No discrepancy in e-series stock holdings in vaults: NSEL

The National Spot Exchange Limited (NSEL) today announced that its stock positions of Gold, Silver and Platinum, for e-series contracts tallies with depository records.

September 05, 2013 / 22:15 IST

No discrepancy in e-series stock holdings in vaults, say NSEL Sharp & Tannan conducted the audit of stocks and the settlement backlog was due to redemption pressure, they added.

Also read: MCA looking at possible violations by NSE

The press release says:

The National Spot Exchange Limited (NSEL) today announced that its stock positions of Gold, Silver and Platinum, for e-series contracts tallies with depository records. The Exchange has also posted the relevant Audit Report by Sharp &Tannan Associates on its website.

In order to facilitate the investors to liquidate the e-series units, NSEL is in the process of providing an exit window to sell their units and realize cash payments, subject to necessary approvals.

first published: Sep 5, 2013 10:15 pm

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