Fillip for Indo-UAE commodity trade

 The new receipt system, called the Dubai Commodity Receipts (DCR), will replace physical trading of commodities and provide traders with a more transparent and flexible method of exchange.

 The warehousing receipt system, which works through a web-based platform, enables traders to pledge their goods in favour of the banks for loans, transfer the ownership of the commodity and maintain a more transparent system of exchange.

 DMCC