CDSL and NCDEX get licence to set up repositories

Paves way for trading of electronic warehouse receipts to boost commodity trade

With licences issued to two commodity repositories, commodities trading, especially agri commodities, will see a revolution, as commodities will now be traded in the same way as shares in demat form. 

The Warehousing Development and Regulatory Authority (WDRA) has granted licences to the BSE-promoted depository, Central Depository Services (India), or CDSL, and the National Stock Exchange-anchored National Commodity and Derivatives Exchange (NCDEX) to set up repositories. If all goes well, in the third quarter of the current calender year, the repositories will be operational, say sources. This infrastructure will make trading of electronic negotiable warehouse receipts possible. 

According to