INSUBCONTINENT EXCLUSIVE:
KOCHI: The National Multi-Commodity Exchange of India Limited (NMCE) has shifted to electronic warehouse receipts for its delivery of July
As on July 14, 517 electronic negotiable warehouse receipts (eNWRs) have been issued out of which a total of 397 eNWRs have been settled in
Kerala for the rubber contract by NMCE during July 2018.
The receipts have been issued in coordination with Warehousing Development and
value chain participants in the commodity markets
It will ensure an increase in efficiency by minimising risk particularly for clients located far from the delivery centres because there
All clients and depositors of NMCE desirous of delivering and receiving the commodities on NMCE will have to mandatorily open a client
through eNWR is hassle-free and convenient to market participants.
WDRA has issued a circular to all its registered warehouses that the
authority shall be notifying a date for mandatory adoption of eNWRs by its registered warehouses.
