Metal Finishing Equipment for Your Contract Finishing Shop - Precision Finishing, Inc.
1-800-523-6232
1-800-243-2537
Finishing Services: You Do It
Most surface preparation services offer one solution.
We offer many!
Do you want to do all finishing work in your facility?
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Precision Finishing Inc.
708 Lawn Avenue
Sellersville, PA 18960
1-800-523-6232
Call us today at 800-523-6232, or just fill out the form below and one of our Finishing Experts will contact your within the next 24 hours.
& 2017 | All Rights Reserved | Precision Finishing Inc. | 708 Lawn Avenue| Sellersville, PA 18960 | 1-800-523-6232 |Never miss a great news story!Get instant notifications from Economic TimesYou can switch off notifications anytime using browser settings.SECTIONSET APPSENGLISHE-PAPERFOLLOW USStocksLATEST NEWS&&Loading...StocksMFETFShow More
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Get ET Markets in your own languageDOWNLOAD THE APP NOW+91CHOOSE LANGUAGEENGENG - EnglishHIN - ??????GUJ - ???????MAR - ?????BEN - ????? KAN - ?????ORI - ????TEL - ??????TAM - ?????ET NOW RADIONSEL to begin remat of e-series metal contracts from April 12By ET Bureau | Updated: Apr 05,
MUMBAI: Over 30,000 investors in the e-series metal contracts that were suspended by
since August last year following a payment crisis of Rs 5,500 crore on the bourse will be able to either convert the units they purchased for underlying metal or seek financial closure.
will commence from April 12 through April 23 and those who cannot convert units into metals will be paid money in lieu of bullion or other metals like platinum, , ,
from May 6.
said on Friday that rematerialisation will only be feasible for those who hold units either matching or exceeding the denominations offered by the exchange of the underlying metals.
All unit holders can check the denomination-wise stock availability as updated on /eseries. htm before placing the request for rematerialisation. The investors, many of whom are not as well off as their counterparts in the so-called paired or buy-sell contracts, which are at the heart of the NSEL scam, can heave a sigh of relief after National Spot Exchange's announcement for remat and financial closure on Friday.
The move, said NSEL, follows a no-objection to the settlement by commodity market regulator (FMC), following results of a forensic audit, which found that metals backing the units existed and that money used to purchase them prima facie did not belong to investors in paired contracts. Subsequent to the rematerialisation process, the exchange will commence the 'financial closure' of the balance units of e-series starting from May 6. Details of the procedure have been updated on the NSEL website. The settlement of the contracts was stalled following a complaint by a few National Spot Exchange investors in the , which ordered a forensic audit before the contracts can be rematerialised.
NSEL to begin remat of e-series metal contracts from April 12Share this Comment:Post to Twitter READ MORE ONStay on top of business news with The Economic Times App.
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