Fundamental destinations of WDRA and its Repository is to carry out the electronic Negotiable Warehouse Receipt System in the nation, improve the trustee trust of the investors and the banks, increment liquidity in country regions, support logical warehousing of products, bring down the expense of financing, advance more limited and effective inventory chains, upgrade prize for evaluating and quality and guarantee better value hazard the executives. To give impulse to expanding the utilization of eNWRs, WDRA is zeroing in on creating ware settlement system and question goal instrument; enlistment of distribution centers to accomplish the targets spread out in the WDR Act. Archive will work with vowing of electronic Negotiable Warehouse Receipts, and the arrival of such vows, through the Repository.

Vowing is a cycle where holder of the eNWR will get an advance from the monetary foundation utilizing the hidden product of eNWR as insurance. At the point when a promise is denoted, the eNWR adjusts will stay in the customer’s record (borrower) just yet the control on the offset will be with the monetary establishment. All in all, the customer won’t utilize the eNWR adjusts until the promise for the monetary organization is dynamic. Further, if the customer has reimbursed the credit, the monetary foundation will deliver the promise and upon such delivery, the equilibriums of eNWR will be accessible in customer’s record for his utilization. Be that as it may, if the customer doesn’t reimburse the credit or defaults the reimbursement, the monetary organization will have total option to get the eNWR adjusts (responsibility for) moved to monetary establishment’s record.