National Securities Depositories Ltd
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National Securities Depositories Ltd. (NSDL) PRESENTED BY:SHIKHAR SRIVASTAVA RAMANDEEP SAHNI SAKSHI SRIVASTAVA SHOBHNA DWIVEDI SACHIN DHAWAN SHAD ALAM
NSDL
The enactment of Depositories Act in August 1996 paved the way for establishment of NSDL, the first depository in India NSDL works to support the investors and brokers in the capital market of the country. NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs.
Basic Services
These include basic facilities like account maintenance, dematerialization, rematerialisation, settlement of trades through market transfers, off market transfers & interdepository transfers, distribution of non-cash corporate actions and nomination/ transmission
Facilitates holding of securities in dematerialized form and effects transfers by means of account transfers This system which facilitates scripless trading offers various direct and indirect services to the market participants.
Value Added Services
Depository is a facility for holding securities electronically in which securities transactions are processed by book entry. NSDL provides special services like pledge, hypothecation of securities, automatic delivery of securities to clearing corporations. Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending, demat of NSC/KVP, demat of warehouse receipts and Internet-based services such as SPEED-e and IDeAS are some other services
Value Added Services
NSDL has also set-up a facility that enables brokers to deliver contract notes to custodians and/or fund managers electronically. This facility called STEADY (Securities Trading - information Easy Access and Delivery) was launched by NSDL on November 30, 2002.
Launch of IDeAS
NSDL has launched an Internet based facility called IDeAS (Internet-based Demat Account Statement) with effect from January 1, 2004. This facility enables accountholders to view balances and transactions in their Demat accounts on the Internet. NSDL had earlier launched a facility called SPEED-e, which enabled accountholders to deliver instruction slips through the Internet
Launch of IDeAS
Accountholders can view the latest balances and transactions that have taken place in their Demat accounts in the last five days. . This facility can be availed by those accountholders whose Depository Participants (DPs) are registered with NSDL for IDeAS. It can also be availed by users of SPEED-e and Clearing Members (CMs) who have subscribed to SPEED.
Latest Happening at NSDL:
•
SEBI advises DPs to pass on reduction in charges to investors:NSDL keeping in line with its policy of passing on the benefit of increasing volumes to the market has reduced its charge to DPs for debit instruction from Rs.10/- to Rs.8/-, with effect from January 1, 2004. The corporate action fee payable by issuers has also been reduced from Rs.10/- per record to Rs.8/- per record.
•
• •
•
Subscription to SPEED-e: The following DPs have subscribed to the SPEED-e facility of NSDL. East India Securities Limited Khandwala Integrated Financial Services Private Limited. Clients of the above mentioned DPs can avail of the facility of submitting various instructions through SPEED-e website
Securities Limited joins NSDL as DP: Zen Securities Limited has been made operational as a DP on December 31, 2003. It will conduct its depository operations from Hyderabad.
Service Tax on fees to be paid to NSDL :-
•
Service Tax at the applicable rate (@ 10.3% presently) would be charged to Issuers or their R & T Agents on the fees payable to NSDL for corporate action, change in electronic connectivity, benpos and such other services
National Commodity & Derivatives Exchange Limited joins NSDL as Clearing Corporation:-
•
National Commodity & Derivatives Exchange Limited (NCDEX) has appointed National Securities Clearing Corporation Ltd. (NSCCL) as clearing and settlement agent for trades done on NCDEX.
Thank you
NSDL
The enactment of Depositories Act in August 1996 paved the way for establishment of NSDL, the first depository in India NSDL works to support the investors and brokers in the capital market of the country. NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs.
Basic Services
These include basic facilities like account maintenance, dematerialization, rematerialisation, settlement of trades through market transfers, off market transfers & interdepository transfers, distribution of non-cash corporate actions and nomination/ transmission
Facilitates holding of securities in dematerialized form and effects transfers by means of account transfers This system which facilitates scripless trading offers various direct and indirect services to the market participants.
Value Added Services
Depository is a facility for holding securities electronically in which securities transactions are processed by book entry. NSDL provides special services like pledge, hypothecation of securities, automatic delivery of securities to clearing corporations. Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending, demat of NSC/KVP, demat of warehouse receipts and Internet-based services such as SPEED-e and IDeAS are some other services
Value Added Services
NSDL has also set-up a facility that enables brokers to deliver contract notes to custodians and/or fund managers electronically. This facility called STEADY (Securities Trading - information Easy Access and Delivery) was launched by NSDL on November 30, 2002.
Launch of IDeAS
NSDL has launched an Internet based facility called IDeAS (Internet-based Demat Account Statement) with effect from January 1, 2004. This facility enables accountholders to view balances and transactions in their Demat accounts on the Internet. NSDL had earlier launched a facility called SPEED-e, which enabled accountholders to deliver instruction slips through the Internet
Launch of IDeAS
Accountholders can view the latest balances and transactions that have taken place in their Demat accounts in the last five days. . This facility can be availed by those accountholders whose Depository Participants (DPs) are registered with NSDL for IDeAS. It can also be availed by users of SPEED-e and Clearing Members (CMs) who have subscribed to SPEED.
Latest Happening at NSDL:
•
SEBI advises DPs to pass on reduction in charges to investors:NSDL keeping in line with its policy of passing on the benefit of increasing volumes to the market has reduced its charge to DPs for debit instruction from Rs.10/- to Rs.8/-, with effect from January 1, 2004. The corporate action fee payable by issuers has also been reduced from Rs.10/- per record to Rs.8/- per record.
•
• •
•
Subscription to SPEED-e: The following DPs have subscribed to the SPEED-e facility of NSDL. East India Securities Limited Khandwala Integrated Financial Services Private Limited. Clients of the above mentioned DPs can avail of the facility of submitting various instructions through SPEED-e website
Securities Limited joins NSDL as DP: Zen Securities Limited has been made operational as a DP on December 31, 2003. It will conduct its depository operations from Hyderabad.
Service Tax on fees to be paid to NSDL :-
•
Service Tax at the applicable rate (@ 10.3% presently) would be charged to Issuers or their R & T Agents on the fees payable to NSDL for corporate action, change in electronic connectivity, benpos and such other services
National Commodity & Derivatives Exchange Limited joins NSDL as Clearing Corporation:-
•
National Commodity & Derivatives Exchange Limited (NCDEX) has appointed National Securities Clearing Corporation Ltd. (NSCCL) as clearing and settlement agent for trades done on NCDEX.
Thank you
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