CDSL enters into a tie-up with MCX

CDSL has tied up with "Multi Commodity Exchange of India Ltd" (MCX), for providing the facility of maintaining warehouse receipts in dematerialized form. MCX is a state-of-the-art digital exchange and facilitates online trading, clearing and settlement operations for commodities futures trading. The key shareholders of MCX are Financial Technologies (India) Ltd, State Bank of India, Union Bank of India, Bank of India, Corporation Bank & Canara Bank. CDSL and MCX are in the process of putting the operational procedures in place after which investors would be able to maintain warehouse receipts in dematerialized form with CDSL, for trades on MCX.

Maintenance of warehouse receipts in dematerialized form for trades done on National Commodity and Derivatives Exchange (NCDEX) is already in place. Presently 20 CDSL DPs empanelled by NCDEX are facilitating maintenance of warehouse receipts in dematerialized form. For list of DPs empanelled by NCDEX please see Demat of Warehouse Receipts at Whats New.