Comment on NSEL fiasco – Does it affect Zerodha?

AnilKumar commented on 25 Aug 2013, 10:25 AM

Thanks for the explanation! In my view, lack of quantity/quality of goods in warehouses is at the heart of problem, which means, proper audits/stock taking did not happen intentionally or unintentionally. It is surprising that this could go on for so long.

I do not wish to go too far, but the kind of problem urges me to ask this. How safe are our trades in equity/FNO in NSE/BSE/MCX? What are the chances of settlement obligations not being met? I hope, you being a brokerage, would be in better position to tell us or get relevant information from the exchanges if needed.

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