National Securities Depository and Central Depository Services (India) have decided to bar off-market deals, which enabled inter-client transfer of expired commodity stocks at exchange warehouses.
In a circular issued late Tuesday, NCDEX said on the final expiry date of stock, members must transfer the holdings from his pool account to the beneficiary or client’s account only.The exchange said after July 31, when the new norms come into effect, the client will have to take physical delivery of the goods after the final expiry date of the stock.