User Guide for ELV CD Trading
CD TRADING USER MANUAL
A step by step communication document for the users to guide to sell / buy the Certificate of
Deposit (CD)
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User Guide for ELV CD Trading
Table of Contents
1. Frequently Used Terminology: ................................................................................................. 1
2. Pre-Requisites .......................................................................................................................... 1
3. Registration Process ................................................................................................................. 2
4. Trading Flow: ........................................................................................................................... 8
5. How to Trade the CD? .............................................................................................................. 9
5.1 How to sell the CD? ..................................................................................................................... 9
5.1.1 Create Sell Offer ................................................................................................................. 9
5.1.2 CD Allocation .................................................................................................................... 12
5.2 Buyer Flow ................................................................................................................................. 15
5.1.3 How to add funds into your account? ............................................................................. 16
5.1.4 Buyer places Quote .......................................................................................................... 19
5.1.5 Buyer Confirmation .......................................................................................................... 22
5.3 Original CD................................................................................................................................. 26
5.4 Transfer CD ................................................................................................................................ 27
6. CD Utilization ......................................................................................................................... 28
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User Guide for ELV CD Trading
1. Frequently Used Terminology:
1. CD: Certificate of Deposit, when a user submits a vehicle for scrapping at an RVSF, the RVSF
operator gives the user a CD in exchange for the vehicle being scrapped. This CD is generated
digitally at V-Scrap portal.
2. Trade: The activity of purchase and sale of CDs.
3. Utilization: The activity of marking the CD for utilization, this is done to avail the CD benefits.
2. Pre-Requisites
CD Trading System is a web enabled, android compatible online system where users can trade their
Certificate of Deposit (CD).
1. User needs a computer / laptop/ mobile with internet
2. User requires valid credentials for login
3. If a user is not registered, the user must register first and then login with their registered mobile
number
4. URL of the system is digielv.com
Following users will be using the CD Trading System.
1. CD Owner
2. Buyers
● CD Owners: CD owners are those who receive a CD in exchange for scrapping their end-of-life
vehicle (ELV) at a registered vehicle scrapping facility (RVSF). CD Owners who wish to trade the
CD can initiate trading on V-Scrap portal. After marking the CD for trade on the V-Scrap portal,
the CD owner is required to register on the NCDEX Trading portal. CD owners are required to
provide the CD number which further is verified on the portal and user is asked enter related
details. On OTP verification, user will be register on the platform to sell the CD.
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User Guide for ELV CD Trading
● Buyers: The users who want to purchase a CD to avail its benefits need to register on the trading
platform first.
3. Registration Process
CD Owner Registration:
To sell their CD on the DigiELV platform, users need to click on the "Register" button found on the
website.
Upon clicking "Register," a pop-up menu will appear for the user. CD owners should select "ELV CD
Owner" to continue with the registration process.
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User Guide for ELV CD Trading
After choosing "ELV CD Owner," users will be prompted to input the CD number. Enter the CD number
and then click on the "verify" button.
The DigiELV platform verifies if the ELV CD Owner has started the trade on the vscrap portal. If the
user has initiated it, a form for relevant details will be displayed below.
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User Guide for ELV CD Trading
The ELV CD Owner must input identical details to those furnished in the vscrap portal during the vehicle
scrapping process. The ELV CD Owner should enter the displayed details below and then click on
"Register" to continue.
Upon submitting the details, the user's verification will be conducted using OTP.
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User Guide for ELV CD Trading
The registration for the ELV CD Owner will be finalized upon successful OTP verification.
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User Guide for ELV CD Trading
CD Buyer Registration:
Users interested in purchasing Certificates of Deposit on the DigiELV Platform need to register on the
platform. Click on "Register" to initiate the Buyer registration process.
Choose "ELV CD Buyer" and click "Proceed" to advance in the registration process.
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User Guide for ELV CD Trading
After selecting "proceed," the user is required to furnish their details, including their PAN, to prevent
registration failures.
The system verifies that all provided details are accurate and recommends the same. User registration
will be finalized through OTP verification.
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User Guide for ELV CD Trading
The system validates the accuracy of all provided details and suggests the same. User registration will
be concluded following OTP verification.
4. Trading Flow:
CD Owner clicks on
Step1 Trade CD in Vahan and goes
to Trading Portal
CD Owner
Step2 Quotes price to
sell
Buyer
Step 3 quotes
purchase price
CD Owner
Step4 allocates to the
bidder
Buy
Step 5 er
confirms
In the above trading flow seller and buyer perform 2 actions each:
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User Guide for ELV CD Trading
Seller Actions:
● Seller / CD owner puts an offer to sell his CD
● Seller / CD owner does the allocation on the buy orders received
Buyer Actions:
● Buyer quotes his price to buy the CD which is on sale
● Buyer confirms the allocation done by the seller. i.e., The buyer accepts the
seller's allocation
5. How to Trade the CD?
5.1 How to sell the CD?
5.1.1 Create Sell Offer
Users can view all the CDs belonging to them in the My Active CD
Step 1: Click on Make Offer
The CD of the seller will be shown when the seller logs in.
To create a sell offer, click on the Sell this CD button.
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User Guide for ELV CD Trading
Step 2: Fill in the bank account information
Fill in the bank account information. Adding bank account information is a one-time process that users
must do.
This is required for a Seller to receive the amount from the CD buyer in exchange of their CD.
Bank account details must be entered correctly. Any incorrect information will lead to failure of
payment to the seller.
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User Guide for ELV CD Trading
Step 3: Enter the sell offer details
Click on Sell this CD to create a sell offer.
Enter the sell Offer price and click on Submit.
Here a Tax deduction calculator is also provided where a CD seller can check the CD return he will get
for the offer price value. Please note the CD return varies according to user type.
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User Guide for ELV CD Trading
Step 4: Generated Offer
The CD status will be displayed as Offer Created when the sale offer is generated.
5.1.2 CD Allocation
Step 1: Go to My Sell Offer
In My Sell Offer, the seller user can view his created sell offer with details CD number, Vehicle Category,
offer date, Offer Price with offer validity.
The created sell offer can be withdrawn / cancelled by clicking on cancel button. Post cancellation of
sell offer the CD will be available in My Active CD screen for utilization or sell offer creation.
The sell offer created will be displayed to buyers in “View all offers” for the period of offer validity.
In addition, users can view the original CD and the transfer CD, if applicable.
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User Guide for ELV CD Trading
Click on View Buy Offers
Step 2: Allocation
To negotiate with the buyer, click on Allocate.
Fill in the New Offer price, for which the seller intends to sell his CD.
Click on Allocate
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User Guide for ELV CD Trading
Users may receive multiple buy orders for a sell offer, user shall allocate to the one that satisfies users
expectation.
After clicking on the Confirm button trade status is changed from open to Trade pending.
Now Buyer will be given a choice to accept or reject your allocation.
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User Guide for ELV CD Trading
Step 3: Trade details in My Transaction History
The trade details with the trade status of CD SOLD can be seen after Buyer Confirmation as displayed
below.
Here the status CD SOLD indicates that order has been fulfilled. From the “My Transaction History”
screen users can download invoices and original, transferred CDs as well.
The transferred CD record can be seen in the Past CDs tab in the “My Transaction History” screen.
5.2 Buyer Flow
Buyer Prerequisites:
● Buyer is required to registered on digielv.com
● Buyer is required to add funds into his account to place a buy order. The steps to add funds are
mentioned below
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User Guide for ELV CD Trading
5.1.3 How to add funds into your account?
Step 1: Go to Manage Funds / Ledger Screen
Enter the amount to add into your account or select the value suggested and click on Add Funds.
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User Guide for ELV CD Trading
Page shown below in step 2 will open by clicking on Add Funds.
Step 2: Click on Payment to proceed.
Step 3: Enter the details and proceed
Enter the user Mobile number and e-mail to add funds. Click on PROCEED. Select the suitable payment
option. Click on the CONTINUE to add funds.
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User Guide for ELV CD Trading
Step 4: Successful addition of funds
Following the successful addition of funds, the notification below will be displayed.
The funds you have added will show up in the Manage Funds / Ledger screen, as illustrated below.
You can raise request to withdraw the funds deposited from the funds withdrawal screen.
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User Guide for ELV CD Trading
5.1.4 Buyer places Quote
Step 1: Go to View All Offers to place a Buy order
In the View All Offers, Category wise sell offers will be shown to the user.
Click on View Offers to see what deals are available in that category.
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User Guide for ELV CD Trading
Step 2: Click on Place Buy Offer
To create a Buy order, click on Place Buy Offer. Buyer may validate the Original CD by downloading it.
Step 3: Fill in the Bid Price.
Fill in the Buy Offer price to purchase a CD and click on Place Order.
Buyer may validate the CD category he is purchasing.
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User Guide for ELV CD Trading
Step 4: Buyer My Offer for Purchase
Buyer can view his buy order in MY BUY OFFER.
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User Guide for ELV CD Trading
In the My Buy Offer screen, users can see the buy offer / bid placed by them with the CD details and
offer validity period.
Users are given a provision to delete the placed buy offer till allocation is done by the CD seller.
5.1.5 Buyer Confirmation
Step 1: To review the orders, the buyer shall go to My Offer for Purchase.
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User Guide for ELV CD Trading
Once the seller does the CD allocation, the buyer will be able to CONFIRM or REJECT the seller's
allocation.
Step 2: Buyer confirmation
Buyer user shall click on Confirm to purchase the CD.
Click on Confirm to purchase the CD and complete the transaction.
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User Guide for ELV CD Trading
Step 3: Buyer My Transaction History
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User Guide for ELV CD Trading
After buyer confirmation, the trade transaction can be seen in “My Transaction History” with status CD
PURCHASED
Here in “My Transaction History” buyers can download the Original and transferred CD to validate.
Also user can download the invoice for the trade.
Ledger posting can be seen in the Manage Funds / Ledger Screen.
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User Guide for ELV CD Trading
5.3 Original CD
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User Guide for ELV CD Trading
5.4 Transfer CD
Trade history of the CD is given on the second page of Transfer CD
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User Guide for ELV CD Trading
6. CD Utilization
What is Utilization?
CD can be marked for utilization to avail the benefits associated with it for purchase of new vehicle.
When a CD is marked for utilization, the user receives the following benefits:
Benefits applicable,
1. Motor vehicle tax concession
2. Registration fee waiver
3. Discretionary auto OEM discount on new vehicle
Step 1: Click on Utilize
Clicking on UTILIZE following pop will be displayed to user
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User Guide for ELV CD Trading
Step 2: CD marked as UTILIZED
After clicking on utilize, CD will be marked as UTILIZED
After marking the CD for Utilization, it will be sent to Vahan and the owner can avail the benefits at the
RTO/Dealer. The Utilized CD details can be seen in the “My Transaction History” screen.
********************** End of Manual **********************
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