NSDL’s ‘Cash Benefit Services’ offer the issuer by providing comprehensive solution for making the interest and redemption payments on outstanding bonds and non-convertible debentures. This service extends the functionality of online non-cash corporate action for the issuance of various securities.
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.
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.
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.
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.
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.
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.
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.
NSDL monitor the aggregate investment limits of FPI group based on demat holdings data, daily on an end of day basis. FPIs belonging to the same investor group are serviced by different custodians, the custodians report the holdings of such FPIs to NSDL. NSDL club the investments of such FPIs and ensure that combined holdings of all these FPIs remains below 10% of the total paid up equity capital in a listed or to be listed company on a fully diluted basis at any time. NSDL forthwith report the details of those FPIs who are responsible for breach of investment limit to SEBI.