Process Flow in Dematerialization
If the Client/investor wants to deliver goods on futures exchange S/he will have to go through a defined process of Dematerialization. In process of Dematerialization of the Commodity, the client has to submit the commodities and a request form to the exchange accredited warehouse. The warehouse checks the quality and quantity by assaying. Once the assaying is successfully done, the warehouse sends the acceptance information to NSDL (DP) via the registrar and transfer agent (R&T). Once NSDL receives the confirmation from R&T agent, it credits ICIN (a unique number allotted by NSDL for identification purposes) balance into the Demat account of the client.
In the next chapter we will learn about the glossary of commodity market terms starting from A to C.
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BCE/TCM/CORP/0021, BCE Trading Member Id: 545, NCDEX/TCM/CORP/0479, NCDEX Trading Member id 00155, MCX/TCM/CORP/0479, MCX Trading Member Id 10440, NCDEX Spot Trading Member Id: 10040, ACEL/TCM/CORP/0235, ACEL Trading Member Id: 6060, SEBI registration no - INZ000044135