Warehousing Development and Regulatory Authority (WDRA) has given Certificate of Registration to CDSL Commodity Repository Ltd. (CCRL) for Commodity Repository on September 26, 2017. Subsequently CCRL has started its operation on September 30, 2017. This move is expected to boost warehouse based commodity sales and finance.
CDSL Commodity Repository Ltd. is a owned subsidiary of Central Depository Services (India) Ltd. (CDSL). CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. It became operational as it received certificate of commencement of business from SEBI in February 1999. All leading stock exchanges like the BSE Ltd, National Stock Exchange and Metropolitan Stock Exchange of India have established connectivity with CDSL. CDSL has a wide network of DPs, operating from over 17,000 sites, across the country, offering convenience for an investor to select a DP based on his location. CDSL's system is built on a centralized database architecture and thus enables DPs to provide on-line depository services with the latest status of the investor's account. Continuous updation of procedures and processes in tune with evolving market practices is another hallmark of CDSL's services. CDSL conducts regular audit of its DPs to ensure compliance of operational and regulatory requirements.
The Legacy of CDSL services is carried forward by CCRL for Commodity Market Stakeholders.
Security featuresComputer Systems : All data held at CCRL is automatically mirrored at the Disaster Recovery site and is also backed up and stored in fireproof cabinets.