ISO 27001 Certified July 2007 NSDL and DTCC (US Depository) sign Information Sharing and Collaboration Pact National Securities Depository Ltd. (NSDL) has signed a Memorandum of Understanding (MOU) with The Depository Trust & Clearing Corporation (DTCC), a US Depository, to forge closer ties between the two organizations. Under the terms of the MOU, NSDL and DTCC will establish a mechanism to increase mutual understanding and exchange market updates, improvement opportunities and information on business operating models. The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the United States and 100 other countries and territories, valued at $36 trillion. Last year, DTCC settled more than $1.5 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. Equi-Derive India Private Limited joins NSDL as Depository Participant (DP) Equi-Derive India Private Limited has been made operational as a DP on June 4, 2007. It will conduct its depository operations from Kolkata. The DP Id allotted is IN303323. This takes the total number of operational DPs to 245 and the total number of DPM set-ups to 323. facility made mandatory for all DPs facility has been made mandatory for all the DPs. Thus, all clients can now avail of , which is an internet based facility for viewing latest balances and transactions of last 30 days. Those clients who wish to avail of this facility should contact their DPs for more details about or visit at https://speed-e.nsdl.com. Training Programmes for Compliance Officers of DPs NSDL conducted training programmes in Mumbai, Chennai, New Delhi and Kolkata for compliance officers of DPs. Areas covered during the training programmes were compliance requirements, inspection and internal audit. These programmes were conducted in Mumbai, Chennai, New Delhi and Kolkata on June 8, 15, 22 and 29, 2007 respectively, which were attended by 93 persons representing 65 DPs.
12
Embed
NEST UPDATE - NSDL · NEST UPDATE Inside: ISO 27001 Certified ... New Delhi and Kolkata for ... DPs will also have to ensure compliance with SEBI guidelines regarding safeguards to
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
NEST UPDATENEST UPDATEInside:
ISO 27001 Certified
July 2007
PerformanceSummary
Corporate ActionStatisticsCompanies NameChangeSecuritiesadmitted fordematerialisationCompanies with long pending demat requestsCalendar of EventsNSDL Advertisement
NSDL and DTCC (US Depository) sign Information Sharing and
Collaboration Pact
National Securities Depository Ltd. (NSDL) has signed a Memorandum ofUnderstanding (MOU) with The Depository Trust & Clearing Corporation(DTCC), a US Depository, to forge closer ties between the two organizations.Under the terms of the MOU, NSDL and DTCC will establish a mechanism toincrease mutual understanding and exchange market updates, improvementopportunities and information on business operating models.
The Depository Trust & Clearing Corporation (DTCC), through itssubsidiaries, provides clearance, settlement and information services forequities, corporate and municipal bonds, government and mortgage-backedsecurities and over-the-counter derivatives. In addition, DTCC is a leadingprocessor of mutual funds and insurance transactions, linking funds andcarriers with their distribution networks. DTCC's depository provides custodyand asset servicing for 2.8 million securities issues from the United States and100 other countries and territories, valued at $36 trillion. Last year, DTCCsettled more than $1.5 quadrillion in securities transactions. DTCC hasoperating facilities in multiple locations in the United States and overseas.
Equi-Derive India Private Limited joins NSDL as Depository
Participant (DP)
Equi-Derive India Private Limited has been made operational as a DP on June4, 2007. It will conduct its depository operations from Kolkata. The DP Idallotted is IN303323.This takes the total number of operational DPs to 245 and the total number ofDPM set-ups to 323.
IDeAS facility made mandatory for all DPs
IDeAS facility has been made mandatory for all the DPs. Thus, all clients cannow avail of IDeAS, which is an internet based facility for viewing latestbalances and transactions of last 30 days. Those clients who wish to avail ofthis facility should contact their DPs for more details about IDeAS or visit athttps://speed-e.nsdl.com.
Training Programmes for Compliance Officers of DPs
NSDL conducted training programmes in Mumbai, Chennai, New Delhi andKolkata for compliance officers of DPs. Areas covered during the trainingprogrammes were compliance requirements, inspection and internal audit.These programmes were conducted in Mumbai, Chennai, New Delhi andKolkata on June 8, 15, 22 and 29, 2007 respectively, which were attended by 93persons representing 65 DPs.
Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in
NCFM oriented training programmes for DPs
NSDL conducted NCFM (NSE's Certification in Financial Markets - NSDL-Depository Operations Module) orientedtraining programmes for DPs to facilitate them for the NCFM examination. The programmes were conducted in Mumbai,Chennai, New Delhi and Kolkata on June 9, 16, 23 and 30, 2007 respectively, which were attended by 53 persons representing28 DPs.
New account sub-type viz; “Margin Account” added to enable Clearing Members (CMs) to open beneficiary
accounts to hold securities for client margin purposes
A new sub-type "Margin Account" is added under Client types 'Resident' and 'Body Corporate' to enable Clearing Members(CMs) to open beneficiary accounts to hold securities for client margin purposes. While opening such accounts, DPs arerequired to obtain an undertaking from the Clearing Members/Brokers that the said beneficiary account(s) are opened for thesole purpose of holding and transacting for client margin purposes and no other securities will be held/transacted in the saidaccount.This has been informed to DP's vide Circular No. NSDL/POLICY/2007/0029 dated June 15, 2007.
Exemption from submission of copy of transaction statement by client in certain cases
(a) Change of address in case of non-body corporate accounts:In case a Client (sole holder or either of the holders) personally visits the DP's office to submit an application (signed by allholders in case of joint holdings) for change of address alongwith necessary documents (proof of identity / proof ofaddress), the DP need not obtain the transaction statement from that Client.
(b) Change of address with respect to Corporate Accounts:As one of the authorised signatories is required to personally visit DP's office, the DP need not obtain transactionstatement from the authorised signator(ies).
(c) Change of signature:Since the Client in case of change in his/her signature is required to personally visit the DP's office, the DP need notobtain the transaction statement from that Client.
(d) SPEED-e and IDeAS :In case of SPEED-e and IDeAS, if a Client [sole holder or either of the holders who is authorised on behalf of the otherholder(s) to operate SPEED-e or IDeAS] personally visits the DP's office to submit an application (signed by all holdersin case of joint holdings) for the following cases, the DP need not obtain the transaction statement from the Client.SPEED-e : (i) Registration of password based User (ii) Addition to pre-notified accounts and (iii) Resetting of password.IDeAS : (i) Registration of password based User and (ii) Resetting of password.
(e) Requisition for Loose leaf DIS :In case of requisition for loose leaf DIS, if the Client personally visits DP's office and signs (all the holders in case of jointholdings) the DIS in the presence of the authorised official of DP, the DP need not obtain transaction statement fromsuch Client(s). In this regard, DPs will also have to ensure compliance with SEBI guidelines regarding safeguards to befollowed to address the concerns of the investors in case of transfer of securities in dematerialized mode.In case the authorised representative of the Client visits DP's office to submit the application, the requirement ofobtaining transaction statement from the Client will have to be followed as per the procedures laid down.
The above exemptions have been informed to DP's vide Circular No. NSDL/POLICY/2007/0030 dated June 18, 2007.
SEBI Circular on Unique Identification Number (UIN) under MAPIN
Securities and Exchange Board of India (SEBI) vide its Circular No. MRD/DoP/Cir-08/2007 dated June 25, 2007 hascommunicated its decision to discontinue with the requirement of Unique Identification Number (UIN) under the SEBI(Central Database of Market Participants) Regulations. Extracts of aforementioned SEBI circular are as under:
“1. As you are aware, SEBI vide circular No. MRD/DoP/Cir- 05/2007 dated April 27, 2007 has made PAN the soleidentification number for all participants in the securities market, irrespective of the amount of transaction.
2. In light of the above, it has been decided to discontinue with the requirement of Unique Identification Number(UIN) under the SEBI (Central Database of market Participants Regulations), 2005 (MAPIN regulations)/circulars.”
This has been informed to DPs vide Circular No. NSDL/POLICY/2007/0033 dated June 27, 2007.
2
3Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in
Settlement : In June 2007, a total quantity of 390 cr. shares having a
value of Rs. 79,454 cr. were settled in demat form in the
stock exchanges connected to NSDL. Table 3 shows the
settlement figures over the past three years.
Table 3
Month -Year
Jun-05
Jun-06
Jun-07
SettlementQuantity (Cr.)
SettlementValue (Rs. Cr.)
450
312
390
47,777
55,144
79,454
(Single side)
Dematerialisation :As on June 30, 2007, 20,891 cr. securities having a
value of Rs. 35,93,552 cr. were dematerialised. Table 2
shows the dematerialisation figures over the last three
years.
Table 2
Month -Year
Jun-05
Jun-06
Jun-07
Demat Quantity(Cr.)
Demat Value(Rs. Cr.)
13,667
18,686
20,891
1,585,069
2,366,090
3,593,552
Performance SummaryInvestors :
As on June 30, 2007, there are 77,96,829 investor
accounts from within the country and abroad. 2,163
clearing member accounts have been opened to
facilitate trading and settlement of demat shares in
the stock exchanges connected to NSDL. Table 1
shows the growth in investor accounts over a period
of three years.
Month - Year
Jun-05
Jun-06
Jun-07
65.47
77.43
77.97
Client Accounts
No. of Accounts (lakh)
Table 1
Companies :EQUITY
As on June 30, 2007, 6,704 companies are available
for demat. Table 4 indicate the increase in the
number of companies that have joined NSDL
over a period of three years.
Table 4
No. of CompaniesOperationalMonth - Year
Jun-05
Jun-06
Jun-07
5,663
6,148
6,704
DEBENTURES / BONDS
As on June 30, 2007, 671 issuers have issued 21,248
debenturers / bonds in demat form. 14,280 instruments
have been redeemed and 6,968 instruments are available for
dematerialisation. Table 4A shows the growth over a period
of last three months.
Table 4A
Month -Year
No. ofIssuers
No. ofactive
Instruments
DematValue (Rs.
Cr.)
Apr-07
May-07
Jun-07
671
671
671
6,836
6,870
6,968
387,648
386,560
400,596
COMMERCIAL PAPER
As on June 30, 2007, 387 issuers have issued 9,149
commercial papers in demat form. 8,619 instruments
have been redeemed and 530 commercial papers are
available for dematerialisation. Table 4B shows the
growth over a period of last three months.
Table 4B
Month -Year
No. ofIssuers
No. of activeInstruments
Apr-07
May-07
Jun-07
386
387
387
376
432
530
Depository Participants :
As on June 30, 2007, 245 Depository Participants are
offering depository services. DP services are
provided from 6,245 locations across 726 cities /
towns in the country.
Table 5
Month - Year No. of DPs
Jun-05
Jun-06
Jun-07
218
231
245
4Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in
List of Companies that have changed Names(During June 2007)
Sr.No.
SRG Infotec Limited
Kotawala (India) Limited
Indusind Telecom Network Limited
B. A. G. Films Limited
Allianz Capital And Management Services Ltd.
KGN Info-Tech Limited
Ashiana Housing & Finance (India) Limited
Kappa Investments Limited
Vel Software Limited
Innova Health Systems Limited
Metro Shoes Private Limited
FCL Technologies and Products Limited
Hulta Pharmaceutical Exports Limited
Pan India Corporation Limited
Suave Hotels Limited
Omega Telecom Holdings Private Ltd.
B. A. G. Films and Media Limited
Almondz Capital and Management Services Ltd.
KGN Enterprises Limited
Ashiana Housing Limited
Aricent Technologies (Holdings) Limited
Venus Universal Limited
Trinethra Infra Ventures Limited
Metro Shoes Limited
UFLEX Limited
Epsom Properties Limited
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Old Name New Name
5Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in
Description
1
2
3
4
5
6
7
8
9
10
Corporate Action StatisticsSr.
No. No. of Allottees No. of Securities
During June 2007 For the F.Y. 2007-2008 (upto June 2007)
No. of Allottees No. of Securities
Equity Shares
Preference Shares
Bonds
Commercial Papers
Certificate of Deposits
Securitised Instruments
Mutual Fund Units
Warrants
Postal Savings Certificates
Commodities
684,815
14
1,218
171
316
223
1,945
9
79
694
2,774,241,350
28,315,270
49,670,811
155,405
2,385,133
11,579,283
124,721,801
1,554,630
1,589,000*
13,477
1,270,752
34
4,368
416
719
469
27,036
3,130
283
2,014
7,011,701,436
877,692,293
110,419,638
366,521
5,106,785
11,603,989
227,461,810
9,327,721
24,168,300*
143,813
Total
* Value in Rupees
689,484 2,994,226,160 1,309,221 8,277,992,306
Prudential ICICI Asset ManagementCompany Limited
ICICI Prudential Asset ManagementCompany Limited
Securities admitted for Dematerialisation during June 2007
D B Malls Private LimitedGrandix Pharmaceuticals LimitedHDFC Chubb General Insurance Co LtdHome Stores (India) LimitedHurix Systems Private LimitedI- Ven Realty LimitedInfrasoft Technologies Limited
Maytas Infra LimitedNutech Global LimitedOmaxe LimitedPaliwal Real Estate Private LimitedPorwal Auto Components LimitedPower Grid Corporation Of India LtdPrivi Organics Limited
"Printed & Published by Mr. Jayesh Sule on behalf of National Securities Depository Limitedand Printed at Pratima Printers, 66, Ideal Indl. Estate, S. B. Marg, Lower Parel, Mumbai - 400 013and Published from National Securities Depository Limited, 4th Floor, 'A' Wing, Trade World,Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.Editor: Mr. Jayesh Sule"
Branch Offices
11Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in
Business Partner TrainingAug. 3, 2007
Aug. 4, 2007
Aug. 7-9, 2007
Aug. 10, 2007
Aug. 11, 2007
Aug. 17, 2007
Aug. 18, 2007
Aug. 25, 2007
NCFM-oriented Training (Chandigarh)
Compliance Training (Chandigarh)
Depository Participant Training
NCFM-oriented Training (Jamshedpur)
Compliance Training (Jamshedpur)
NCFM-oriented Training (Lucknow)
Compliance Training (Lucknow)
Compliance Training (Hyderabad)
Aug. 2, 2007
Aug. 3, 2007
Aug. 4, 2007
Aug. 9, 2007
Aug. 10, 2007
Alwar
Sikar
Jaipur
Sonepat
Gurgaon
Investor Depository MeetsAug. 11, 2007
Aug. 16, 2007
Aug. 17, 2007
Aug. 18, 2007
Aug. 23, 2007
Noida
Gondal
Veraval
Porbandar
Shertally
Aug. 24, 2007
Aug. 25, 2007
Aug. 30, 2007
Aug. 31, 2007
Sept. 1, 2007
Changanacherry
Kollam
Varanasi
Mirzapur
Allahabad
12Demat-by-NSDL ... Towards a secure future !!! Nest Update July, 2007 Visit our website at www.nsdl.co.in