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| CORPORATE
OVERVIEW |
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| OVERVIEW |
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First pan India electronic spot market |
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Promoted by Financial Technologies Group,
and NAFED |
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Complementary to the existing framework of
commodity derivative exchanges |
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HIGHLIGHTS |
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265 members as on December 31, 2008 |
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Launched electronic spot trade in urad and
tur |
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Entered into a strategic alliance with
Ludhiana Commodities Trading Services on Dec
8, 2008 |
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Signed MoU
with IL&FS to link one hundred thousand
common service centres to the spot exchange
network |
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MoU was
signed between NSEL and Pulses Importers
Association of India (PIA) on November 08,
2008 |
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| KEY
BENEFITS |
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Facilitates trading in standardized
contracts of various agricultural
commodities |
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Reduce counterparty risk and defaults |
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Farmers can sell produce by paying marginal
brokerage as compared to that being paid to
each intermediaries |
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Amendments
in the APMC Act will save 40% of food that
gets wasted in absence of due processing |
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Launch of
NSEL will strengthen the supply chain and
provide an efficient procurement mechanism
to the corporates |
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www.nationalspotexchange.com |
