International Financial Services Centres Authority

(A statutory authority established by Government of India)

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Central Government notifies Financial Product and Financial Services related to bullion.

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Central Government notifies bullion spot delivery contract and bullion depository receipt with underlying bullion as a Financial product. Trading in bullion depository receipts with underlying bullion in relation to bullion spot delivery contracts and provision of bullion financing, bullion based loans, bullion loans against collateral, bullion vaulting, clearing and settlement services in relation to bullion spot delivery contracts and bullion depository receipts as a Financial Services.