Members of the stock exchanges are an important link between investors and the clearing house in the depository system. Securities bought or sold are routed through the clearing member account for settlement in the depository system. NSDL affiliated stock brokerage system is committed to providing comprehensive services that encompass the entire spectrum of investment activities.
Stock Broker Services Include:
e-Delivery Instruction Slip facility is an integration between the brokers and NSDL Demat Gateway which facilitates Clients to provide mandate/consent to debit and transfer securities from their demat accounts towards the obligation at exchange(s) arising out of trades.
IDeAS facilitates viewing of holdings in the demat account with value including transactions. Further, IDeAS also provides certain value added services viz., view and download of NSDL-CAS, e-voting and download of Form 26 AS.
NSDL launched SPEED-e (pronounced as speedy) in September, 2001.It enables demat account holders (including Clearing Members) to submit instructions directly on the Internet through SPEED-e website https://eservices.nsdl.com, without the need to use paper. SPEED-e is available to those demat account holders whose Participants have subscribed to it.
NSDL’s SPICE facilitates Clearing Members (Clients who have given Power of Attorney (POA) in favour of the Clearing Member) to submit auto pay-in instructions to Participants (where Clients maintain demat accounts) on SPEED-e facility to debit the demat accounts of the Clients and credit their Clearing Member (CM) Pool Accounts. Thus, eliminating the need to give paper based delivery instructions to the Participants.
Delivery-out instructions for moving securities from CM Pool Account to CM Delivery Account can be generated automatically by the respective Clearing Corporations based on the net delivery obligations of its Clearing Members.
The Clearing Corporation is authorized to generate Auto Delivery Outs (DOs) for Clearing Members who have provided their authorization for this purpose.
With the use of STeADY, brokers can electronically deliver and submit contract notes to custodians and fund managers through the transmission of digitally signed, encrypted transaction information.
Depository Account Validation (DAN) is a secured internet based facility. This system allows subscribers such as Book Running Lead Managers, Syndicate Members and others to validate and verify the DP ID, Client ID and PAN of investors through a file upload. By using the DAN system, Book Running Lead Managers, Syndicate Members, and others can ensure accuracy and validation of investor details before processing transactions.
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