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National Commodity Clearing Limited (NCCL)


Dr. P.L. Singh
Pages: 47-58
ISBN: 978-93-5834-985-6


Business Management: A New Paradigm (Volume -5)

Business Management: A New Paradigm
(Volume - 5)

Abstract

Indian is an agricultural country and maximum rural population involving in farming. The farmer want to increase its income through trading of commodities. In this view many commodities exchanges have been opened in India. The NCDEX is one of them that emphasized on agricultural commodity and provide platform for trading. For fast clearing and settlement purpose NCDEX promoted and launched its own subsidiary NCCL. The NCCL provides services of clearing and settlement through its Clearing Member that transaction traded on NCDEX platform. The NCCL empaneled banks for open Clearing account and warehouses for physical commodities storage of NCDEX. The NCCL registered only new member as Professional Clearing Member and others member registered through NCDEX. In recent years the profit and popularity of NCCL increased and it pay Corporates Social Responsibility (CSR) through financial contribution.

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© Integrated Publications.
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