Académique Documents
Professionnel Documents
Culture Documents
Promoters
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Features of NSEL
¾ Demutualised Exchange
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Product offering by NSEL
At present, an investor having Rs. 15000, who is bullish about copper buys 1 lot of copper( 1 MT) on
MCX, but if the price crashes, his capital is wiped out. Now, he will be able to buy 50 Kg of copper and
hold in demat account. If the price goes down, he holds. If the price goes up, he books his profit.
Contract Specification
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Product Categories
Based on participants :
¾ Farmer’s contract: Only farmer is seller, smaller trading unit, price cess unpaid
¾ Traders' contract: Trades are the seller, large units & Cess paid commodity.
¾ E-Series contracts : Retail/Corporate Investors .
Based on type of Market :
¾ Normal : Price-Time priority. Intraday is permitted. Settlement on closing price
¾ Trade to Trade : Price-Time priority. Intraday is not permitted
¾ Auction Contract: Trade matching at the End of session.(Forward & Reverse Auction)
Settlement Segment :
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Operation Flow (physical segment)
1. Trade Matching
2. Delivery marking & Obligation to Members through FTP
3. Commodity Deposited by Seller at W-H/Vault
4. Confirmation by WH to Delivery dept. after certification
5. Commodity Pay-In confirmation by Delivery dept to Clearing Dept.
6. Funds Pay-in by Buyer (thru Settlement A/C)
7. Funds pay-out to seller.
8. Buyer detail to the Exchange.
9. DO issued to warehouse.
10. Commodity pay-out confirmation to the Buyer
11. Lifting of commodity.
12. Invoice by the seller.
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E-SERIES An Innovative Investment
First time in the history of Indian commodity market ,NSEL has launched an
unique investment products
‘’e-Series ‘’
e-Gold , e-Silver, e-Copper, e-Zinc, e-Lead
And many more,,,,,,,,,,,
National Spot Exchange: Launched E-Series
¾ For the first time in the history of Indian commodity market, National Spot
Exchange launched a unique investment product in Gold, Silver, Copper and
Zinc in demat form.
¾ Gold, Silver, Copper and Zinc are available for trading with all features and
convenience of equity market scrip and operation.
¾ NSDL and CDSL act as the Depository for holding such commodity in the
electronic form, while the commodity in physical form is kept in the designated
vault/storage.
Essentials of E-series Product
DPR 5% 5% 5%
Initial margin 5% 5% 5%
Convesrion charges 200 / 200 / 100 / nil 100 / 200 /200 up to 2.5 ton : Rs.250
per 60 kg
Delivery charges 200 per delivery 150 per delivery 500 per delivery
Delivery centres Delhi. Kol, Chennai, Bom, Delhi. Kol, Chennai, Delhi
Ahmd, Jaipur, Hyd , Bom, Ahmd, Jaipur,
Bangalore Hyd , Bangalore
Taxes (in case of physical VAT & Octri VAT & Octri VAT & Octri
delivery)
Circular ref NSEL/2010/041 NSEL/2010/063 NSEL/2010/177
How to participate
¾ Opening of Beneficiary a/c by clients (KYC as per Depository & DP-Client agreement)
¾ On purchase- after funds pay-in , pay-out is credited to members’ pool account and the
member in turn transfers the same to the clients/ beneficiary account.
¾ On Sale-Clients transfer demat units through DIS slip to member’s pool account in
the respective settlement number.
¾ 20 commodities under e-series during calendar year 2011, creating a vibrant cash
segment in commodities
Platinum, steel, nickel, aluminum, etc.
Some non perishable agri-commodities : Black pepper, castor, etc.
¾ ODIN, ODIN diet, net.net., etc. ( all products of FTIL) available free of cost for NSEL
members.
¾ SIP ( systematic investment plan): software available free of cost
¾ E trader: software available free of cost
¾ Fungibility of e-gold with jewellary in pipeline
¾ Empowering members by organizing awareness programs for their clients
Performance of E-Gold Vs NSE Index
Performance of E- Silver Vs NSE Index
Monthly Turnover (Rs Cr.) : e-Series
Daily turnover (Rs Crore) in April 2011: E-Series
E-series investment return and ETF comparison
Launch Date:* e-gold: 17th March, 2010 ; e-Silver: 21st April, 2010, e-Copper: 16th Nov, 2010 , e-Zinc: 14th Jan, 2011