NISM DEPOSITARY OPERATIONS

I. Introduction to the Capital Market

• Introduction to the capital market
• Structure of capital market
• Regulatory environment in Indian capital market
• Regulators in the Indian capital market

II. Introduction to Depository

• Need for a depository system
• Depository as a market participant
• Legal framework in which the depositories function in India
• Functions of a depository

III. Depository and its Business Partners

• Depository participants (DPs)
• Clearing corporation/Clearing house
• Issuers and RTAs

IV. Functions of Depository Participant -Account Opening

• Types of demat account a person can open with a DP
• Beneficiary account
• Clearing member account
• Closure of account
• Freezing of account
• Procedure and documentation for changes in client details

V. Functions of Depository Participant – Transmission and Nomination

• Transmission of shares
• Nomination of shares
• Process of transmission of securities held with or without nomination and jointly

VI. Functions of Depository Participant -Dematerialization

• International Securities Identification Number (ISIN)
• Process of dematerialization
• Process of rematerialisation

VII. Functions of Depository Participant -Trading and Settlement

• Role of DP in facilitating the transfer of securities
• Off-Market transactions
• Market transactions
• Inter-Depository transfers

VIII. Pledge and Hypothecation

• Concept of pledge and hypothecation
• Procedure for pledge and hypothecation

 

IX. Corporate Action

• Corporate Actions
• Procedure for Corporate Action w.r.t monetary benefits
• Procedure for Corporate Action w.r.t non-monetary benefits
• Procedure for Corporate Action w.r.t rights issue
• Procedure for Corporate Action w.r.t mergers and amalgamations
• Procedure for Corporate Action w.r.t monetary benefits
• Procedure for Corporate Action w.r.t interest payment on debt securities

X. Public Issues

• Role of DP in the process of public issues

XI. Debt Instruments and Government Securities

• Debt instruments and government securities
• Certificate of deposit (CDs)
• Commercial paper
• Government securities

XII. Foreign Portfolio Investor

• Eligibility Criteria of Foreign Portfolio Investors (FPI)
• Categories of FPI
• Eligibility Criteria and Engagement of Designated Depository Participant (DPP)

XIII. Rajiv Gandhi Equity Saving Schemes

• Procedure for opening an account to invest in RGESS

XIV. Basic Services Demat Account (BSDA)

• Features of BSDA
• Eligibility conditions required for opening BSDA