The welcoming ceremony is a Ferengi tradition.
When a person enters a Ferengi home, the homeowner tells them: “this house is my house”, to which the visitor replies “as are its contents”. The visitor signs waivers and deposits a latinum gratuity. (DS9 episode: "Family Business")
In 2381, Federation President Nan Bacco welcomed Ferengi ambassador Derro in the tradition of the welcoming ceremony. (DY novel: Mere Mortals)
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- Welcoming ceremony article at Memory Alpha, the wiki for canon Star Trek.