grade (or grades) of the commodity that are acceptable. Commodity derivatives are strict on the standards of quality assurance\/certification procedures. Trading in commodity derivatives also requires quality assurance and certifications from specialized agencies.<\/p>\n<p><span style=\"line-height: 1.714285714; font-size: 1rem;\">The Bureau of Indian Standards (BIS) and AGMARK regulates the standards processed agricultural commodities in India.<\/span><\/p>\n<p><span style=\"line-height: 1.714285714; font-size: 1rem;\">NCDEX specifies \u2018accredited warehouses\u2019 where deliveries of a commodities are delivered, stored and picked up. For the services, warehouses charge a fee for storage, insurance, assaying and handling charges, and\/or incidental charges.<\/span><\/p>\n<p><strong style=\"line-height: 1.714285714; font-size: 1rem;\">Functions of a warehouse<\/strong><\/p>\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assign independent storage spaces as instructed by the Exchange for the commodities. The warehouse must meet the requirements set by the Exchange in order to store the commodities.<\/p>\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supervise and maintain the grading of the commodities undertaken by the warehouse before storage takes place.<\/p>\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Take care that the commodities are stored according to their grade specifications, validity period and facilitate maintenance of identity. If the validity expires on a commodity, it must be separated and stored at another location to avoid being mixed with the valid commodities.<\/p>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/certified-commodity-trader\/\" target=\"_blank\" rel=\"noreferrer noopener\">Back to Tutorial<\/a><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"150\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\" alt=\"certified commodity trader free practice test\" class=\"wp-image-97068\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Quality of Assets and Functions Changes in the quality are not an issue in the matters of financial derivatives as there is no physical attribute to weigh. In commodities, the physical features and quality of the goods are of utmost importance. When the asset is specified, it is imperative that the Exchange stipulate the grade&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3357],"tags":[],"class_list":["post-25673","page","type-page","status-publish","hentry","category-commodity-dealer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quality of Assets and Functions Tutorials<\/title>\n<meta name=\"description\" content=\"Quality of Assets and Functions Tutorials\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quality of Assets and Functions Tutorials\" \/>\n<meta property=\"og:description\" content=\"Quality of Assets and Functions Tutorials\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:48:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/\",\"name\":\"Quality of Assets and Functions Tutorials\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\",\"datePublished\":\"2013-05-17T05:53:11+00:00\",\"dateModified\":\"2024-04-12T08:48:21+00:00\",\"description\":\"Quality of Assets and Functions Tutorials\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Core-Java-Developer-3-2.png\",\"width\":960,\"height\":150,\"caption\":\"certified commodity trader free practice test\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/quality-of-assets-and-functions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Quality of Assets and Functions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - 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