In terms of the provisions of the Rules, Bye-Laws and Regulations of the Clearing Corporation and reference to SEBI circular no. SEBI/HO/CDMRD/DMP/CIR/P/2016/103 dated September 27, 2016, the warehouses approved by the Clearing Corporation are required to be registered with the Warehousing Authority viz. Warehousing Development and Regulatory Authority (WDRA).
The Rule 27 of the Warehouse Registration Rules, 2017 prescribed by WDRA makes it mandatory for all the Warehouses to register with one or more WDRA registered Repositories for issuing negotiable warehouse receipts in electronic form. Warehousing Development and Regulatory Authority (Electronic Negotiable Warehouse Receipts) Regulations, 2017 has also been notified and WDRA has thereafter issued a circular to all its registered warehouses that the authority shall be notifying a date for mandatory adoption of electronic Negotiable Warehouse Receipts (eNWRs) by its registered warehouses.
All market participants are requested to take note that settlement of delivery obligations of WDRA notified commodities arising out of a trade/ deal in commodity derivatives contracts on BSE platform shall be held through eNWR system with CDSL Commodity Repository Limited (CCRL). Therefore, all Members and their respective clients/constituents are requested to open the necessary Repository Account with CCRL through the registered Repository Participants (RPs) of CCRL and further map their Repository Account with the Unique Client Code (UCC) allocated to them by their Trading Members. Members are further requested to open the applicable Pool Account with the Repository Participants. The process of opening necessary Repository Accounts by the Members and their Clients/ Constituents shall be completed at the earliest.
Detailed procedure and schedule for settlement of the delivery obligations of commodities held under eNWR through the CCRL Repository will be intimated separately.
All Members and their respective constituents are requested to contact nodal officers of CCRL (http://www.ccrl.co.in/) for any further assistance for registration as Repository Participants and for opening of Repository Accounts.
For any clarifications, Members may contact their respective Relationship Managers or on any of the following contact numbers:
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Sr. No
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Query
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Coordinates
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1
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Commodity Delivery Settlement
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022 22725807/5109
022 22728616/5667
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For and on behalf of the Indian Clearing Corporation Limited
Dilip Kakwani Rajeev Ranjan
General Manager Asst. General Manager |