E-Series Product:
A new form of commodities investment:
For the first time inIndia, E-Series products in commodities have introduced.
Retail investors can now trade and investment in commodities like they invest in the equities. This is a unique market segment, which functions just like cash segment in equities, but offering commodities like gold, silver and copper in the demat form in smaller denominations. Systemic investments in e-series products promote savings in a secured way offering ease of transaction and flexibility of trade timings. This instrument provides ample opportunity to the mass as secured investment in their product basket diversification.
Account Opening
Retail investors who intend to trade/ invest in E-Series products are required to register with one of the members. The process is exactly similar to client registration process for trading in the equity market. Investors may choose member on criteria like convenience, comfort, service levels, safety, reputation and charges levied etc.
Any retail investor who wishes to trade/invest in E-Series products
Members of Exchange often have a group company which is an empanelled DP of Exchange or might have a tie-up/arrangement with an empanelled DP of Exchange. Investors might enquire about existence of any such arrangement with the Exchange member for ease of account opening process and/or DP related charges that are levied.
What is dematerialization or dematting of commodities?
Dematerialization of commodity implies storage of commodities in Exchange designated vaults/ warehouses and keeping record of its ownership in electronic form. The legal and beneficial owner of the goods gets a credit in his account electronically, which is similar to holding a pass book in the bank. Similarly, transfer of ownership against buy and sale is done from one account to the other, just like money transfer through a cheque. The depository keeps records of holding and transfers in electronic form. The opening of account and transfer instructions are carried out by the agents of the depository, which are called “Depository Participants (DPs)”.
Trading in E-Series as well as other contracts are available Mondays through Fridays from 10:00 am to 11:30 pm. Trading in E-Series products are not allowed on Saturdays and other holidays notified by the Exchange.
SYMBOL |
E-GOLD |
E-SILVER |
E-COPPER |
E-ZINC |
E-LEAD |
Trading unit |
1 gram |
100 gram |
1 KG |
1 KG |
1 KG |
Price Quote/Base Value |
Per 1 gram Gold of |
Per 100 gram Silver of 999 purity |
Per 1 Kilo gram Copper |
Per 1 Kilo gram Zinc |
Per 1 Kilo gram Lead |
Tick size |
10 paisa per unit |
10 paisa per unit |
0.05 per 1 kilogram/unit |
0.05 per 1 kilogram/unit |
0.05 per 1 kilogram/unit |
Tender and Delivery day |
T+2 (2 working day from the date of transaction) |
T+2 (2 working day from the date of transaction) |
T+2 (2 working day from the date of transaction) |
T+2 (2 working day from the date of transaction) |
T+2 (2 working day from the date of transaction) |
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