Last Updated : January 22, 2010
Allotment of Group ID to the Clients
Circular No: - NMCE/2009-10/0073 Date: - 22-Jan-2010 To,
The Members,
In terms of the Bye-Laws, Rules and Regulations of the Exchange and in continuation to circular of the Exchange under reference no: NMCE/2009-10/0068 dated 4th January, 2010; where it is made mandatory that the trading member cannot utilize the funds and Warehouse receipts of one Non-member client for and on behalf of another Non-Member client.
Further, for proper monitoring and administration of the above mentioned provision, it has been decided that the member should allot distinct Group Id to such terminal / clients who are intending to avail margin exposure against valid Warehouse Receipt (s) of Central Warehousing Corporation (CWC).
It is therefore notified that all the members should invariably allot distinct Group ID to each client, availing this facility under intimation to the Exchange while seeking margin exposure against valid Warehouse Receipt (s) of Central Warehousing Corporation (CWC). The limits allotted to such group should not be transferred by the member to any other group and such group should not contain any other clients.
For and on behalf of
National Multi-Commodity Exchange of India Limited.
Dinesh Shukla
Vice President – Market Watch & Surveillance.
