Since this is not a futures contract, banks can directly become members of NSEL, otherwise they can participate as constituents
Banks can sell bullion at multiple locations electronically in risk free environment with payment guarantee given by NSEL
They can incorporate suppliers’ quote plus margin forming orders to be submitted on NSEL Located at one place, they can sell bullion at various locations across the country in risk free environment without any capital investment in setting up offices
Freedom from credit risk and counter party defaults in these impulsive markets
Banks must prepare themselves to compete against intra-day and overnight volatility leading to customer’s defaults by using NSEL secured platform
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