NCDEX

National Commodity & Derivatives Exchange Limited

National Commodity & Derivatives Exchange Limited

Activity : On line Multi Commodity Exchange

Corporate Office : Mumbai

IFFCO's Shareholding: 10%

NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It commenced its operations on December 15, 2003.In addition to IFFCO, other shareholders are Canara Bank, Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), ICICI Bank Limited and National Stock Exchange of India Limited (NSE) and CRISIL Limited (formerly the Credit Rating Information Services of India Limited).

NCDEX is a nation-level, technology driven de-mutualised on-line commodity exchange with an independent Board of Directors and professional management - both not having any vested interest in commodity markets. It is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency.

NCDEX currently offers contracts in 25 commodities, which include 22 agricultural commodities, 1 bullion commodities, 2 metals commodity contracts.

NCDEX has over 257 trading cum clearing members, 221 trading members, 7 Strategic Trading cum Clearing Member and 1 Professional Clearing member.

NCDEX has accredited more than approximately 296 warehouses, with a storage capacity of about 14 lakhs MT for storage and delivery of commodities traded on its platform.

It has approved 80 COMTRACK Participants (CPs), 12 clearing banks for ensuring smooth operations, clearing and settlement of trades put through by its trading and clearing members.

IFFCO's endeavour had always been to ensure that the farmers receive best quality fertiliser input at economical price. This association facilitates enhancement in the scope of services for farmers wherein the farmers can realise higher prices, minimise risk and strive for reliable market conditions.

www.ncdex.com