Over the last decade, the Exchange has pioneered the cause of price discovery and price risk management in the agricultural commodities markets. As most of the agricultural contracts traded on its platform are compulsory delivery contracts, the NCDEX has also pioneered the approved warehouse model of delivery.
Logistics is very important segment in Clearing and Settlement. Logistics monitors Warehouse Service Providers (WSPs) & Assayers. Logistics department handles the process of WSP empanelment, Approval of warehouses for deliveries and approval of assayer for checking the quality of goods to be accepted in warehouses. All the approved warehouses are inspected by department, Surveillance department of the Exchange and by Independent Auditors at various frequencies. All warehouses approved by the NCCL are registered with WDRA and all Assayers Labs empanelled are accredited by NABL.