Friday August 16 2013
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
Country: India
The National Spot Exchange of India (NSEL) has published its revised schedule for settlement of outstanding dues payable to the members. This settlement was due to take place on 31st July but was deferred until 15th August. This has now been extended by 5 months.
The plan also suggests that the settlement of a fifth of the dues was contingent upon realisation of sale proceeds of the stocks supposed to be in the warehouses.
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