1. Kochi November 4, 2017 CDSL Ventures Limited (CVL)
CDSL Insurance Repository Limited
(CDSL IR)
CDSL Commodity Depository India Limited (CDSL)

2. Warehousing Development and Regulatory Authority (WDRA)
Warehousing Development and Regulatory Authority (WDRA) is a regulatory body set up by the Government of India – Warehousing (Development & Regulation) Act 2007 to make provision for the development and regulation of Warehouses, Negotiability of warehouse receipts, promote orderly growth of the warehousing business and to create a well-developed ecosystem.

3. Vision - To be the Commodity Repository of Choice
Our Mission &Vision
Name - CDSL Commodity Repository Limited
Mission – To provide cost efficient and convenient Commodity Repository Services with robust technology solutions
Vision - To be the Commodity Repository of Choice

4. Entities in Repository system
Client
Repository Participant
Warehouse / WSP
Assayer
Clearing Member
Clearing Corporation/ House

5. Client Objectives: By opening a Commodity account with a RP
Depositor wishing to open commodities account shall submit an online KYC application through CCRL portal or physical application in the requisite format:
Types of Account:
Individual
Non-Individual
Proprietary Concern
Partnership Firm
Corporate Body
Trust
Society
Bank
FPO
Clearing Member
Trading Member
Clearing Corporate / Clearing House
Processor
NBFC
NGO
LLP
Objectives:
By opening a Commodity account with a RP
of CCRL, investors can carry out the following
activities:-
Deposit of Commodities
Holding commodities through eWR or eNWR
Deliver (sell) / receive (buy) commodities in eNWR form for trades done on commodity exchanges, off-market or for any other reason.
Pledge / Depledge the eNWRs/ eWRs held in the commodities account.
Invoke the eNWRs held in the commodities account
Freeze/unfreeze commodities
Withdraw the commodities from the Warehouse
eAuction commodities

6. Entities in Repository system
Client
Repository Participant
Warehouse / WSP
Assayer
Clearing Member
Clearing Corporation/ House

7. Repository Participant
Selection Criteria for RPs:
Entity
RBI/ SEBI registered entity
WSP as per CCRL criteria
Fit and proper
As per CCRL
Objectives:
The main objective of on-boarding of a Repository Participant (RP) in CCRL to:
Provide repository services to depositor/ clients/ commodity holders.
To allow transactions by depositor/ client in the Repository system i.e. deposit, transfer, pledge, withdrawal etc.
Benefits:
Variety of client accounts in Commodity Repository.
Wide range of commodities listed by WDRA.
Number of transactions are expected to be multiple times than what is currently happening in limited commodity space without any regulated Repository system in place.
Warehouse can not unilaterally take action.
Complete integration of RP back-office with Repository system.
Functions of RP
Account Opening
KYC of clients account
Account maintenance
Deposit
On-market transfer
Off-market transfer
Inter-repository transfer
Pledge
Pledge Closure
Pledge Invocation
E-auction
Export Reports
Errors & Omission

8. Entities in Repository system
Client
Repository Participant
Warehouse / WSP
Assayer
Clearing Member
Clearing Corporation/ House

9. WSP / Warehouse Deposit Functions of WSP / Warehouse
Selection Criteria for WSP / Warehouse :
Entity
WDRA registered Warehouse / WSP
Fit and proper
As per WDRA
Objectives:
The main objective of on-boarding of a WSP / Warehouse in CCRL to:
To accept physical deposit of commodities by clients and to generate eWR / eNWR.
Allow clients (commodity owners) – extension, error rectification, withdrawal, pledge request commodity confirmation, etc.
Functions of WSP / Warehouse
Deposit
eWR/eNWR Generation
Extension of validity
Error Rectification
Withdrawal
Export Reports
Reconciliation

10. Entities using the Repository system
Client
Repository Participant
Warehouse / WSP
Assayer
Clearing Member
Clearing Corporation/ House

11. Assayer Registered warehouse appointed Assayer
The main objective of Assayer:
To update / submit grading and quality parameter details against deposit of commodities as per testing result.
Functions of Assayer
Updating test results for commodity deposited

12. Entities in Repository system
Client
Repository Participant
Warehouse / WSP
Assayer
Clearing Member
Clearing Corporation/ House

13. Clearing Member Objectives:
The main objective of Clearing Member in CCRL to:
To export report (pool holding) and transfer the commodity to buyer client account.
Functions Clearing module
Pool to client transfer
Export Reports

14. Service Cycle ASSAYING DEPOSITOR RP / WH OFFICE RP Branch
E-NNWR
DEPOSITOR
RP /
RP Branch
WAREHOUSE
WH OFFICE
ASSAYING
E-NWR
BENEFICIARY HOLDER
WAREHOUSE OFFICE
PLEDGEE (FUNDING)
ON MARKET TRANSFER
OFF MARKET TRANSFER
E - AUCTION
PHYSICAL DELIVERY

15. Modules in Repository System
Client Account Opening Module (Through RP)
Client Account Opening Module (Through RP Branch)
Deposit Module – RP/WH/Client Portal
Deposit & eWR / eNWR Generation Module – Warehouse
Transfer Module
Pledge Module
De-Pledge Module
Pledge Invocation Module
e-Auction Module
Withdrawal Module
Rectification of Errors Module
Freeze / Un-freeze Module
Reconciliation Module

16. Client Account Opening Module (Through RP)
Option 1
Online request by client through portal.
Scanning and uploading required documents by client.
e-payment of fees by client.
OTP/ biometric authentication (of individual/ authorized representative) by RP and account opening by RP.
Option 2
Client visit RP Branch/ Warehouse and submit supporting documents and fees
Scanning and uploading documents by RP Branch
Verification, OTP/ biometric authentication and account opening by RP
Option 3
Client visits RP with required documents and account opening form.
Registration, scanning and uploading by RP
Payment of fees by client
OTP/ biometric authentication and account opening by RP
Verification mail to clients address
Opening and Activation of account
Account number intimation to client via SMS, or physical copy.
Agreement / T&C between client and RP

17. Client Account Opening Module (Through RP Branch - WH)
Client account opening initiation through RP Branch - WH
Depositor visits warehouse
RP branch captures Depositors information
Biometric verification /OTP by RP
Opening of account with locked status
Online dissemination to RP and dispatch of physical documents to RP
Verification by RP and opening of account or activation of account
System generated Client Master hand delivered / dispatched to client
Limited functions of RP usable by RP branch (Client account opening initiation).
Separate users for RP branch and warehouse functions
Stringent Compliance as Agent of RP

18. Deposit Module – RP Initiation through RP
Deposit of Commodity request submitted to RP through client portal or physical form.
Verification and entry by RP.
Intimation to Depositor (Unique Verification code) by Repository.
Intimation to WH/WSP about deposit of Commodity.
Physical Deposit of commodity at Warehouse subject to KYC formalities, account opening statement/ unique authorization code of depositor/ authorized representative
Generation of eWR
Quality check and Grading entry by Assayer agency
Acceptance by WH/WSP
Generation of eNWR
Intimation to client, RP, Warehouse/WSP and Repository.
/ Printed eNWR provided to Client

19. Deposit & eWR / eNWR Generation Module - Warehouse
Initiation through Warehouse
Client visit to Warehouse for deposit of commodity.
Deposit entry by WH
Intimation to RP about client and deposit of commodity.
Validation of Depositor/Authorized representative using OTP.
Generation of eWR
Quality check and Grading entry by Assayer agency
Acceptance by WH/WSP
Generation of eNWR
Intimation to client, RP, Warehouse/WSP and Repository.
/ Printed eNWR provided to Client

20. Transfer Module Off – Market Transfer On – Market Transfer
Submission of transfer request by Seller client to Seller client RP
Intimation to Repository about transfer of eNWR
Intimation to Buyer RP by Repository about initiation of transfer request
Submission of receipt request by buyer
Intimation to Repository about receipt request of eNWR
Transfer of eNWR
Intimation to seller and buyer clients, RP, Warehouse/WSP and Repository.
On – Market Transfer
Submission of transfer to pool account request by Seller client to Seller client RP
Intimation to Repository and Exchange about transfer of eNWR
Clearing house/ corporation to register as user.
Clearing house informs settlement obligation of user clients.
Clearing Members are informed simultaneously.
eNWRs are frozen till settlement of funds.
Transfer of eNWRs directly to Buyer client’s account.

21. Pledge Module
Pledge
Application of Pledge creation by client to RP through portal or physical form.
RP to initiate pledge request.
Pledge initiation request to Warehouse/WSP
Confirmation of request by Warehouse/WSP
Pledge creation completion by Pledgee
Intimation to Repository
Record update in Repository, Pledgee, Warehouse, RP, Clients account.
Intimation to Commodity Owner.

22. De-Pledge Module De-Pledge
Application for de-pledge of eNWR by pledgor client through portal or physical form.
Intimation to Repository about de-pledge of eNWR / eWR.
Intimation to pledgee by Repository about initiation of de-pledge request by pledgor.
Intimation to Repository about confirmation of de-pledge.
Record update in Repository, Pledgee, Warehouse, RP, Clients account.
Intimation to Commodity Owner.

23. Pledge Invocation Module
Application for pledge invocation of eNWR by Pledgee
Intimation to Repository about invocation of pledge of eNWR / eWR by RP.
Freezing of Pledger account for the said eNWR / eWR.
Request verification by Repository
Record update in Repository, Pledgee, Warehouse, RP, Clients account.
Intimation to Commodity Owner.

24. e-Auction Module Functions of e-Auction module User Registration
Following entities can initiate e-auction and objective:
Commodity Owner (CO) - for his/her holdings.
WSP / Warehouse - For goods stored for which either due to issues related to warehouse storage charges payment by the CO or the goods are getting deteriorated and warehouse has given sufficient notices to the CO to remove them as per WDRA guidelines.
Pledgee - If the client (Pledgor) who has defaulted in repayment of loan.
Users and New User Registration
Bidder Registration
Seller Registration
Functions of e-Auction module
User Registration
Transfer of eNWR
Creation of RFQ by seller
View of RFQ by bidder
Demand for RFQ by Bidder
View of RFQ demand by seller.
Placing of bids
Modification and Cancellations of bids
Post Auction Activities
Export Reports

25. Withdrawal Module Withdrawal
Beneficiary Holder / Authorized representative comes to collect commodity at warehouse.
Intimation to Repository about withdrawal of commodity
Validation of Beneficiary Holder information by RP
KYC validation of Commodity Holder / Authorized representative by WH/WSP
Confirmation of request and delivery of commodity to client by WH/WSP.
Record update in Repository, Warehouse, RP, Clients account.
Intimation to Commodity Owner.

26. Rectification of Errors Module
Rectification based upon Regulatory action
Extension of validity
Rectification of Errors:
Error by WSP
Error by RP - Wrong transfer cases
Error by Assayer

27. Freeze / Un-freeze Module
Client may freeze its account and/or the eNWR or specific quantity by making a request to RP
RP may freeze client account and/or the eNWR or specific quantity On receipt of orders from WDRA, Central or State Government or any order by Court, Tribunal, Disciplinary Action Committee or any other statutory authority
Un-freeze
Client may un-freeze its account and/or the eNWR or specific quantity by making a request to RP
RP may freeze client account and/or the eNWR or specific quantity On receipt of orders from WDRA, Central or State Government or any order by Court, Tribunal, Disciplinary Action Committee or any other statutory authority

28. Reconciliation Module
Reconciliation between Repositories
EoD Inter Repository Reconciliation
Reconciliation with Warehouse
Quantity of commodity held by individual account holders through our Repository.
Reconciliation and reporting to WDRA.

29. THANK YOU