National Stock Exchange has introduced additional delivery centres in Mumbai, Chennai and Delhi for bullion. Earlier, as part of the settlement mechanism for bullion contracts Ahmedabad was treated as the base centre and the primary delivery centre.
Members can express their intentions for accepting and giving delivery at the additional centres by quoting a premium or discount to the basis centre.
Ravi Varanasi, Chief Business Development Officer, NSE said the new delivery centres will bridge the gap between delivery and the consumption centre besides facilitating delivery of commodities at different locations at a price applicable to the particular location.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.