Tanzania Mercantile Exchange (TMX) maintains a Central Depository or Registry of warehouse receipts which guarantee product integrity. Manual Receipt issued under the Warehouse Receipts Act, 2010 will be immobilized into Depository Receipt. The Tanzania Mercantile Exchange (TMX) Central Depository is the sole entity authorized to and responsible for issuing Depository Receipt, printing copies of receipts, transferring legal title, and canceling receipts. The Depository Receipt issued by the TMX Central Depository represents legal title to the deposited commodity. The Depository Receipt is transferable and negotiable on the TMX through the function of the TMX Central Depository.
The Central Depository will maintain separate accounts for every depositor. The Exchange Central Depository will provide the following services: Create Depository Receipts;
- Maintain and edit required depository receipt data;
- Maintain a register of Depositors
- Effect settlement of contracts traded on the Exchange by transferring Depository Receipts between holders;
- Issue Delivery Note after transfer of Depository Receipt;
- Void or cancel Depository Receipts;
- Reconcile records daily
