CURRICULUM - NSDL–DEPOSITORY OPERATIONS MODULE

1. Overview of the Capital Market

1.1 Overview of relevant laws, regulations

1.2 Primary Market
1.3 Secondary Market
1.4 Capital Market Intermediaries

2. Overview of NSDL

2.1 Features of Depository System

2.2 Legal Framework
2.3 Organisation structure of NSDL
2.4 Bye-Laws & Business Rules of NSDL
2.5 NSDL System & Connectivity

3. Business Partners of NSDL

3.1 Business Partners of NSDL

Eligibility, Joining – Procedure/steps, Services, Records and

Reconciliation, Rights & Obligations

3.2 CCs/ CHs

Eligibility, Admission criteria

3.3 Issuers and Registrar & Share Transfer Agents

Eligibility, Services, Records and Reconciliation, Rights & Obligations,

Role of RTAs in demat and remat

3.4 NSDL Application software

3.5 Hardware Requirements of business partners
3.6 Service Standards
3.7 Benefits & Safety

4. Services Offered by Depository

4.1 Account Opening

Beneficiary Account - Salient Features, Procedure, Precautions

Clearing Member Account - Salient Features, Procedure, Precautions
Intermediary Account - Salient Features, Procedure, Precautions

4.2 Transmission & Nomination

4.3 Dematerialisation

Salient Features, Procedure, Precautions

4.4 Rematerialisation

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 Salient Features, Procedure, Precautions

4.5 Trading & Settlement

Salient Features, Off-market/market transfers, Pay-in, Pay-out,

Settlement of Trades, Precautions

4.6 Internet initiatives by NSDL

Speed-e, Ideas, Steady

5. Special Services

5.1 Pledging/ Hypothecation

Salient Features, Procedures for Creating, Confirming, Closing and

Invoking a Pledge, Precautions

5.2 Securities Lending & Borrowing

Salient Features, Procedures for lending & borrowing, Repay of

securities borrowed, Recall of securities lent

5.3 Corporate Actions

Non-cash Corporate Actions

Cash Corporate Actions
Payment of interest on Debt instrument by NSDL

5.4 Public Issues

5.5 Units of Mutual Funds

Salient Features, Procedure, Precautions and Distinguishing features

in
respect of US-64

5.6 Debt instruments

Salient Features, Mode of Operations, Procedure for Certificate of

Deposits (CD), Commercial Papers etc.

5.7 Government Securities (G-Sec)

Salient Features, Procedure for dematerialisation & rematerialisation

of
physical certificates, G-sec in SGL form to Depository a/c, Precautions

5.8 NSC/KVP in Dematerialisation

Features and advantages

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 5.9 Dematerialisation of Warehouse Receipts - Features
5.10 MAPIN & TIN – Overview

6. Charges

Salient Features, NSDL Charges and DP Charges

7. Safety

General, Specific and System Level, Benefits and Safety

8. Progress

(Numbers as given in the NEST update)

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