National E-Repository Limited Nerl

National E-Repository Limited (NERL)- an NCDEX Group Company, is a national level market infrastructure institution that records and stores Warehouse Receipts in an electronic form (e-NWRs) in the Indian commodities market, under the aegis of Warehouse Development and Regulatory Authority (WDRA), Government of India. The mission of WDRA is to regulate and ensure implementation of the provisions of the Warehousing (Development and Regulation) Act, 2007 for the development and regulation of warehouses, maintain negotiability of the warehouse receipts and promote orderly growth of the warehousing business in the country for the benefit of farmers and Financial Institutions (FIs) through transparency and trust. NCDEX group has in depth experience in digitalizing warehouse receipts and commodity inventory management through its ingeniously built systems – Comtrack® and Comlive, which have brought transparency and efficiency to warehousing. NERL will leverage the capabilities of NCDEX group and with its unique combination of repository, cutting edge technologies, warehouses and mandis, will offer a game changing experience to all types of market participants. NERL will be responsible for storage, security, authenticity and transfer of all electronic negotiable warehouse receipts (eNWR), within a regulated framework, between users of the repository such as warehouse service providers, banks, financial institutions, farmers, traders and value-chain participants. NERL will be a pioneer in providing legal and regulatory environment for inventory financing and warehouse receipt lending to encourage the use of these financing mechanisms; and will act as catalyst to boost warehouse based commodity business transactions. Its systems will introduce lot visibility, traceability and off-market transfers to commodity trading outside the Exchange ecosystem. It will accommodate all types of warehouse service providers, including private and state-owned, small and medium.