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References in periodicals archive ?
In doing so, a CMC, through its electronic warehouse receipt system, will issue warehouse receipts which can be used by farmers/depositors of agricultural commodity for financing from financial institutions and trading of electronic warehouse receipt at the exchange.
Salient amendments, after public consultation, include reduction in the registration fee of a CMC, removal of requirement for periodic accreditation, easing of documentary requirements for sponsors of a CMC, allowing electronic warehouse receipt to be traded on the exchange, and according enforcement powers to the CMC for cancelling accreditation of warehouse upon occurrence of certain events.
'The Warehouse Receipt Act will see all warehouses licensed to be operational.
Alliance for a Green Revolution in Africa (AGRA), Nigerian Economic Summit Group (NESG) are working together to see how laws can be enacted to regulate quality of the inputs (seeds and fertiliser) and to avoid duplication of oversight functions in the warehouse receipt system.
Under the terms of the MoU, ADB would provide a range of financial services, including warehouse receipts financing, aggregation financing, and settlement of trades.
And since then, the programme has grown rapidly, with the bank approving 140m shillings ($i.5m) of warehouse receipt loans from August to October 2014.
The assessment followed a technical review of the pioneering electronic warehouse receipt platform by the Nigerian Strategic Grains Reserve (SGR) and the Federal Ministry of Agriculture and Rural Development (FMARD).
Karachi -- Small Medium In dustrial Leasing Estates Pvt Ltd (SMILE) has urged the commer cial banks to promote Warehouse Receipt Financing (WRF) for en trepreneurs with weak balance sheets and yet remain fully secured under risk management by virtue of Collateral Management Agree ment (CMA) and Stock Monitor ing Agreement (SMA) with the collateral management compa nies.
He further emphasized on the importance of negotiable warehouse receipt and appealed to the farmers, warehouse managers, Banks and other stakeholders to make it success.
The project is the fifth under the Warehouse Receipt Framework for Serbia launched in 2010 and the first one which will be funded as opposed to previous unfunded risk-sharing facilities.
Under the policy guidelines of the central bank and with the technical help of the USAID, Pakistan Mercantile Exchange has completed the design of an Electronic Warehouse Receipt Issuance Company which will manage a national network of warehouses for agricultural commodities.