This would be the first-of-its- kind initiative, whereby holdings of commodities would be recorded in an electronic form.
Under the agreement, NSDL would allot distinct commodity identification number (C-Id) for each of the commodities permitted for trading by NCDEX on its platforms.
Under this arrangement the designated warehouses, (where the participants of the exchange would lodge or withdraw the permitted commodities) would confirm to NSDL details of such lodges or withdrawals for maintenance of details in an electronic rather than physical form.
