It functioned like the cash segment in equities, but offered commodities in the demat form in smaller denominations.
New Delhi |
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Commodity markets regulator FMC on Thursday said it will soon take a call on allowing investors to realise their funds in e-series contracts that were offered on the crisis-hit NSEL. Under e-series contracts, retail investors bought and sold commodities in de-materialised form.
It functioned like the cash segment in equities, but offered commodities in the demat form in smaller denominations. “Independent auditor Chokshi & Chokshi has submitted the report on e-series contracts. We are examining it and will soon take a call,” Forward Markets Commission chairman Ramesh Abhishek said.
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