Features & Benefits

 

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For meeting the short term fund needs against the pledge of ENWRs (Exchange Deliverable) of commodities issued by WDRA registered Repositories such as National E-Repository Limited (NERL) and CDSL Commodity Repository Limited (CCRL). 
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Minimal paperwork 
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Hassle free processing 
 

Terms & Conditions

Nature of facility

Cash Credit (Non operative)

Quantum of Finance

Maximum loan amount shall be 70% of the value of goods pledged / covered by the ENWR.

Period

The limits shall be sanctioned for a maximum period of 12 months.

Primary Security

Pledge of Electronic Negotiable Warehouse Receipts (ENWR)(Exchange Deliverable) issued by WDRA registered Repositories such as National E-Repository Limited (NERL) and CDSL Commodity Repository Limited (CCRL) and is also deliverable on Commodity Exchange platform such as Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX), Indian Commodity Exchange (ICEX) and BSE Ltd.

Collateral Security

NIL

Interest Rates & Charges

Please visit the rates and charges page for details

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