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 & inter-
depository 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