close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Turkish Exchange To Launch Bourse For Cattle

Cattle sold on the bourse will be male, more than 2 years old, an average of 500 kilograms and born in Turkey.

0

August 27, 2011 3:31 by



The Turkish Derivatives Exchange (TurkDex) is working toward the launch of a livestock bourse in Istanbul in mid-September to help secure transparency and fair prices for cattle in the market, its chairman said on Friday.

Delivery will take place during the Muslim Feast of Sacrifice (Eid al-Adha) in November.

“This will be the first derivatives contract with a maturity of a religious feast,” TurkDex Chairman Cetin Ali Donmez told Reuters in a telephone interview.

Cattle sold on the bourse will be male, more than 2 years old, an average of 500 kilograms and born in Turkey.

“Cattle will be delivered to owners during the four days of Eid in Tuzla near Istanbul, and the market will be attractive for wholesalers, supermarkets and voluntary organisations as well as individual consumers,” Donmez said.

“It’s too early to set a market size for the bourse, we have to wait and see. But the cattle market in the United States has an annual volume of $2.5 billion. Reaching 5 percent of that size would be significant,” he said.

The bourse is expected to decrease the number of street bazaars during the cattle sacrificing season and help shield children from scenes of animal slaughter.

Streets traditionally turn red with slaughtered animal blood during Eid al-Adha. (Reporting by Ece Toksabay, editing by Jane Baird)



0

Leave a Comment