National Commodity & Derivatives Exchange Ltd (NCDEX), the leading commodity exchange today said it is introducing a comprehensive hedge policy for the commodity markets.The NCDEX in a statement issue in Mumbai said that the policy has been designed with the objective of making risk management easier, simpler and accessible for commodity businesses. It has widened the eligibility criteria for bonafide hedgers and has simplified processes and documentation for availing hedge limits on the Exchange platform. With an expanded eligibility criteria, the documentation has also been further simplified.The policy also includes special additions like hedging for related products of commodity, same commodity but different contracts, cross hedging in upstream, downstream commodity and related commodity having a very high correlation arising out of the similar degree of effect.