e-RTRS is an auxiliary system of the Exchange, the basic function of which is keeping records of goods being traded and trading participants. The system contains information on the stock of goods stored by trading participants in Authorised Warehouses as divided into owners, types of goods, their class, and storage place. Each new batch of goods that the owner wants to start trading in must be recorded in e-RTRS. The system also shows all the changes in the owners of the goods arising from exchange transactions made and releases of the goods from Authorised Warehouses.
Having an e-RTRS account along with a unique trading participant identifier is one of the prerequisites of participating in the market to be met by buyers and sellers.
The Exchange makes the system available to:
· Authorised Warehouses, which record acceptances and releases of goods in the system and can verify owners’ rights to collect their goods;
· Brokerage houses, which, based on the stock of goods of their clients, can verify sales orders placed by them;
· Trading participants, which, besides the possibilities of viewing data regarding their goods and transactions, can obtain information on Authorised Warehouses, such as their location, storage space availability, and currently stored goods intended for exchange trading.
e-RTRS is not a system for placing orders and making transactions. For this purpose, the Exchange provides their Members with a separate trading system.