Terminal market: Difference between revisions
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Hub and spoke model of terminal market |
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A '''terminal market''' is a central site, often in a [[metropolitan area]], that serves as an assembly |
A '''terminal market''' is a central site, often in a [[metropolitan area]], that serves as an assembly |
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and trading place for [[commodities]]. Terminal markets for [[agriculture|agricultural]] commodities are usually at or near major [[transportation hub]]s.<ref>{{CRS|article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition|url = http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach}}</ref> |
and trading place for [[commodities]]. Terminal markets for [[agriculture|agricultural]] commodities are usually at or near major [[transportation hub]]s.<ref>{{CRS|article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition|url = http://ncseonline.org/nle/crsreports/05jun/97-905.pdf|author= Jasper Womach}}</ref> One of the models of Terminal Market is Hub-and-Spoke model wherein Terminal Market is the hub which is to be linked to number of collection centres -the spokes.(reference: www.agricoop.nic.in/rabi06/JS(MKTG).ppt) |
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The term is also used for markets in other commodities such as [[metal]]s and [[bullion]].<ref>{{cite web|url=http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&id=HMCE_CL_000198#P201_23753 |title=HMRC Notice 701/9 (March 2002) Derivatives and terminal markets|date=March 2002}}</ref> |
The term is also used for markets in other commodities such as [[metal]]s and [[bullion]].<ref>{{cite web|url=http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&id=HMCE_CL_000198#P201_23753 |title=HMRC Notice 701/9 (March 2002) Derivatives and terminal markets|date=March 2002}}</ref> |
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Revision as of 16:50, 22 August 2010
A terminal market is a central site, often in a metropolitan area, that serves as an assembly and trading place for commodities. Terminal markets for agricultural commodities are usually at or near major transportation hubs.[1] One of the models of Terminal Market is Hub-and-Spoke model wherein Terminal Market is the hub which is to be linked to number of collection centres -the spokes.(reference: www.agricoop.nic.in/rabi06/JS(MKTG).ppt)
The term is also used for markets in other commodities such as metals and bullion.[2]
References
- ^
This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.
- ^ "HMRC Notice 701/9 (March 2002) Derivatives and terminal markets". March 2002.
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