Nepal Derivative Exchange (NDEX) and Nepal Investment Bank Ltd (NIBL) signed a Memorandum of Understanding (MoU) to operate banking services for the members and clients of NDEX. According to the MoU, the objective of the alliance is to provide online banking facility for exchange members and clients for all of its transactions for clearing and settlement. Through the association the members and clients of NDEX will experience a hassle free trading and settlement operation which will go a long way in developing closer ties and making transactions safer and transparent. NDEX has invited expression of interest from nationwide commodities and derivative broker companies. It will start its operation after Tihar providing platform for nationwide traders and investors on various sectors of commodities like metal, energy and agro products and its derivatives. Jyoti Prakash Pandey, general manager of NIBL said that the launch of the new services shall be pivotal step in the continuous effort to strive for excellence by delivering value to the customers by redefining the boundaries of the existing business and inventing and reinventing products.
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