1. Summer Internship Project on:

3. National Spot Exchange Limited (NSEL)
National Spot Exchange Ltd (NSEL) is a national level electronic, demutualised and transparent
commodity spot market.
NSEL is promoted by Financial Technologies India Ltd (FTIL) and National Agriculture Co-
operative Marketing Federation of India ltd (NAFED).
NSEL commenced its live operations on15th October 2008.
It provides online delivery based trading in various agri-commodities ,bullions and metals
across the country.
More than 33 commodities are traded on NSEL Platform having delivery locations spread
across 14 states.

4. Services offered by NSEL
1. Selling
2. Procurement
3. Warehousing
4. Investment
5. Arbitrage

5. E-SERIES
•For the first time in India, National Spot Exchange (NSEL) has introduced E-Series products in
commodities.
•Retail investors can now trade and invest in commodities like they invest in equities.
•It enables investors to invest their funds into commodities in smaller denominations and hold it
in demat form for sale/delivery in future.
•NSEL has made necessary arrangements with National Securities Depository Limited (NSDL),
and Central Depository Services (India) Ltd. (CDSL) is the depository for holding commodity
units in the electronic form.

6. Products of e-Series
1) e-Gold 2) e-Silver 3) e-Platinum 5) e-Lead
6) e-Copper 7) e-Nickel 8) e-Zinc
Product Specification
Contract Symbol e-Gold, e-Silver, e-Copper , e-Zinc , e-Lead and e-Nickel
Trading Period Mondays – Fridays
Trading Session 10:00 AM to 11:30 PM
Trading unit 1 unit of e-Gold, equivalent to 1 gram of Gold ; 1unit of
e-Silver, equivalent to 100 gm of Silver , 1unit of e-Copper, e-
zinc, e-Lead and e-Nickel equivalent to 1KG.
Settlement Cycle T+2
Delivery Logic All open positions at the end of the day (buy and sell trades)
Result into compulsory delivery in demat form on T+2 day
Cost of transaction Rs 10 per lakh of turnover
Cost of storage nil

7. e-Gold
NSEL launched its first product under the E-Series as E-Gold on Wednesday, the 17th March,
2010.
E-Gold is a new incarnation of gold, innovated by National Spot Exchange (NSEL), which enables investors
to invest their funds into gold in smaller denomination and hold it in demat form.
It is available on the pan India electronic trading platform set-up by National Spot Exchange, which can be
accessed through members of NSEL or their franchises.
It provided an unique opportunity to buy, accumulate, hold and liquidate "Electronic Gold (E-Gold)" .
Electronic Gold (E-Gold) can be converted into physical gold coin/ bar .

8. PARAMETERS
Purchase & Sale
NSEL e-GOLD
Dematerialised Form
GOLD ETF’s
Dematerialised Form
BANK(BARS/COINS)
Physical Form
JEWELLER
Physical Form
Pricing Linked to Indian Gold
Prices
Linked to international
gold prices
May differ from bank
to bank
May differ from
jeweller to jeweller
Annual Recurring
Expenses(Storage,Insu
rance & AMC)
NIL 1-2.25% High High
Market Timing 10 AM – 11:30 PM 9 AM – 3:30 PM 10 AM – 5 PM 10 AM – 7 PM
Security of Asset Taken care of by
Exchange
Taken care of by Fund
House
Investor Responsible Investor Responsible
Resale At transparent
secondary market
prices
At transparent
secondary market
prices
May not be possible At deep discounts
Convenience of
buying, storage and
selling
High - Totally Demat High - Totally Demat Low - As physical
movement and transfer
involved
Low - As physical
movement and transfer
involved
Comparison between investment in e-Gold and other sources
of Gold investment

9. Online trading department
 trading in equity
 Trading in currency
 Trading in e-GOLD (NSEL)
Marketing Department
 Create awareness regarding NSEL e-Gold and made people invest in e-GOLD.
 Did survey regarding awareness of Currency derivatives among sub-brokers.

10. LEARNINGS FROM SUMMER TRAINING
•Learnt how to work in the corporate environment.
•How to manage and work with the people of different culture and background.
•Team work
•Coordination
•Learnt about online trading .
•Learnt about a new exchange NSEL and its product e-Series

11. CONCLUSION
We have learnt a lot from our training at Arihant capital market ltd. . We got a great exposure
regarding stock market and we got to learn about a new exchange i.e NATIONA L SPOT
EXCAHNGE LTD. and its product E-Series. Overall the training gave us practical knowledge.