Investment Products in Commodities - National Spot Exchange Limited
Investment Products in Commodities - National Spot Exchange Limited
Investment Products in Commodities - National Spot Exchange Limited
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Essentials of e-Series Product<br />
� Designated vault for Bullion: Br<strong>in</strong>ks Arya<br />
� Registrar and Transfer Agent (RTA): Karvy<br />
� Currently empanelled Depository participants (DP):<br />
• 133 DPs are empanelled: Religare Securities, Globe Capital, Goldm<strong>in</strong>e, Karvy, SHCIL,SMC and<br />
IL&FS.<br />
• A number of other DPs are <strong>in</strong> process<br />
� Demat Contracts function just like cash segment <strong>in</strong> equities.<br />
� Retail <strong>in</strong>vestors can trade and <strong>in</strong>vest <strong>in</strong> the <strong>in</strong>strument.<br />
� Intra day trad<strong>in</strong>g is allowed, but net position at end of day must result <strong>in</strong>to delivery on T + 2 <strong>in</strong> demat<br />
form<br />
� For hold<strong>in</strong>g beneficiary / pool account or buy<strong>in</strong>g / sell<strong>in</strong>g demat units, <strong>in</strong>vestors/ brokers do not need<br />
VAT number;<br />
� Authorized Dealers appo<strong>in</strong>ted by NSEL take care of all such compliance<br />
� At the time of dematerialization and rematerialization of units, Authorized dealer comply with all legal<br />
requirements and give delivery of gold bars/ co<strong>in</strong>s with sale <strong>in</strong>voice <strong>in</strong> the case of rematerialization. .<br />
www.nationalspotexchange.com
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