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Introduction
Financial services relating to holding, maintaining and dealing in securities in electronic form by a financial intermediary known as depository or demat service IPO, bonus, rights, converted securities.
Off-market trade: Trades which are not settled through the Clearing Corporation/ Clearing House of an exchange are classified as "Off Market Trades".
Clearing corporation
Pay-in and pay-outs of brokers who have traded securites on stock exchange.
Functions of depository
Dematerialization Dematerialization Transfer of securities Pledge and hypothecation. Transmission securities Freezing of the account Opening and closing of the account
NSDL
UTI ,IDBI Maintain accounts, dematerialization, dematerialization, settlement of trades. Pledge, hypothecation Transfer of shares to clearing house Distribution of cash and non cash benefits Dematerialization of warehouse receipt The dividend distribution scheme -
CDSL
BSC, bank of india, SBI,HDFC.. Dp are directly connected to the CDSL
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