Reissue of DRs

[abhishreshthaa]

SEQUENCE OF REISSUING DRs

• Client places order with the broker.
  
  
• Broker requests headroom approval from the Domestic Custodian Bank.
  
  
• Broker executes trade on approval of headroom.
  
  
• Broker delivers Contract Note (T+1).
  
  
• Client funds the broker (T to T+2)
  
  
• Broker delivers shares to the DCB (T+4/6)
  
  
• DCB advises the Overseas Depositary Bank.
  
  
• ODB issues DRs to NR Investor (T+5/8).