Electronic Holding and Transfer of Bullion
Depository services for the bullion ecosystem are provided by India International Depository IFSC Limited (IIDI) www.iidi.co.in .
IIDI facilitates electronic ownership and transfer of bullion through maintenance of demat accounts and administration of Bullion Depository Receipts (BDRs). Depository services support:
• Electronic holding of BDRs
• Transfer of electronic ownership
• Settlement support
• Creation and extinguishment of BDRs
• Depository participant servicing
The depository framework serves as the interface connecting market participants with exchange-based bullion trading and settlement.