NCDEX's new electronic warehouse receipts create market for invalid stocks

Receipt issued in Gujarat and Rajasthan for guar gum and sesame seed

The National e-Repository Limited (NERL), a subsidiary of NCDEX, issued the first lot of electronic negotiable warehouse receipts (e-NWRs) two days ago.

When the repository was inaugurated, only one such receipt was issued, but now the repository is regularising the issue of such receipts, which will be freely transferable and can be traded. NCDEX is planning to launch a segment on its spot market NEML for trading and delivering goods against which such e-NWRs have been issued. 

According to NCDEX, “The e-NWRs are being issued in Gujarat and Rajasthan for commodities such as guar gum and sesame seed.”

e-NWRs